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REUNERT:  7,168   +8 (+0.11%)  17/01/2025 19:14

REUNERT LIMITED - Dealings in securities

Release Date: 17/01/2025 17:30
Code(s): RLO     PDF:  
Wrap Text
Dealings in securities

REUNERT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1913/004355/06)
ISIN: ZAE000057428
JSE and A2X share code: RLO
("Reunert" or the "Company" or the "Group")

DEALINGS IN SECURITIES

Reunert shareholders ("Shareholders") are advised of the following transactions by directors of
ATC Proprietary Limited, a major subsidiary of the Company ("Officers").

Vesting of awards in terms of the Reunert Conditional Share Plan 2019 ("CSP") and subsequent
sale of vested ordinary shares in the Company ("Shares")

Shareholders are advised of the:

•   Shares vested in the Officers in terms of the CSP, pursuant to the performance awards allocated
    in September 2020, valued at R79.6898 per Share, being the 20-day volume weighted average
    price ("VWAP") as at 20 November 2024 ("Share Price"); and

•   subsequent sale of all or a portion of the vested Shares by Officers, in accordance with the normal
    administrative processes of the CSP, wholly or partially in settlement of tax obligations, on
    25 November 2024, on-market, at a price equal to the Share Price.

    Officer          Number of vested       Value of vested      Number of sale         Value of sale
                               Shares                Shares              Shares                Shares
    L Corte                    41 000            R3 267 282              19 065            R1 519 286
    A Pooe                     20 500            R1 633 641               9 533              R759 683

The nature and extent of the interest of the above Officers is direct beneficial and the prescribed
clearance to trade was received.

Allocation of awards

In accordance with the rules of the CSP ("Rules"), the allocation of awards as set out in the table below
was approved on 27 November 2024 on behalf of the Company's Remuneration Committee. The CSP
awards detailed below may entitle Officers to Shares in the future, to the extent that employment and
performance conditions are met over a 4-year period.

The nature and extent of the interest of the Officers is direct beneficial. The following CSP awards were
allocated to, and accepted by, Officers, off-market, and the prescribed clearance to trade was received:

    Participant                       CSP awards – subject to         Indicative transaction value*
                                   conditions measured over a         based on the Company's 20-day
                                                4-year period           VWAP as at 20 November 2024
                                                                              of R79.6898 per Share
    L Corte                                            25 000                            R1 992 245
    A Pooe                                              7 300                              R581 736
    C Botha                                             7 300                              R581 736

* The transaction value relating to the CSP awards is indicative only, as vesting is subject to certain
conditions. The actual transaction values will only be determinable when the CSP awards vest, in
accordance with the Rules, at the end of the relevant period.


Sandton
17 January 2025

Sponsor
One Capital

Date: 17-01-2025 05:30:00
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