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SA CORPORATE REAL ESTATE LIMITED - Dealings in securities

Release Date: 21/06/2023 11:38
Code(s): SAC     PDF:  
Wrap Text
Dealings in securities

SA Corporate Real Estate Limited
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
Share code: SAC ISIN: ZAE000203238
(Approved as a REIT by the JSE)
("SA Corporate")

DEALINGS IN SECURITIES

In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements, SA Corporate hereby
announces the following transactions in securities by directors of SA Corporate, the Company Secretary, and a
director of a major subsidiary of SA Corporate, Afhco Holdings (Pty) Ltd:

 Name and Surname:                                    TR Mackey
 Designation:                                         Director
 Nature of interest:                                  Direct beneficial
 Date of transaction:                                 19 June 2023
 Number of forfeitable performance share awards:      1 689 427
 Vesting price per forfeitable performance share:     R 1.8254
 Value of the transaction:                            R 3 083 880.05
 Nature of transaction:                               88.1% of forfeitable performance shares in terms of
                                                      participation in 2020 in SA Corporate's Forfeitable
                                                      Share Plan (off market) vested and transferred to the
                                                      participant on 19 June 2023.

 Date of transaction:                                 19 June 2023
 Number of forfeitable performance share awards:      3 919 084
 Price per forfeitable performance share:             R 1.8254
 Value of the transaction:                            R 7 153 895.93
 Nature of transaction:                               Grant and acceptance of forfeitable performance share
                                                      awards in terms of SA Corporate's Forfeitable Share
                                                      Plan (off market).
 Vesting period:                                      Vesting date of 18 June 2026 subject to performance
                                                      conditions.

 Name and Surname:                                    SY Moodley
 Designation:                                         Director
 Nature of interest:                                  Direct beneficial
 Date of transaction:                                 19 June 2023
 Number of forfeitable performance share awards:      1 968 555
 Price per forfeitable performance share:             R 1.8254
 Value of the transaction:                            R 3 593 400.30
 Nature of transaction:                               Grant and acceptance of forfeitable performance share
                                                      awards in terms of SA Corporate's Forfeitable Share
                                                      Plan (off market).
 Vesting period:                                      Vesting date of 18 June 2026 subject to performance
                                                      conditions.

 Name and Surname:                                    NNN Radebe
 Designation:                                         Director
 Nature of interest:                                  Direct beneficial
 Date of transaction:                                 19 June 2023
 Number of forfeitable performance share awards:      2 191 301
 Price per forfeitable performance share:             R 1.8254
 Value of the transaction:                            R 4 000 000.85
 Nature of transaction:                               Grant and acceptance of forfeitable performance share
                                                      awards in terms of SA Corporate's Forfeitable Share
                                                      Plan (off market).
 Vesting period:                                      Vesting date of 18 June 2026 subject to performance
                                                      conditions.

 Name and Surname:                                    K van den Heever
 Designation:                                         Director of major subsidiary
 Nature of interest:                                  Direct beneficial
 Date of transaction:                                 19 June 2023
 Number of forfeitable performance share awards:      497 168
 Vesting price per forfeitable performance share:     R 1.8254
 Value of the transaction:                            R 907 530.47
 Nature of transaction:                               86.2% of forfeitable performance shares in terms of
                                                      participation in 2020 in SA Corporate's Forfeitable
                                                      Share Plan (off market) vested and transferred to the
                                                      participant on 19 June 2023.

 Date of transaction:                                 19 June 2023
 Class of securities:                                 Ordinary shares
 Number of shares:                                    223 726
 Price per share:                                     R 2.0300
 Value of the transaction:                            R 454 163.78
 Nature of transaction:                               On-market sale of ordinary shares to settle tax
                                                      obligations arising from the vesting of Mr Van den
                                                      Heever’s 2020 forfeitable performance shares.

 Date of transaction:                                 19 June 2023
 Number of forfeitable performance share awards:      1 073 052
 Price per forfeitable performance share:             R 1.8254
 Value of the transaction:                            R 1 958 749.12
 Nature of transaction:                               Grant and acceptance of forfeitable performance share
                                                      awards in terms of SA Corporate's Forfeitable Share
                                                      Plan (off market)
 Vesting period:                                      Vesting date of 18 June 2026 subject to performance
                                                      conditions.

 Name and Surname:                                    J Grove
 Designation:                                         Company Secretary
 Nature of interest:                                  Direct beneficial
 Date of transaction:                                 19 June 2023
 Number of forfeitable performance share awards:      428 737
 Price per forfeitable performance share:             R 1.8254
 Value of the transaction:                            R 782 616.52
 Nature of transaction:                               Grant and acceptance of forfeitable performance share
                                                      awards in terms of SA Corporate's Forfeitable Share
                                                      Plan (off market)
 Vesting period:                                      Vesting date of 18 June 2026 subject to performance
                                                      conditions.


In terms of paragraph 3.66 of the Listings Requirements, the necessary clearance to deal has been obtained for
all the transactions set out above.

21 June 2023
Johannesburg

Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 21-06-2023 11:38:00
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