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Dealings in Securities
LIBERTY TWO DEGREES LIMITED
Incorporated in the Republic of South Africa
(Registration number 2018/388906/06)
(Approved as a REIT by the JSE)
Share code: L2D ISIN: ZAE000260576
(“L2D” or “the Company”)
DEALINGS IN SECURITIES
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited (“JSE”) Listings Requirements, L2D hereby
announces the following transactions for the directors of the Company in terms of L2D’s Restricted Share
Plan (“the RSP”).
Director (Chief Executive) Amelia Beattie
Date of award 1 March 2019
Vesting date 1 September 2022
Date of transaction 5 September 2022
Number of securities 47 638 ordinary shares
Nature of transaction Off-market vesting of restricted share awards in respect
of the third and final tranche of short-term incentive
remuneration, being deferred and converted into
restricted shares in terms of the RSP.
Vesting periods One-third after 18 months, another one-third after
30 months and the balance after 42 months. No
performance conditionality applies.
Price per share* R4.20
Total value of transaction R200 079.60
Nature and extent of interest Direct beneficial
Director (Chief Executive) Amelia Beattie
Date of award 1 March 2020
Vesting date 1 September 2022
Date of transaction 5 September 2022
Number of securities 50 944 ordinary shares
Nature of transaction Off-market vesting of restricted share awards in respect
of the second tranche of short-term incentive
remuneration, being deferred and converted into
restricted shares in terms of the RSP.
Vesting periods One-third after 18 months, another one-third after
30 months and the balance after 42 months. No
performance conditionality applies.
Price per share* R4.20
Total value of transaction R213 964.80
Nature and extent of interest Direct beneficial
Director (Chief Executive) Amelia Beattie
Date of award 1 March 2021
Vesting date 1 September 2022
Date of transaction 5 September 2022
Number of securities 18 633 ordinary shares
Nature of transaction Off-market vesting of restricted share awards in respect
of the first tranche of short-term incentive remuneration,
being deferred and converted into restricted shares in
terms of the RSP.
Vesting periods One-third after 18 months, another one-third after
30 months and the balance after 42 months. No
performance conditionality applies.
Price per share* R4.20
Total value of transaction R78 258.60
Nature and extent of interest Direct beneficial
Income tax on the above three transactions has been paid by Amelia Beattie, and no shares were sold to
cover the income tax liability.
Director (Financial Director) José Richard Snyders
Date of award 1 September 2017
Vesting date 1 September 2022
Date of transaction 5 September 2022
Number of securities 81 482 ordinary shares
Nature of transaction Off-market vesting of restricted share awards in respect
of the third and final tranche of share awards made on
appointment to L2D.
Vesting periods One-third after 36 months, another third after 48 months
and the balance after 60 months. No performance
conditionality applies.
Price per share* R4.20
Total value of transaction R342 224.40
Nature and extent of interest Direct beneficial
Director (Financial Director) José Richard Snyders
Date of award 1 March 2019
Vesting date 1 September 2022
Date of transaction 5 September 2022
Number of securities 28 375 ordinary shares
Nature of transaction Off-market vesting of restricted share awards in respect
of the third and final tranche of short-term incentive
remuneration, being deferred and converted into
restricted shares in terms of the RSP.
Vesting periods One-third after 18 months, another one-third after
30 months and the balance after 42 months. No
performance conditionality applies.
Price per share* R4.20
Total value of transaction R119 175.00
Nature and extent of interest Direct beneficial
Director (Financial Director) José Richard Snyders
Date of award 1 March 2020
Vesting date 1 September 2022
Date of transaction 5 September 2022
Number of securities 25 904 ordinary shares
Nature of transaction Off-market vesting of restricted share awards in respect
of the second tranche of short-term incentive
remuneration, being deferred and converted into
restricted shares in terms of the RSP.
Vesting periods One-third after 18 months, another one-third after
30 months and the balance after 42 months. No
performance conditionality applies.
Price per share* R4.20
Total value of transaction R108 796.80
Nature and extent of interest Direct beneficial
Director (Financial Director) José Richard Snyders
Date of award 1 March 2021
Vesting date 1 September 2022
Date of transaction 5 September 2022
Number of securities 13 947 ordinary shares
Nature of transaction Off-market vesting of restricted share awards in respect
of the first tranche of short-term incentive remuneration
being deferred and converted into restricted shares in
terms of the RSP.
Vesting periods One-third after 18 months, another one-third after
30 months and the balance after 42 months. No
performance conditionality applies.
Price per share* R4.20
Total value of transaction R58 577.40
Nature and extent of interest Direct beneficial
Director (Financial Director) José Richard Snyders
Date of transaction 5 September 2022
Number of securities 69 067 ordinary shares
Nature of transaction On-market sale to cover the income tax liability from the
vesting of the restricted share awards.
Volume weighted average price per share R4.1137
Lowest selling price R4.10
Highest Selling price R4.26
Total value of transaction R284 120.92
Nature and extent of interest Direct beneficial
Following the off-market vesting of the restricted share awards and the on-market sale of ordinary shares
to settle income tax liabilities, Mr José Richard Snyders received the following number of shares.
Director (Financial Director) José Richard Snyders
Date of transaction 5 September 2022
Number of securities 82 339 ordinary shares
Nature of transaction Off-market receipt of ordinary shares.
Price per share Nil
Total value of transaction Not applicable
Nature and extent of interest Direct beneficial
Company Secretary Benjamin Swanepoel
Date of award 1 March 2020
Vesting date 1 September 2022
Date of transaction 5 September 2022
Number of securities 2 014 ordinary shares
Nature of transaction Off-market vesting of restricted share awards in respect
of the second tranche of short-term incentive
remuneration being deferred and converted into
restricted shares in terms of the RSP.
Vesting periods One-third after 18 months, another one-third after
30 months and the balance after 42 months. No
performance conditionality applies.
Price per share* R4.20
Total value of transaction R8 458.80
Nature and extent of interest Direct beneficial
Company Secretary Benjamin Swanepoel
Date of transaction 5 September 2022
Number of securities 930 ordinary shares
Nature of transaction On-market sale to cover the income tax liability from the
vesting of the restricted share awards.
Volume average weighted price per share R4.1137
Lowest selling price R4.10
Highest selling price R4.26
Total value of transaction R3 825.74
Nature and extent of interest Direct beneficial
Following the off-market vesting of the restricted share awards and the on-market sale of ordinary shares
to settle the income tax liability described in the two transactions immediately above, Mr Benjamin
Swanepoel received the following number of shares.
Company Secretary Benjamin Swanepoel
Date of transaction 5 September 2022
Number of securities 1 108 ordinary shares
Nature of transaction Off-market receipt of ordinary shares.
Price per share Nil
Total value of transaction Not applicable
Nature and extent of interest Direct beneficial
* The price per share is the closing price of an L2D ordinary share on Wednesday, 31 August 2022.
Clearance to trade for all of the above transactions was obtained in terms of paragraph 3.66 of the JSE
Listings Requirements.
Johannesburg
6 September 2022
Sponsor
Merchantec Capital
Investor Relations
Sumenthree Moodley
Contact number: 011 358 9171
Date: 06-09-2022 04:30:00
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