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Dealings in securities by directors, by directors of a major subsidiary and by the company secretary
RFG HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2012/074392/06)
JSE share code: RFG
ISIN: ZAE000191979
DEALINGS IN SECURITIES BY DIRECTORS, BY DIRECTORS OF A MAJOR SUBSIDIARY AND BY
THE COMPANY SECRETARY
In compliance with the JSE Limited Listings Requirements, the following information is disclosed in relation
to the acceptance of Share Appreciation Rights ("SARs") allocated under the Rhodes Food Group 2015
Share Plan ("Plan") on 1 December 2020 ("Allocation Date").
Director : BAS Henderson
Company : RFG Holdings Limited
Date of transaction : 3 December 2020
Nature of transaction : Off market acceptance of SARs granted to the director
under the terms of the Plan
Class of securities : SARs in respect of ordinary shares
Number of SARs granted : 140 304
SARs allocation price* : R12.44
Total value of transaction : R1 745 381.76
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : WP Hanekom
Company : RFG Holdings Limited
Date of transaction : 1 December 2020
Nature of transaction : Off market acceptance of SARs granted to the director
under the terms of the Plan
Class of securities : SARs in respect of ordinary shares
Number of SARs granted : 83 946
SARs allocation price : R12.44
Total value of transaction : R1 044 288.24
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : CC Schoombie
Company : RFG Holdings Limited
Date of transaction : 1 December 2020
Nature of transaction : Off market acceptance of SARs granted to the director
under the terms of the Plan
Class of securities : SARs in respect of ordinary shares
Number of SARs granted : 75 033
SARs allocation price : R12.44
Total value of transaction : R933 410.52
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : J Mpele
Company : Rhodes Food Group Proprietary Limited, a major
subsidiary of RFG Holdings Limited
Date of transaction : 1 December 2020
Nature of transaction : Off market acceptance of SARs granted to the director
under the terms of the Plan
Class of securities : SARs in respect of ordinary shares
Number of SARs granted : 51 819
SARs allocation price : R12.44
Total value of transaction : R644 628.36
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : C Mareka
Company : Rhodes Food Group Proprietary Limited, a major
subsidiary of RFG Holdings Limited
Date of transaction : 1 December 2020
Nature of transaction : Off market acceptance of SARs granted to the director
under the terms of the Plan
Class of securities : SARs in respect of ordinary shares
Number of SARs granted : 54 405
SARs allocation price : R12.44
Total value of transaction : R676 798.20
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : C Costaras
Company : Rhodes Food Group Proprietary Limited, a major
subsidiary of RFG Holdings Limited
Date of transaction : 1 December 2020
Nature of transaction : Off market acceptance of SARs granted to the director
under the terms of the Plan
Class of securities : SARs in respect of ordinary shares
Number of SARs granted : 61 051
SARs allocation price : R12.44
Total value of transaction : R759 474.44
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : B Lakey**
Company : Rhodes Food Group Proprietary Limited, a major
subsidiary of RFG Holdings Limited
Date of transaction : 1 December 2020
Nature of transaction : Off market acceptance of SARs granted to the director
under the terms of the Plan
Class of securities : SARs in respect of ordinary shares
Number of SARs granted : 45 132
SARs allocation price : R12.44
Total value of transaction : R561 442.08
Nature of interest : Direct beneficial
Clearance obtained : Yes
* Allocation price per SARs is based on a 10-day VWAP ended 27 November 2020.
** B Lakey is also the Company Secretary of RFG Holdings Limited.
• The vesting of the SARs is subject to certain conditions, including continued employment and the
satisfaction of certain performance criteria.
• To the extent that the employment and performance criteria are met, the SARs will vest as follows:
o One third on the third anniversary of the Allocation Date.
o One third on the fourth anniversary of the Allocation Date.
o The balance on the fifth anniversary of the Allocation Date.
Groot Drakenstein
4 December 2020
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 04-12-2020 09:00:00
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