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HYPROP INVESTMENTS LIMITED - Dealings in securities by directors of Hyprop

Release Date: 21/06/2017 10:30
Code(s): HYP     PDF:  
Wrap Text
Dealings in securities by directors of Hyprop

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


DEALINGS IN SECURITIES BY DIRECTORS OF HYPROP


Shareholders are advised of the following information relating to the award and acceptance of shares offered under
the Hyprop Conditional Unit Plan (“the plan”):

Name of director:                                Pieter Prinsloo
Transaction date:                                20 June 2017
Award Date:                                      1 July 2017
Class of securities:                             Ordinary shares
Number of securities:                            24 415
Price per security:                              RNil
Total deemed value of transaction:               R2 937 856.95, being the total deemed value calculated using a volume
                                                 weighted average price of R120.33 per share over the 30 days prior to
                                                 19 June 2017, being the last practical date prior to which the offer was
                                                 made and accepted
Vesting date:                                    70% on 30 June 2020, subject to performance conditions; and the
                                                 balance on 30 June 2022
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

Name of director:                                Laurence Cohen
Transaction date:                                20 June 2016
Award Date:                                      1 July 2016
Class of securities:                             Ordinary shares
Number of securities:                            13 154
Price per security:                              RNil
Total deemed value of transaction:               R1 582 820.82, being the total deemed value calculated using a volume
                                                 weighted average price of R120.33 per share over the 30 days prior to
                                                 19 June 2017, being the last practical date prior to which the offer was
                                                 made and accepted
Vesting date:                                    70% on 30 June 2020, subject to performance conditions; and the
                                                 balance on 30 June 2022
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

21 June 2017


Sponsor
Java Capital

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