Sharenet Sites 
Sharenet Sites
Vesting, Exercise and Related Settlement 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”)
VESTING, EXERCISE AND RELATED SETTLEMENT OF AWARDS IN TERMS OF THE
SPEAR REIT LIMITED CONDITIONAL SHARE PLAN
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the vesting and exercise of awards in terms of the Spear REIT
Limited Conditional Shares Plan (“CSP”) by directors and a prescribed officer of the Company
are disclosed to shareholders.
Upon the vesting and exercise of the awards, Spear elected to settle some of these awards
on an after-tax net equity settlement basis, through the award of ordinary shares as detailed
below:
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 Vesting of awards and related after-tax
net-equity settlement to the director at the
closing share price on 30 June 2023 of
R7.20 (Off-market transaction)
NUMBER OF SECURITIES 220 000
DATE OF AWARD 1 July 2019
VESTING DATE 30 June 2023
SETTLEMENT DATE 3 July 2023
AWARD STRIKE PRICE Nil
DEEMED PRICE PER SECURITY R7.20
(being the closing share price on the
vesting date of 30 June 2023)
TOTAL DEEMED RAND VALUE OF R1 584 000.00
SECURITIES TRANSACTED
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
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Vesting of awards and related after-tax
net-equity settlement to the director at the
closing share price on 30 June 2023 of
R7.20 (off-market transaction)
NUMBER OF SECURITIES 220 000
DATE OF AWARD 1 July 2019
VESTING DATE 30 June 2023
SETTLEMENT DATE 3 July 2023
AWARD STRIKE PRICE Nil
DEEMED PRICE PER SECURITY R7.20
(being the closing share price on the
vesting date of 30 June 2023)
TOTAL DEEMED RAND VALUE OF R1 584 000.00
SECURITIES TRANSACTED
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE 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 Vesting of awards and related after-tax
net-equity settlement to the prescribed
officer at the closing share price on
30 June 2023 of R7.20 (off-market
transaction)
NUMBER OF SECURITIES 221 413
DATE OF AWARD 1 July 2019
VESTING DATE 30 June 2023
SETTLEMENT DATE 3 July 2023
AWARD STRIKE PRICE Nil
DEEMED PRICE PER SECURITY R7.20
(being the closing share price on the
vesting date of 30 June 2023)
NUMBER OF SECURITIES 221 413
TOTAL DEEMED RAND VALUE OF R1 594 173.60
SECURITIES TRANSACTED
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
3 July 2023
Sponsor
PSG Capital
Date: 03-07-2023 03:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
