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Dealings in securities by directors, the company secretary and a prescribed officer and director major subsidiary
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" or "the Company")
DEALINGS IN SECURITIES BY DIRECTORS, THE COMPANY SECRETARY AND
A PRESCRIBED OFFICER OF SA CORPORATE AND A DIRECTOR OF A MAJOR
SUBSIDIARY OF SA CORPORATE
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, a prescribed officer and a director of a major
subsidiary of SA Corporate, Afhco Holdings (Pty) Ltd:
Name: A M Basson
Designation: Director
Nature of interest: Direct beneficial
Date of transaction: 24 June 2021
Number of forfeitable performance share awards: 197,239
Vesting price per forfeitable performance share: R2.2100
Value of the transaction: R435 909.86
Nature of transaction: 36.4% of forfeitable performance
shares in terms of participation in
2018 in SA Corporate's Forfeitable
Share Plan (off market) vested on
17 June 2021 and transferred to
participant on 24 June 2021.
Date of transaction: 25 June 2021
Number of forfeitable performance share awards: 1,354,115
Price per forfeitable performance share: R2.1341
Value of transaction: R2 889 791.00
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 17 June 2024
subject to performance conditions.
Date of transaction: 24 June 2021
Number of matched share awards: 25,759
Price per matched share: R2.2100
Value of transaction: R56 929.04
Nature of transaction: One-third of matched shares
awarded in 2017 in terms of
participation in SA Corporate's
Forfeitable Share Plan (off market)
vested on 18 June 2021 and
transferred to participant on 24
June 2021.
Date of transaction: 25 June 2021
Number of matched share awards: 18,506
Price per matched share: R2.057
Value of transaction: R38 057.59
Nature of transaction: One-third of matched shares
awarded in 2017 in terms of
participation in SA Corporate's
Forfeitable Share Plan (off market)
vested on 25 June 2021 and to be
transferred to participant on 28
June 2021.
Date of transaction: 25 June 2021
Number of forfeitable performance share awards: 120,752
Price per forfeitable performance share: R2.1341
Value of transaction: R257 694.59
Nature of transaction: Grant and acceptance of matched
shares awarded in terms of SA
Corporate's Forfeitable Share Plan
(off market)
Vesting period: One-third of the matched share
awards vesting between the 24
June 2024 to 24 June 2026 subject
to continued employment.
Name: T R Mackey
Designation: Director
Nature of interest: Direct beneficial
Date of transaction: 24 June 2021
Number of forfeitable performance share awards: 339,776
Vesting price per forfeitable performance share: R2.2100
Value of the transaction: R750 926.81
Nature of transaction: 36.0% of forfeitable performance
shares in terms of participation in
2018 in SA Corporate's Forfeitable
Share Plan (off market) vested on
17 June 2021 and transferred to
participant on 24 June 2021
Date of transaction: 25 June 2021
Number of forfeitable performance share awards: 3,026,283
Price per forfeitable performance share: R2.1341
Value of transaction: R6 458 333.00
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 17 June 2024
subject to performance conditions
Name: J Grove
Designation: Company Secretary
Nature of interest: Direct beneficial
Date of transaction: 25 June 2021
Number of forfeitable performance share awards: 226,483
Price per forfeitable performance share: R2.1341
Value of transaction: R483 333.00
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 17 June 2024
subject to performance conditions.
Name: O Tshabalala
Designation: Prescribed Officer
Nature of interest: Direct beneficial
Date of transaction: 25 June 2021
Number of forfeitable performance share awards: 1,815,770
Price per forfeitable performance share: R2.1341
Value of transaction: R3 875 000.00
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 17 June 2024
subject to performance conditions.
Name: K van der Heever
Designation: Director of a major subsidiary
Nature of interest: Direct beneficial
Date of transaction: 24 June 2021
Number of forfeitable performance share awards: 42,052
Vesting price per forfeitable performance share: R2.2100
Value of the transaction: R92 937.72
Nature of transaction: 35.2% of forfeitable performance
shares in terms of participation in
2018 in SA Corporate's Forfeitable
Share Plan (off market) vested on
17 June 2021 and transferred to
participant on 24 June 2021.
Date of transaction: 25 June 2021
Number of forfeitable performance share awards: 296,742
Price per forfeitable performance share: R2.1341
Value of transaction: R633 272.00
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 17 June 2024
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.
25 June 2021
Cape Town
Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 25-06-2021 04:05:00
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