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

RCL 201609290052A

Dealings in share appreciation rights (“SARs”) 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”) BY DIRECTORS AND

COMPANY SECRETARY



The following transactions are disclosed in relation to SARs which

were awarded on 1 August 2009 and are due to expire on 29 October

2016. SARs award prices and exercise prices were determined as the

5-day VWAP as at the respective award and exercise dates:





Director : D S Pitman

Company : RCL Foods Consumer Pty Ltd, a

major subsidiary of the Company

Date of transaction : 23 September 2016

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 : 469,679

SARs award price : R14.27

SARs exercise price : R14.60

Total gain on transaction : R154,994.07

Equivalent number of shares : 10,616

Nature of interest : Direct beneficial

Clearance obtained : Yes





Director : S Balidis

Company : RCL Foods Consumer Pty Ltd, a

major subsidiary of the Company

Date of transaction : 23 September 2016

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 : 57,236

SARs award price : R14.27

SARs exercise price : R14.60

Total gain on transaction : R18,887.88

Equivalent number of shares : 1,293

Nature of interest : Direct beneficial

Clearance obtained : Yes





Director : S A Van Der Merwe

Company : RCL Foods Consumer Pty Ltd, a

major subsidiary of the Company

Date of transaction : 23 September 2016

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 : 27,115

SARs award price : R14.27

SARs exercise price : R14.60

Total gain on transaction : R8,947.95

Equivalent number of shares : 612

Nature of interest : Direct beneficial

Clearance obtained : Yes





Director : C D Creed

Company : Vector Logistics Pty Ltd, a major

subsidiary of the Company

Date of transaction : 23 September 2016

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 : 91,044

SARs award price : R14.27

SARs exercise price : R14.60

Total gain on transaction : R30,044.52

Equivalent number of shares : 2,057

Nature of interest : Direct beneficial

Clearance obtained : Yes





Director : W E Schwimmbacher

Company : RCL Foods Consumer Pty Ltd, a

major subsidiary of the Company

Date of transaction : 26 September 2016

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 : 37,813

SARs award price : R14.27

SARs exercise price : R14.81

Total gain on transaction : R20,419.02

Equivalent number of shares : 1,378

Nature of interest : Direct beneficial

Clearance obtained : Yes





Director : S B Heath

Company : RCL Foods Consumer Pty Ltd, a

major subsidiary of the Company

Date of transaction : 27 September 2016

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 : 248,635

SARs award price : R14.27

SARs exercise price : R14.83

Total gain on transaction : R139,235.60

Equivalent number of shares : 9,388

Nature of interest : Direct beneficial

Clearance obtained : Yes





Director : W A De Wet

Company : RCL Foods Sugar & Milling Pty

Ltd, a major subsidiary of the

Company

Date of transaction : 27 September 2016

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 : 212,421

SARs award price : R14.27

SARs exercise price : R14.83

Total gain on transaction : R118,955.76

Equivalent number of shares : 8,021

Nature of interest : Direct beneficial

Clearance obtained : Yes





Director : S Pillay

Company : Vector Logistics Pty Ltd, a major

subsidiary of the Company

Date of transaction : 27 September 2016

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 : 67,594

SARs award price : R14.27

SARs exercise price : R14.83

Total gain on transaction : R37,852.64

Equivalent number of shares : 2,552

Nature of interest : Direct beneficial

Clearance obtained : Yes





Director : P E Gibbons

Company : Vector Logistics Pty Ltd, a major

subsidiary of the Company

Date of transaction : 27 September 2016

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 : 36,434

SARs award price : R14.27

SARs exercise price : R14.83

Total gain on transaction : R20,403.04

Equivalent number of shares : 1,375

Nature of interest : Direct beneficial

Clearance obtained : Yes



Director : M Dally

Company : RCL Foods Limited

Date of transaction : 28 September 2016

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 : 279,074

SARs award price : R14.27

SARs exercise price : R14.84

Total gain on transaction : R159,072.18

Equivalent number of shares : 10,719

Nature of interest : Direct beneficial

Clearance obtained : Yes





Director : R H Field

Company : RCL Foods Limited

Date of transaction : 28 September 2016

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 : 427,702

SARs award price : R14.27

SARs exercise price : R14.84

Total gain on transaction : R243,790.14

Equivalent number of shares : 16,427

Nature of interest : Direct beneficial

Clearance obtained : Yes





Director : T J Harding

Company : RCL Foods Consumer Pty Ltd, a

major subsidiary of the Company

Date of transaction : 28 September 2016

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 : 130,935

SARs award price : R14.27

SARs exercise price : R14.84

Total gain on transaction : R74,632.95

Equivalent number of shares : 5,029

Nature of interest : Direct beneficial

Clearance obtained : Yes

Director : A Westermeyer

Company : RCL Foods Consumer Pty Ltd, a

major subsidiary of the Company

Date of transaction : 28 September 2016

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 : 16,581

SARs award price : R14.27

SARs exercise price : R14.84

Total gain on transaction : R9,451.17

Equivalent number of shares : 636

Nature of interest : Direct beneficial

Clearance obtained : Yes





Company Secretary : J M J Maher

Company : RCL Foods Limited

Date of transaction : 28 September 2016

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 : 15,678

SARs award price : R14.27

SARs exercise price : R14.84

Total gain on transaction : R8,936.46

Equivalent number of shares : 602

Nature of interest : Direct beneficial

Clearance obtained : Yes





Director : D S Milne

Company : RCL Foods Consumer Pty Ltd, a

major subsidiary of the Company

Date of transaction : 28 September 2016

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 : 54,192

SARs award price : R14.27

SARs exercise price : R14.84

Total gain on transaction : R30,889.44

Equivalent number of shares : 2,081

Nature of interest : Direct beneficial

Clearance obtained : Yes



Director : P D Cruickshank

Company : RCL Foods Sugar & Milling Pty

Ltd, a major subsidiary of the

Company

Date of transaction : 28 September 2016

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 : 87,470

SARs award price : R14.27

SARs exercise price : R14.84

Total gain on transaction : R49,857.90

Equivalent number of shares : 3,359

Nature of interest : Direct beneficial

Clearance obtained : Yes





Durban

29 September 2016



Sponsor

RAND MERCHANT BANK (A division of FirstRand Bank Limited)



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