Enhanced Investments - Financial Portal

Dealings in securities by prescribed officers and termination of a cession and pledge arrangement by director

Published: 2023-12-05 18:45:24 ET

Remgro Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1968/006415/06)
ISIN: ZAE000026480
JSE and A2X Share Code: REM

DEALINGS IN SECURITIES BY PRESCRIBED OFFICERS AND TERMINATION OF A
CESSION AND PLEDGE ARRANGEMENT BY EXECUTIVE DIRECTOR


In compliance with the JSE Limited Listings Requirements, the
following information is disclosed:

Name of prescribed officer     : Mr P R Louw
Company                        : Remgro Limited
Nature of transactions         : Off market exercise of share
                                 appreciation rights (SARs) and
                                 rights with performance
                                 conditions to ordinary shares
                                 under the Share Appreciation
                                 Rights Plan (Performance SARs),
                                 as well as the subsequent on
                                 market sale of ordinary shares

Date of exercise of SARs       : 1 December 2023
Number and offer price of      : 20 301 @ R114.92
SARs exercised
Exercise price                 : R145.21
Total growth value of          : R614 964.35
exercise
Number of ordinary shares      : 4 235
received in respect of SARs
exercised


Date of exercise of            : 1 December 2023
Performance SARs
Percentage of awards vested    : 71% at 5 December 2022
Number and offer price of      : 10 988 @ R89.21
Performance SARs exercised
Exercise price                 : R144.98
Total growth value of          : R612 830.46
exercise
Number of ordinary shares      : 4 227
received in respect of
Performance SARs exercised

Date of sale of ordinary       : 1 December 2023
shares
Number of ordinary shares      : 8 462
sold
Selling price                  : R143.55 per share


Total value of ordinary          R1 214 720.10
shares sold


Nature of interest            : Direct beneficial
Clearance obtained            : Yes


Name of prescribed officer    : Mr P J Uys
Company                       : Remgro Limited
Nature of transactions        : Off market exercise of share
                                appreciation rights (SARs), as
                                well as the subsequent on
                                market sale of ordinary shares

Date of exercise of SARs      : 30 November 2023
Number and offer price of     : 91 463 @ R122.38
SARs exercised
Exercise price                : R144.45
Total growth value of         : R2 018 688.75
exercise
Number of ordinary shares     : 13 975
received in respect of SARs
exercised

Date of sale of ordinary      : 1 December 2023
shares
Number of ordinary shares     : 13 975
sold
Volume weighted average       : R144.36 per share
selling price
Highest price                 : R144.82 per share
Lowest price                  : R143.58 per share
Total value of ordinary       : R2 017 431.00
shares sold


Nature of interest            : Direct beneficial
Clearance obtained            : Yes


Name of director              :   Mr N Williams
Company                       :   Remgro Limited
Nature of transaction             Termination of a cession
                                  and pledge arrangement
Date of termination of        :   20 November 2023
cession and pledge
arrangement
Number of securities          :   34 499
released from cession
and pledge
Market value of               :   R4 932 322.03
securities released
from cession and
pledge*
Class of security             :   Ordinary shares
Nature of interest            :   Direct beneficial

*based on Remgro’s share price of R142.97 as at 20 November 2023

Stellenbosch
5 December 2023

Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.