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GROWTHPOINT PROPERTIES LIMITED - Dealing in securities by Growthpoint executives of a major subsidiary

Release Date: 29/11/2013 15:00
Code(s): GRT     PDF:  
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Dealing in securities by Growthpoint executives of a major subsidiary

Growthpoint Properties Limited



REIT Status Approved



(Incorporated in the Republic of South Africa)



Registration number 1987/004988/06



ISIN: ZAE000179420



JSE Share code: GRT



("Growthpoint”)







DEALING IN SECURITIES BY GROWTHPOINT EXECUTIVES OF A MAJOR SUBSIDIARY







In compliance with the JSE Limited Listings Requirements, the following information



is disclosed:







Executive of a Subsidiary                : Mr Stephanus le Roux



Company                                  : Growthpoint Properties Limited



Subsidiary Company                         Growthpoint Management Services (Pty) Ltd



Date of transaction                      : 28 November 2013



Nature of transaction                    : On-market sale of 40 % of ordinary shares



                                           pursuant to the exercise on



                                           27 November 2013 of 41,250 nil cost



                                           options awarded on 1 September 2009,



                                           46,369 nil cost options  awarded on



                                           1 September 2010, 25,281 nil cost options



                                           awarded on 1 September 2011 and 16,063 nil



                                           cost options awarded on 1 September 2013



                                           in terms of the Growthpoint Staff



                                           Incentive Scheme



Number of securities                     : 51,584



Class of securities                      : Ordinary Shares



Volume-weighted average purchase price   : R24.28



Total value of transaction               : R1,252,459.52



Nature of interest                       : Direct, beneficial



Clearance obtained                       : Yes







Executive of a Subsidiary                : Mr Stephanus le Roux



Company                                  : Growthpoint Properties Limited



Subsidiary Company                         Growthpoint Management Services (Pty) Ltd



Date of transaction                      : 28 November 2013



Nature of transaction                    : Off-market   acquisition of 60% of



                                           ordinary shares pursuant to the exercise



                                           on 27 November 2013 of 41,250 nil cost



                                           options awarded on 1 September 2009,



                                           46,369 nil cost options awarded on



                                           1 September 2010, 25,281 nil cost options



                                           awarded on 1 September 2011 and



                                           16,063 nil cost options awarded on



                                           1 September 2013 in terms of the



                                           Growthpoint Staff Incentive Scheme



Number of securities                     : 77,379



Class of securities                      : Ordinary Shares



Volume-weighted average purchase price   : R24.28



Total value of transaction               : R1,878,762.12



Nature of interest                       : Direct, beneficial



Clearance obtained                       : Yes







Executive of Subsidiary                  : Mr Bongani Phakati



Company                                  : Growthpoint Properties Limited



Subsidiary Company                         Growthpoint Management Services (Pty) Ltd



Date of transaction                      : 28 November 2013



Nature of transaction                    : On-market sale of ordinary shares pursuant



                                           to the exercise on 28 November 2013 of



                                           15,526 nil cost options awarded on



                                           1 April 2009, 6,759 nil cost options



                                           awarded on 1 September 2011 and 5,192 nil



                                           cost options awarded on 1 September 2013



                                           in terms of the Growthpoint Staff



                                           Incentive Scheme



Number of securities                     : 27,477



Class of securities                      : Ordinary Shares



Volume-weighted average purchase price   : R24.50



Total value of transaction               : R673,186.50



Nature of interest                       : Direct, beneficial



Clearance obtained                       : Yes











Sandton







29 November 2013



Sponsor: Investec Bank Limited




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