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RMIH:  2,821   0 (0.00%)  01/01/1970 00:00

RAND MERCHANT INVESTMENT HOLDINGS LIMITED - Dealing in securities by the Company

Release Date: 11/10/2021 17:20
Code(s): RMI     PDF:  
Wrap Text
Dealing in securities by the Company

Rand Merchant Investment Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2010/005770/06)
ISIN: ZAE000210688
JSE ordinary share code: RMI
("RMI" or "the Company")

DEALING IN SECURITIES BY THE COMPANY

As announced on 24 March 2021, RMI bought call options to hedge the
forfeitable share awards issued to participants to the RMI share incentive
scheme. RMI has now exercised a portion of these call options and
extended the remaining balance.

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

Company                          : RMI
Date of original transaction     : 19 March 2021
Nature of original transaction   : Off-market acquisition of RMI
                                   call options
Class and number of securities   : Call options on 1 001 021 RMI
acquired                           ordinary shares
Original spot reference          : 3 057.38 cents per RMI ordinary
                                   share
Original premium per option      : 3 051.884 cents per RMI
                                   ordinary share
Original premium paid            : R30 550 000
Strike price                     : 0.01 cents per RMI ordinary
                                   share
Expiry reference price           : Arithmetic average of the
                                   closing price for 5 days up to
                                   and including the expiry date
Number of call options           : Call options on 54 477 RMI
exercised                          ordinary shares
Cash settlement received on      : R2 024 686.73
call options exercised
Number of call options           : Call options on 946 544 RMI
extended                           ordinary shares
Premium received on call         : R104 119.84
options extended
New expiry date                  : 13 October 2022
Date of cash receipt             : 7 October 2021
Nature of interest               : Direct beneficial
Clearance obtained               : Yes

Rosebank
11 October 2021

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

Date: 11-10-2021 05:20:00
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