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Dealings in securities
LIBERTY TWO DEGREES LIMITED
(Registration number: 2018/388906/06)
JSE share code: L2D
ISIN: ZAE000260576
(“L2D” or “the Company”)
GRANT AND ACCEPTANCE OF SHARE AWARDS BY THE EXECUTIVE DIRECTORS AND THE
COMPANY SECRETARY
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, L2D hereby
announces that the Directors and Company Secretary of the Company have been granted, and has
accepted, share awards in terms of L2D’s Long-Term Incentive Plan (“the LTIP”).
L2D’s Remuneration Committee approved the following share awards:
Director (Chief Executive) Amelia Beattie
Acceptance date 11 March 2020
Number of securities 863 558
Nature of transaction Off-market award and acceptance of share awards in
terms of the LTIP
Vesting periods One-third after 3 years, another one-third after 4
years and the balance after 5 years subject to
performance conditions
Price per share * R5.79
Total value of transaction R5 000 000.82
Nature and extent of interest Indirect beneficial, via L2D’s Restricted Share Plan
Trust
Clearance obtained Yes
Director (Chief Executive) Amelia Beattie
Acceptance date 11 March 2020
Number of securities 152 850
Nature of transaction Off-market award and acceptance of share awards in
respect of a portion of short-term incentive
remuneration being deferred and converted into
restricted shares in terms of the LTIP
Vesting periods One-third after 18 months, another one-third after 30
months and the balance after 42 months. No
conditionality applies
Price per share * R5.79
Total value of transaction R885 001.50
Nature and extent of interest Indirect beneficial, via L2D’s Restricted Share Plan
Trust
Clearance obtained Yes
Director (Financial Director) José Richard Snyders
Acceptance date 11 March 2020
Number of securities 561 313
Nature of transaction Off-market award and acceptance of share awards in
terms of the LTIP
Vesting periods One-third after 3 years, another one-third after 4
years and the balance after 5 years subject to
performance conditions
Price per share * R5.79
Total value of transaction R3 250 002.27
Nature and extent of interest Indirect beneficial, via L2D’s Restricted Share Plan
Trust
Clearance obtained Yes
Director (Financial Director) José Richard Snyders
Acceptance date 11 March 2020
Number of securities 77 720
Nature of transaction Off-market award and acceptance of share awards in
respect of a portion of short-term incentive
remuneration being deferred and converted into
restricted shares in terms of the LTIP
Vesting periods One-third after 18 months, another one-third after 30
months and the balance after 42 months. No
conditionality applies
Price per share * R5.79
Total value of transaction R449 998.80
Nature and extent of interest Indirect beneficial, via L2D’s Restricted Share Plan
Trust
Clearance obtained Yes
Company Secretary Ben Swanepoel
Acceptance date 11 March 2020
Number of securities 129 534
Nature of transaction Off-market award and acceptance of share awards in
terms of the LTIP
Vesting periods One-third after 3 years, another one-third after 4
years and the balance after 5 years subject to
performance conditions
Price per share * R5.79
Total value of transaction R750 001.86
Nature and extent of interest Indirect beneficial, via L2D’s Restricted Share Plan
Trust
Clearance obtained Yes
Company Secretary Ben Swanepoel
Acceptance date 11 March 2020
Number of securities 6 045
Nature of transaction Off-market award and acceptance of share awards in
respect of a portion of short-term incentive
remuneration being deferred and converted into
restricted shares in terms of the LTIP
Vesting periods One-third after 18 months, another one-third after 30
months and the balance after 42 months. No
conditionality applies
Price per share * R5.79
Total value of transaction R35 000.55
Nature and extent of interest Indirect beneficial, via L2D’s Restricted Share Plan
Trust
Clearance obtained Yes
* The price per share is the closing price of the L2D ordinary share on 6 March 2020.
Johannesburg
11 March 2020
Sponsor:
The Standard Bank of South Africa Limited
Investor Relations
Gareth Rees
Contact number: 011 448 6804
Date: 11-03-2020 03:00:00
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