SPEAR REIT LIMITED SPEAR REIT LIMITED
(Incorporated in the Republic of South Africa) (Registration number 2015/407237/06) Share Code: SEA
ISIN: ZAE000228995
LEI: 378900F76170CCB33C50 Approved as a REIT by the JSE
("Spear" or "the Company")
DEALING IN SECURITIES BY DIRECTORS AND PRESCRIBED OFFICERS: ACCEPTANCE OF AWARDS AND SHARE VESTING
ACCEPTANCE OF AWARDS BY DIRECTORS AND PRESCRIBED OFFICERS IN TERMS OF THE SPEAR REIT LIMITED CONDITIONAL SHARE PLAN
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information regarding the acceptance of conditional awards of performance and retention Spear shares in terms of the Spear Conditional Share Plan ("CSP") is disclosed:
1.
NAME OF DIRECTOR | Quintin Michael Rossi |
COMPANY OF WHICH A DIRECTOR | Spear REIT Limited |
STATUS: EXECUTIVE/NON-EXECUTIVE | Executive |
TYPE AND CLASS OF SECURITIES | Ordinary shares |
NATURE OF TRANSACTION | Off-market acceptance of conditional |
awards in terms of the CSP | |
DATE OF ACCEPTANCE OF AWARDS | 1 July 2022 |
AWARD DATE | 1 July 2022 |
AWARD PRICE PER SECURITY (CENTS) | Zero cost |
NUMBER OF AWARDS ACCEPTED | 400 000 |
DEEMED VALUE | R3,040,000 |
VESTING DATES OF AWARDS | 30 June 2026 |
NATURE AND EXTENT OF INTEREST IN | Direct, beneficial |
THE TRANSACTION | |
2.
NAME OF DIRECTOR | Christiaan Barnard |
COMPANY OF WHICH A DIRECTOR | Spear REIT Limited |
STATUS: EXECUTIVE/NON-EXECUTIVE | Executive |
TYPE AND CLASS OF SECURITIES | Ordinary shares |
NATURE OF TRANSACTION | Off-market acceptance of conditional |
awards in terms of the CSP | |
DATE OF ACCEPTANCE OF AWARDS | 1 July 2022 |
AWARD DATE | 1 July 2022 |
AWARD PRICE PER SECURITY (CENTS) | Zero cost |
NUMBER OF AWARDS ACCEPTED | 400 000 |
DEEMED VALUE | R3,040,000 |
VESTING DATES OF AWARDS | 30 June 2026 |
NATURE AND EXTENT OF INTEREST IN | Direct, beneficial |
THE TRANSACTION | |
3. | |
NAME OF PRESCRIBED OFFICER | Clifford Wade Toerien |
COMPANY OF WHICH A PRESCRIBED | Spear REIT Limited |
OFFICER | |
TYPE AND CLASS OF SECURITIES | Ordinary shares |
NATURE OF TRANSACTION | Off-market acceptance of conditional |
awards in terms of the CSP | |
DATE OF ACCEPTANCE OF AWARDS | 1 July 2022 |
AWARD DATE | 1 July 2022 |
AWARD PRICE PER SECURITY (CENTS) | Zero cost |
NUMBER OF AWARDS ACCEPTED | 400 000 |
DEEMED VALUE | R3,040,000 |
VESTING DATES OF AWARDS | 30 June 2026 |
NATURE AND EXTENT OF INTEREST IN | Direct, beneficial |
THE TRANSACTION | |
4.
NAME OF PRESCRIBED OFFICER | Kim Pfaff-Karg |
COMPANY OF WHICH A PRESCRIBED | Spear REIT Limited |
OFFICER | |
TYPE AND CLASS OF SECURITIES | Ordinary shares |
NATURE OF TRANSACTION | Off-market acceptance of conditional |
awards in terms of the CSP | |
DATE OF ACCEPTANCE OF AWARDS | 1 July 2022 |
AWARD DATE | 1 July 2022 |
AWARD PRICE PER SECURITY (CENTS) | Zero cost |
NUMBER OF AWARDS ACCEPTED | 200 000 |
DEEMED VALUE | R1,520,000 |
VESTING DATES OF AWARDS | 30 June 2026 |
NATURE AND EXTENT OF INTEREST IN | Direct, beneficial |
THE TRANSACTION | |
VESTING OF AWARDS TO DIRECTORS AND PRESCRIBED OFFICER IN TERMS OF THE SPEAR REIT LIMITED CONDITIONAL SHARE PLAN
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following information regarding the vesting of performance and retention Spear shares in terms of the CSP:
1.
NAME OF DIRECTOR | Quintin Michael Rossi |
COMPANY OF WHICH A DIRECTOR | Spear REIT Limited |
STATUS: EXECUTIVE/NON-EXECUTIVE | Executive |
TYPE AND CLASS OF SECURITIES | Ordinary shares |
NATURE OF TRANSACTION | Off-market vesting of shares obtained in |
terms of the CSP | |
DATE OF AWARD | 1 July 2018 |
PRICE PER SECURITY (CENTS) | 760 |
NUMBER OF SECURITIES | 219 579 |
TOTAL RAND VALUE OF SECURITIES R1,668,800.40
TRANSACTED
DATE OF TRANSACTION | 01 July 2022 |
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
2.
NAME OF DIRECTOR | Christiaan Barnard |
COMPANY OF WHICH A DIRECTOR | Spear REIT Limited |
STATUS: EXECUTIVE/NON-EXECUTIVE | Executive |
TYPE AND CLASS OF SECURITIES | Ordinary shares |
NATURE OF TRANSACTION | Off-market vesting of shares obtained in |
terms of the Spear CSP Scheme | |
DATE OF AWARD | 1 July 2018 |
PRICE PER SECURITY (CENTS) | 760 |
NUMBER OF SECURITIES | 219 579 |
TOTAL RAND VALUE OF SECURITIES | R1,668,800.40 |
TRANSACTED | |
DATE OF TRANSACTION | 01 July 2022 |
NATURE AND EXTENT OF INTEREST IN | Direct, beneficial |
THE TRANSACTION | |
3.
NAME OF PRESCRIBED OFFICER | Clifford Wade Toerien |
COMPANY OF WHICH A PRESCRIBED | Spear REIT Limited |
OFFICER | |
TYPE AND CLASS OF SECURITIES | Ordinary shares |
NATURE OF TRANSACTION | Off-market vesting of shares obtained in |
terms of the Spear CSP Scheme | |
DATE OF AWARD | 1 July 2018 |
PRICE PER SECURITY (CENTS) | 760 |
NUMBER OF SECURITIES | 221 375 |
TOTAL RAND VALUE OF SECURITIES | R1,682,450 |
TRANSACTED | |
DATE OF TRANSACTION | 01 July 2022 |
NATURE AND EXTENT OF INTEREST IN | Direct, beneficial |
THE TRANSACTION | |
The date of vesting was 30 June 2022. Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements.
Cape Town
1 July 2022
Sponsor
PSG Capital
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Spear REIT Ltd. published this content on 01 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 July 2022 15:32:09 UTC.
