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
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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.