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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
LEI: 378900F76170CCB33C50
Approved as a REIT by the JSE
(“Spear” or “the Company”)
ACCEPTANCE OF AWARDS IN TERMS OF THE SPEAR REIT LIMITED 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, in terms of the Spear CSP, by directors and
prescribed officers of Spear are 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 Spear CSP
AWARD DATE 23 May 2023
DATE OF ACCEPTANCE OF AWARDS 23 May 2023
NUMBER OF AWARDS ACCEPTED 620 000 restricted conditional awards
280 000 performance conditional awards
AWARD STRIKE PRICE Zero cost
TOTAL DEEMED VALUE OF AWARDS R6 471 000
ACCEPTED Based on the share price at closing on the day prior
to the date of acceptance of R7.19
VESTING DATE OF AWARDS 22 May 2027
NATURE AND EXTENT OF INTEREST IN THE Direct, beneficial
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 Spear CSP
AWARD DATE 23 May 2023
DATE OF ACCEPTANCE OF AWARDS 23 May 2023
NUMBER OF AWARDS ACCEPTED 400 000 restricted conditional awards
280 000 performance conditional awards
AWARD STRIKE PRICE Zero cost
TOTAL DEEMED VALUE OF AWARDS R4 889 200
ACCEPTED Based on the share price at closing on the day prior
to the date of acceptance of R7.19
VESTING DATE OF AWARDS 22 May 2027
NATURE AND EXTENT OF INTEREST IN THE Direct, beneficial
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 Spear CSP
AWARD DATE 23 May 2023
DATE OF ACCEPTANCE OF AWARDS 23 May 2023
NUMBER OF AWARDS ACCEPTED 120 000 restricted conditional awards
280 000 performance conditional awards
AWARD STRIKE PRICE Zero cost
TOTAL DEEMED VALUE OF AWARDS R2 876 000
ACCEPTED Based on the share price at closing on the day prior
to the date of acceptance of R7.19
VESTING DATE OF AWARDS 22 May 2027
NATURE AND EXTENT OF INTEREST IN THE Direct, beneficial
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 Spear CSP
AWARD DATE 23 May 2023
DATE OF ACCEPTANCE OF AWARDS 23 May 2023
NUMBER OF AWARDS ACCEPTED 75 000 restricted conditional awards
175 000 performance conditional awards
AWARD STRIKE PRICE Zero cost
TOTAL DEEMED VALUE OF AWARDS R1 797 500
ACCEPTED Based on the share price at closing on the day prior
to the date of acceptance of R7.19
VESTING DATE OF AWARDS 22 May 2027
NATURE AND EXTENT OF INTEREST IN THE Direct, beneficial
TRANSACTION
Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements.
Cape Town
23 May 2023
Sponsor
PSG Capital
Date: 23-05-2023 03:30:00
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