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RCL FOODS LIMITED – Dealings in Share Appreciation Rights (SARs) and securities by a director

RCL 201804260059A

Dealings in Share Appreciation Rights (“SARs”) and securities by a director



RCL FOODS LIMITED

(Incorporated in the Republic of South Africa)

(Registration number: 1966/004972/06)

ISIN: ZAE000179438

Share Code: RCL

(“the Company”)



DEALINGS IN SHARE APPRECIATION RIGHTS (“SARs”) AND SECURITIES BY A DIRECTOR



The following transaction is disclosed in relation to SARs which

were awarded on 5 September 2012 and are due to expire on 5

September 2019. SARs award prices and exercise prices were

determined as the 5-day volume weighted average price (VWAP) as at

the respective award and exercise dates:



Director : R H Field

Company : RCL Foods Limited

Date of transaction : 20 April 2018

Nature of transaction : Off-market acceptance and

exercise of SARs which are

subsequently equity settled in

accordance with the RCL Foods

Limited Share Appreciation Rights

Scheme

Class of securities : SARs in respect of ordinary

shares

Number of SARs exercised : 123,586

SARs award price : R13.20

SARs exercise price : R18.90

Total gain on transaction : R704,440.20

Equivalent number of shares : 37,271

Nature of interest : Direct beneficial

Clearance obtained : Yes





Durban

26 April 2018



Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)



Date: 26/04/2018 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (“JSE”).

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