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Acceptance of awards by executive directors, prescribed officers and company secretary
Remgro Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/006415/06)
(ISIN: ZAE000026480)
(JSE and A2X Share code: REM)
("Remgro" or "the Company")
DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS, PRESCRIBED OFFICERS AND THE
COMPANY SECRETARY
In compliance with paragraphs 3.63 to 3.65 of the JSE Limited Listings
Requirements, the following information is disclosed.
The Executive Directors and Prescribed officers of Remgro have traded the
first tranche of the 2021 ordinary shares with performance conditions under
the Conditional Share Plan ("Performance CSPs"), the second tranche of the
2020 Performance CSP's as well as the third tranche of the 2019 Performance
CSPs, allocated on 5 December 2021 and 5 December 2020, which vested on 5
December 2024.
The Company Secretary of Remgro has traded the first tranche of the 2021
Retention Conditional Share Plan Awards ("Retention CSPs"), the second
tranche of the 2020 Retention CSPs and the third tranche of the 2019
Retention CSPs, allocated on 5 December 2021 and 5 December 2020, which
vested on 5 December 2024.
The vesting of the awards was subject to the satisfaction of the Performance
Conditions, where applicable, and the Employment Conditions as determined
by the Remuneration and Nomination Committee. The Performance Conditions
comprise the achievement of certain Company financial measures, which
include Growth in Intrinsic Net Asset Value, Growth in Free Cash Flow at
the Centre, Environmental, Social & Governance measures, as well as non-
financial Individual Performance Conditions.
1. Dealings in securities by Executive Directors and Prescribed Officers
Director : Mr J J Durand
Company : Remgro Limited
Nature of transactions : Off-market vesting of Performance
CSPs and the subsequent on-market
sale of a portion of the shares
to settle the tax liability.
Date of award : 5 December 2020
Vesting period : 4 years from date of award
Date of vesting : 5 December 2024
Percentage of award vested : 71%
Annual number of vested awards : 60 070
*Vesting price : R153.69
Total value of vested awards : R9 232 158.30
Date of sale of shares : 5 December 2024
Number of shares sold : 58 796
Class of securities : Ordinary shares
Volume weighted average sale price : 158.95
Highest sale price : 159.87
Lowest sale price : 158.73
Total value of transaction : R9 345 624.20
Date of sale of shares : 5 December 2024
Number of shares sold : 558
Class of securities : Ordinary shares
Volume weighted average sale price : 159.25
Highest sale price : 159.87
Lowest sale price : 158.73
Total value of transaction : R88 861.50
Number of vested shares retained : 716
Date of award : 5 December 2020
Vesting period : 4 years from date of award
Date of vesting : 5 December 2024
Percentage of award vested : 73%
Annual number of vested awards : 61 770
*Vesting price : R153.69
Total value of vested awards : R9 493 431.30
Date of sale of shares : 5 December 2024
Number of shares sold : 60 459
Class of securities : Ordinary shares
Volume weighted average sale price : 158.95
Highest sale price : 159.87
Lowest sale price : 158.73
Total value of transaction : R9 609 958.05
Date of sale of shares : 5 December 2024
Number of shares sold : 574
Class of securities : Ordinary shares
Volume weighted average sale price : 159.25
Highest sale price : 159.87
Lowest sale price : 158.73
Total value of transaction : R91 409.50
Date of shares transferred : 5 December 2024
Number of shares transferred : 737
Class of securities : Ordinary shares
Deemed transfer price* : 159.25
Deemed value of transaction : R117 367.25
Date of award : 5 December 2021
Vesting period : 3 years from date of award
Date of vesting : 5 December 2024
Percentage of award vested : 89.02%
Annual number of vested awards : 57 626
*Vesting price : R153.69
Total value of vested awards : R8 856 539.94
Date of sale of shares : 5 December 2024
Number of shares sold : 56 393
Class of securities : Ordinary shares
Volume weighted average sale price : 158.95
Highest sale price : 159.87
Lowest sale price : 158.73
Total value of transaction : R8 963 667.35
Date of sale of shares : 5 December 2024
Number of shares sold : 539
Class of securities : Ordinary shares
Volume weighted average sale price : 159.25
Highest sale price : 159.87
Lowest sale price : 158.73
Total value of transaction : R85 835.75
Number of vested shares retained : 694
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Mr N J Williams
Company : Remgro Limited
Nature of transactions : Off-market vesting of Performance
CSPs and the subsequent on-market
sale of shares.
Date of award : 5 December 2020
Vesting period : 4 years from date of award
Date of vesting : 5 December 2024
Percentage of award vested : 71%
Annual number of vested awards : 18 399
*Vesting price : R153.69
Total value of vested awards : R2 827 742.31
Date of sale of shares : 5 December 2024
Number of shares sold : 18 399
Class of securities : Ordinary shares
Volume weighted average sale price : 158.95
Highest sale price : 159.87
Lowest sale price : 158.73
Total value of transaction : R2 924 521.05
Date of award : 5 December 2020
Vesting period : 4 years from date of award
Date of vesting : 5 December 2024
Percentage of award vested : 73%
Annual number of vested awards : 18 921
*Vesting price : R153.69
Total value of vested awards : R2 907 968.49
Date of sale of shares : 5 December 2024
Number of shares sold : 18 921
Class of securities : Ordinary shares
Volume weighted average sale price : 158.95
Highest sale price : 159.87
Lowest sale price : 158.73
Total value of transaction : R3 007 492.95
Date of award : 5 December 2021
Vesting period : 3 years from date of award
Date of vesting : 5 December 2024
Percentage of award vested : 89.02%
Annual number of vested awards : 17 659
*Vesting price : R153.69
Total value of vested awards : R2 714 011.71
Date of sale of shares : 5 December 2024
Number of shares sold : 17 659
Class of securities : Ordinary shares
Volume weighted average sale price : 158.95
Highest sale price : 159.87
Lowest sale price : 158.73
Total value of transaction : R2 806 898.05
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Ms M Lubbe
Company : Remgro Limited
Nature of transactions : Off-market vesting of Performance
CSPs and the subsequent on-market
sale of a portion of the shares
to settle the tax liability.
Date of award : 5 December 2020
Vesting period : 4 years from date of award
Date of vesting : 5 December 2024
Percentage of award vested : 71%
Annual number of vested awards : 9 972
*Vesting price : R153.69
Total value of vested awards : R1 532 596.68
Date of sale of shares : 5 December 2024
Number of shares sold : 4 350
Class of securities : Ordinary shares
Volume weighted average sale price : 159.25
Highest sale price : 159.87
Lowest sale price : 158.73
Total value of transaction : R692 737.50
Number of vested shares retained : 5 622
Date of award : 5 December 2020
Vesting period : 4 years from date of award
Date of vesting : 5 December 2024
Percentage of award vested : 73%
Annual number of vested awards : 12 186
*Vesting price : R153.69
Total value of vested awards : R1 872 866.34
Date of sale of shares : 5 December 2024
Number of shares sold : 5 317
Class of securities : Ordinary shares
Volume weighted average sale price : 159.25
Highest sale price : 159.87
Lowest sale price : 158.73
Total value of transaction : R846 732.25
Number of vested shares retained : 6 869
Date of award : 5 December 2021
Vesting period : 3 years from date of award
Date of vesting : 5 December 2024
Percentage of award vested : 89.02%
Annual number of vested awards : 11 375
*Vesting price : R153.69
Total value of vested awards : R1 748 223.75
Date of sale of shares : 5 December 2024
Number of shares sold : 4 962
Class of securities : Ordinary shares
Volume weighted average sale price : 159.25
Highest sale price : 159.87
Lowest sale price : 158.73
Total value of transaction : R790 198.50
Number of vested shares retained : 6 413
Nature of interest : Direct beneficial
Clearance obtained : Yes
Prescribed officer : Mr P R Louw
Company : Remgro Limited
Nature of transactions : Off-market vesting of
Performance CSPs and the
subsequent on-market sale of a
portion of the shares to settle
the tax liability.
Off-market exercise of
Performance SARs and the
subsequent on-market sale of a
portion of the shares to settle
the tax liability.
Date of award : 5 December 2020
Vesting period : 4 years from date of award
Date of vesting : 5 December 2024
Percentage of award vested : 71%
Annual number of vested awards : 11 847
*Vesting price : R153.69
Total value of vested awards : R1 820 765.43
Date of sale of shares : 5 December 2024
Number of shares sold : 5 168
Class of securities : Ordinary shares
Volume weighted average sale price : 159.25
Highest sale price : 159.87
Lowest sale price : 158.73
Total value of transaction : R823 004.00
Number of vested shares retained : 6 679
Date of award : 5 December 2020
Vesting period : 4 years from date of award
Date of vesting : 5 December 2024
Percentage of award vested : 73%
Annual number of vested awards : 12 186
*Vesting price : R153.69
Total value of vested awards : R1 872 866.34
Date of sale of shares : 5 December 2024
Number of shares sold : 5 317
Class of securities : Ordinary shares
Volume weighted average sale price : 159.25
Highest sale price : 159.87
Lowest sale price : 158.73
Total value of transaction : R846 732.25
Number of vested shares retained : 6 869
Date of award : 5 December 2021
Vesting period : 3 years from date of award
Date of vesting : 5 December 2024
Percentage of award vested : 89.02%
Annual number of vested awards : 11 375
*Vesting price : R153.69
Total value of vested awards : R1 748 223.75
Date of sale of shares : 5 December 2024
Number of shares sold : 11 130
Class of securities : Ordinary shares
Volume weighted average sale price : 158.95
Highest sale price : 159.87
Lowest sale price : 158.73
Total value of transaction : R1 769 113.50
Date of sale of shares : 5 December 2024
Number of shares sold : 107
Class of securities : Ordinary shares
Volume weighted average sale price : 159.25
Highest sale price : 159.87
Lowest sale price : 158.73
Total value of transaction : R17 039.75
Number of vested shares retained : 138
Date of exercise of Performance SARs : 6 December 2024
Percentage of awards vested : 71% at 5 December 2024
Number and offer price of : 10 988 @ R89.21
Performance SARs exercised
Exercise price : R155.35
Total growth value of exercise : R726 882.65
Number of shares received in respect : 4 679
of Performance SARs exercised
Date of sale of shares : 6 December 2024
Number of shares sold : 2 059
Class of securities : Ordinary shares
Volume weighted average sale price : 159.59
Highest sale price : 160.01
Lowest sale price : 159.00
Total value of transaction : R328 595.81
Number of vested shares transferred : 2 620
Date of exercise of Performance SARs : 6 December 2024
Percentage of awards vested : 73% at 5 December 2024
Number and offer price of : 11 302 @ R89.69
Performance SARs exercised
Exercise price : R155.35
Total growth value of exercise : R742 106.95
Number of shares received in respect : 4 777
of Performance SARs exercised
Date of sale of shares : 6 December 2024
Number of shares sold : 2 103
Class of securities : Ordinary shares
Volume weighted average sale price : 159.59
Highest sale price : 160.01
Lowest sale price : 159.00
Total value of transaction : R335 617.77
Number of vested shares retained : 2 674
Date of exercise of Performance SARs : 6 December 2024
Percentage of awards vested : 89.02% at 5 December 2024
Number and offer price of : 10 622 @ R121.63
Performance SARs exercised
Exercise price : R155.35
Total growth value of exercise : R358 237.10
Number of shares received in respect : 2 306
of Performance SARs exercised
Date of sale of shares : 6 December 2024
Number of shares sold : 1 015
Class of securities : Ordinary shares
Volume weighted average sale price : 159.59
Highest sale price : 160.01
Lowest sale price : 159.00
Total value of transaction : R161 983.85
Number of vested shares retained : 1 291
Nature of interest : Direct beneficial
Clearance obtained : Yes
Prescribed officer : Mr P J Uys
Company : Remgro Limited
Nature of transactions : Off-market vesting of Performance
CSPs and the subsequent on-market
sale of a portion of the shares
to settle the tax liability.
Date of award : 5 December 2020
Vesting period : 4 years from date of award
Date of vesting : 5 December 2024
Percentage of award vested : 71%
Annual number of vested awards : 22 478
*Vesting price : R153.69
Total value of vested awards : R3 454 643.82
Date of sale of shares : 5 December 2024
Number of shares sold : 9 594
Class of securities : Ordinary shares
Volume weighted average sale price : 159.25
Highest sale price : 159.87
Lowest sale price : 158.73
Total value of transaction : R1 527 844.50
Number of vested shares retained : 12 884
Date of award : 5 December 2020
Vesting period : 4 years from date of award
Date of vesting : 5 December 2024
Percentage of award vested : 73%
Annual number of vested awards : 23 116
*Vesting price : R153.69
Total value of vested awards : R3 552 698.04
Date of sale of shares : 5 December 2024
Number of shares sold : 9 867
Class of securities : Ordinary shares
Volume weighted average sale price : 159.25
Highest sale price : 159.87
Lowest sale price : 158.73
Total value of transaction : R1 571 319.75
Number of vested shares retained : 13 249
Date of award : 5 December 2021
Vesting period : 3 years from date of award
Date of vesting : 5 December 2024
Percentage of award vested : 89.02%
Annual number of vested awards : 21 560
*Vesting price : R153.69
Total value of vested awards : R3 313 556.40
Date of sale of shares : 5 December 2024
Number of shares sold : 21 098
Class of securities : Ordinary shares
Volume weighted average sale price : 158.95
Highest sale price : 159.87
Lowest sale price : 158.73
Total value of transaction : R3 353 527.10
Number of vested shares retained : 462
Nature of interest : Direct beneficial
Clearance obtained : Yes
2. Dealings in securities by Company Secretary
Company Secretary : Mr L J Joubert
Company : Remgro Limited
Nature of transactions : Off-market vesting of awards in
terms of the Retention CSPs and
shares received pursuant to the
Grindrod unbundling as well as the
subsequent on-market sale of a
portion of the shares to settle
the tax liability.
Date of award : 5 December 2020
Vesting period : 4 years from date of awards
Date of vesting : 5 December 2024
Number of awards vested : 7 427
*Vesting price : R153.69
Total value of vested awards : R1 141 455.63
Date of sale of shares : 5 December 2024
Number of shares sold : 3 242
Class of securities : Ordinary shares
Volume weighted average sale price : 159.25
Highest sale price : 159.87
Lowest sale price : 158.73
Total value of transaction : R516 288.50
Number of vested shares retained : 4 185
Date of award : 5 December 2021
Vesting period : 3 years from date of award
Date of vesting : 5 December 2024
Number of awards vested : 2 843
*Vesting price : R153.69
Total value of vested awards : R436 940.67
Date of sale of shares : 5 December 2024
Number of shares sold : 1 240
Class of securities : Ordinary shares
Volume weighted average sale price : 159.25
Highest sale price : 159.87
Lowest sale price : 158.73
Total value of transaction : R197 470.00
Date of shares transferred : 5 December 2024
Number of shares transferred : 1 603
Class of securities : Ordinary shares
Deemed transfer price* : 159.25
Deemed value of transaction : R255 277.75
Date of award : 12 October 2022
Vesting period : 2 years from date of award
Date of vesting : 5 December 2024
Number of awards vested : 225
*Vesting price : R153.69
Total value of vested awards : R34 580.25
Date of sale of shares : 5 December 2024
Number of shares sold : 99
Class of securities : Ordinary shares
Volume weighted average sale price : 159.25
Highest sale price : 159.87
Lowest sale price : 158.73
Total value of transaction : R15 765.75
Number of vested shares retained : 126
Date of award : 5 December 2023
Vesting period : 1 years from date of award
Date of vesting : 5 December 2024
Number of awards vested : 1 230
*Vesting price : R153.69
Total value of vested awards : R189 038.70
Date of sale of shares : 5 December 2024
Number of shares sold : 537
Class of securities : Ordinary shares
Volume weighted average sale price : 159.25
Highest sale price : 159.87
Lowest sale price : 158.73
Total value of transaction : R85 517.25
Number of vested shares retained : 693
Nature of interest : Direct beneficial
Clearance obtained : Yes
* based on the 5 day Volume Weighted Average Remgro share price as at close
of business 4 December 2024.
Stellenbosch
11 December 2024
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 12-12-2024 07:05:00
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