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RCL FOODS LIMITED – Dealings in share appreciation rights (SARs) and securities by directors and company secretary

RCL 201804040027A

Dealings in share appreciation rights (“SARs”) and securities by directors and company secretary



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

DIRECTORS AND COMPANY SECRETARY



The following transaction is disclosed in relation to SARs which

were awarded on 1 June 2011 and are due to expire on 1 June 2018.

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:



Company Secretary : J Maher

Company : RCL Foods Limited

Date of transaction : 27 March 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 : 63,477

SARs award price : R16.45

SARs exercise price : R18.99

Total gain on transaction : R161,225.10

Equivalent number of shares : 8,490

Nature of interest : Direct beneficial

Clearance obtained : Yes



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 : M Dally

Company : RCL Foods Limited

Date of transaction : 27 March 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 : 768,117

SARs award price : R13.20

SARs exercise price : R18.99

Total gain on transaction : R4,447,382.04

Equivalent number of shares : 234,196

Nature of interest : Direct beneficial

Clearance obtained : Yes



The following transactions are disclosed in compliance with the

JSE Limited Listings Requirements:



Director : RH Field

Company : RCL Foods Limited

Date of transaction : 27 March 2018

Nature of transaction : On market sale of securities

Class of securities : Ordinary shares

Number of securities : 37,470

Selling price : 20,905 at R18.80; 2,589 at

R18.81; 10,074 at R18.85; 1,769

at R18.86; 2,133 at R19.10

Total value of transaction : R705,711.63

Nature of interest : Direct beneficial

Clearance obtained : Yes



Director : RH Field

Company : RCL Foods Limited

Date of transaction : 28 March 2018

Nature of transaction : On market sale of securities

Class of securities : Ordinary shares

Number of securities : 3,434

Selling price : 3,423 at R18.70; 11 at R18.85

Total value of transaction : R64,217.45

Nature of interest : Direct beneficial

Clearance obtained : Yes





Durban

4 April 2018



Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)



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