Granted REIT status by the JSE

(Incorporated in the Republic of South Africa)

(Registration number: 2005/019302/06)

JSE share code: TEX ISIN: ZAE000190542

("Texton" or the "Company")

ACCEPTANCE BY DIRECTORS OF SHARES AWARDED IN TERMS OF THE TEXTON

CONDITIONAL SHARE PLAN

Texton has made the following awards of Performance and Retention Shares in terms of the Texton Property Fund Conditional Share Plan ("CSP), which comprises:"

  • Performance Shares; and
  • Retention Shares

Name of director

PM Hack

Type of director

Executive director

Nature of transaction

Off-market acceptance of Performance and Retention Shares

awarded in terms of the CSP

Date of award

30

June 2022

Date of acceptance of award

30

June 2022

Number of shares awarded

Performance Shares

41

184

Retention Shares

22

176

Per share value of award

R3.15

Vesting date

30

June 2024 (note 1)

Nate of interest

Direct beneficial

Name of director

HSP Welleman

Type of director

Executive director

Nature of transaction

Off-market acceptance of Performance and Retention Shares

awarded in terms of the CSP

Date of award

30

June 2022

Date of acceptance of award

30

June 2022

Number of shares awarded

Performance Shares

41

184

Retention Shares

22

176

Per share value of award

R3.15

Vesting date

30

June 2024 (note 1)

Nate of interest

Direct beneficial

Note 1 - This assumes the Performance Conditions have been deemed satisfied by the NRC. For clarification and avoidance of doubt, the Performance Shares shall be awarded on the later of - (a) the date that the NRC has determined the number of Performance Shares that will Vest in respect of the Award ; or (b) if the aforementioned date falls during a Prohibited Period, or on a date on which the acquisition or disposal of the Shares would be in contravention of any code adopted by the Company relating to dealings in securities by Directors, or be prohibited by insider trading legislation or any other legislation or regulations, then the Performance Shares shall vest on the first business day following the expiry of such event.

Clearance for the above was obtained in terms of paragraph 3.66 of the JSE limited Listing Requirements.

Sandton

30 June 2022

Sponsor

Investec Bank Limited

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Texton Property Fund Ltd. published this content on 30 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2022 16:02:08 UTC.