HYPROP INVESTMENTS LIMITED - Update to announcement of dealings in securities by a director of Hyprop

Update to announcement of dealings in securities by a director of Hyprop

HYPROP INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/005284/06)
JSE share code: HYP
ISIN: ZAE000190724
JSE bond issuer code: HYPI
(Approved as a REIT by the JSE)
(“Hyprop” or “the Company”)


UPDATE TO ANNOUNCEMENT OF DEALINGS IN SECURITIES BY A DIRECTOR OF HYPROP


Shareholders are referred to the announcements released on SENS on 30 June 2020 and 18 February 2021 (the “previous
announcements”) relating to the award and acceptance of shares offered under the Hyprop Conditional Unit Plan (“the
plan”) and are advised that the number of securities awarded to Morné Wilken has been reduced in line with the terms
of the plan which limit the maximum number of shares which may be allocated to an individual participant for any one
financial year. Shareholders are advised of the following updated information relating to the award of the shares 
offered under the plan to Morné Wilken and as accepted by him.

Name of director                          Morné C Wilken
Transaction date:                         30 June 2020
Award commencement date:                  1 July 2020
Class of securities:                      Ordinary shares
Number of securities:                     84 000 performance shares
                                          36 000 retention shares
Price per security:                       RNil
Total deemed value of transaction:        R2 486 973.60 being the total deemed value calculated using a volume
                                          weighted average price of R20.72478 per share over the 30 days prior to
                                          22 June 2020, being the last practical date prior to which the award was
                                          made and accepted
Vesting date:                             Performance shares (70%) on 30 June 2023, subject to performance
                                          conditions, and retention shares (30%) on 30 June 2025
Nature of transaction:                    Off-market acceptance of the shares offered in terms of the plan
Nature and extent of directors’ interest: Direct beneficial
Clearance to deal received:               Yes

4 June 2021


Sponsor
Java Capital

Date: 04-06-2021 05:05:00
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.