SPEAR REIT LIMITED - Acceptance of Awards in Terms of the Spear Reit Limited Conditional Share Plan

Acceptance of Awards in Terms of the Spear Reit Limited Conditional Share Plan

SPEAR REIT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2015/407237/06)
Share code: SEA
ISIN: ZAE000228995
(Approved as a REIT by the JSE)
(“Spear” or “the Company”)

ACCEPTANCE OF AWARDS IN TERMS OF THE SPEAR REIT LIMITED CONDITIONAL
SHARE PLAN

ACCEPTANCE OF AWARDS BY DIRECTORS IN TERMS OF THE SPEAR REIT
CONDITIONAL SHARE PLAN (“CSP”)

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 Spear shares is
disclosed:

1.
NAME OF DIRECTOR                                Quintin Michael Rossi

COMPANY OF WHICH A DIRECTOR                     Spear REIT Limited

STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive Director

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 March 2018 (1)
                                                1 July 2018 (2)

AWARD DATE                                      1 March 2018 (1)
                                                1 July 2018 (2)

AWARD PRICE PER SECURITY                        Zero cost

NUMBER OF AWARDS ACCEPTED                       400 000 (1)
                                                400 000 (2)

DEEMED VALUE                                    3 820 000 (1)
                                                4 200 000 (2)
 
VESTING DATES OF AWARDS                         30 June 2021 (1)
                                                30 June 2022 (2)

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 Director

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 March 2018 (1)
                                                1 July 2018 (2)

AWARD DATE                                      1 March 2018 (1)
                                                1 July 2018 (2)

AWARD PRICE PER SECURITY                        Zero cost

NUMBER OF AWARDS ACCEPTED                       400 000 (1)
                                                400 000 (2)

DEEMED VALUE                                    3 820 000 (1)
                                                4 200 000 (2)
 
VESTING DATES OF AWARDS                         30 June 2021 (1)
                                                30 June 2022 (2)

NATURE AND EXTENT OF INTEREST IN                Direct, beneficial
THE TRANSACTION

Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.

Cape Town
24 October 2018

Sponsor
PSG Capital

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