RCL Foods director accepts shares under appreciation rights scheme

RCL Foods Limited (JSE: RCL) announced that director Paul David Cruickshank accepted 41,588 ordinary shares on April 8, 2025. The transaction was executed off-market, relating to share appreciation rights awarded under the RCL Foods Limited Share Appreciation Rights Scheme. The price per share was ZAR9.56, resulting in a total transaction value of ZAR397,581.28. The nature of the interest is direct beneficial. Clearance for the transaction has been obtained. The price per share is based on the 5-day VWAP (volume-weighted average price) on the date of delivery. RAND MERCHANT BANK, a division of FirstRand Bank Limited, acted as the sponsor for the transaction.