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SA CORPORATE REAL ESTATE LIMITED - Dealings in securities by directors and the company secretary

Release Date: 22/06/2017 10:19
Code(s): SAC     PDF:  
Wrap Text
Dealings in securities by directors and the company secretary

SA Corporate Real Estate Limited
(Incorporated in the Republic of South Africa)
Share Code: SAC ISIN Code: ZAE000203238
 (Registration number 2015/015578/06)
("SA Corporate")
REIT status approved

DEALING IN SECURITIES BY DIRECTORS AND THE COMPANY SECRETARY

In compliance with rule 3.63 of the JSE Listings Requirements, the following information is disclosed:

Name:                                                 T R Mackey
Office held:                                          Managing Director

Date of transaction (vesting date):                   19 June 2017
Number of forfeitable performance share awards:       776 061
Price per forfeitable performance share:              R5.566
Value of transaction:                                 R4 319 555.53
Nature of transaction:                                96.154% vesting of forfeitable performance shares in terms of
                                                      participation in 2014 in SA Corporate’s Forfeitable Share Plan
                                                      (off market)

Date of transaction:                                  19 June 2017
Number of shares:                                     349 227
Price per share:                                      R5.5738
Value of transaction:                                 R1 946 521.45
Nature of transaction:                                Sale of ordinary shares to cover tax expenses relating to the
                                                      vesting of the 2014 forfeitable performance shares (on the open
                                                      market)

Date of transaction:                                  15 June 2017
Number of forfeitable performance share awards:       709 920
Price per forfeitable performance share:              R5.67
Value of transaction:                                 R4 025 246.40
Nature of transaction:                                Grant and acceptance of forfeitable performance share awards
                                                      in terms of SA Corporate’s Forfeitable Share Plan (off market)
Vesting period:                                       100% by 14 June 2020 (3 years) subject to performance
                                                      conditions

Nature of interest:                                   Direct beneficial
Written clearance to deal received:                   Yes


Name:                                                 A Basson
Office held:                                          Financial Director

Date of transaction (vesting date):                   19 June 2017
Number of forfeitable performance share awards:       436 534
Vesting price per forfeitable performance share:      R5.566
Value of the transaction:                             R2 429 748.24
Nature of transaction:                                96.154% vesting of forfeitable performance shares in terms of
                                                      participation in 2014 in SA Corporate’s Forfeitable Share Plan
                                                      (off market)

Date of transaction:                                  19 June 2017
Number of shares:                                     196 440
Price per share:                                      R5.5738
Value of transaction:                                 R1 094 917.27
Nature of transaction:                                Sale of ordinary shares to cover tax expenses relating to the
                                                      vesting of the 2014 forfeitable performance shares (on the open
                                                      market)

Date of transaction:                                  15 June 2017
Number of forfeitable performance share awards:       407 610
Price per forfeitable performance share:              R5.67
Value of transaction:                                 R2 311 148.70
Nature of transaction:                                Grant and acceptance of forfeitable performance share awards
                                                      in terms of SA Corporate’s Forfeitable Share Plan (off market)
Vesting period:                                       100% by 14 June 2020 (3 years) subject to performance
                                                      conditions

Nature of interest:                                   Direct beneficial
Written clearance to deal received:                   Yes


Name:                                                 B Swanepoel
Office held:                                          Company Secretary

Date of transaction (vesting date):                   19 June 2017
Number of forfeitable performance share awards:       86 940
Price per forfeitable performance share:              R5.566
Value of the transaction:                             R483 908.04
Nature of transaction:                                96.154% vesting of forfeitable performance shares in terms of
                                                      participation in 2014 in SA Corporate’s Forfeitable Share Plan
                                                      (off market)

Date of transaction:                                  19 June 2017
Number of shares:                                     39 123
Price per share:                                      R5.5738
Value of transaction:                                 R218 063.78
Nature of transaction:                                Sale of ordinary shares to cover tax expenses relating to the
                                                      vesting of the 2014 forfeitable performance shares (on the open
                                                      market)

Date of transaction:                                  15 June 2017
Number of forfeitable performance share awards:       98 729
Price per forfeitable performance share:              R5.67
Value of transaction:                                 R559 793.43
Nature of transaction:                                Grant and acceptance of forfeitable performance share awards
                                                      in terms of SA Corporate’s Forfeitable Share Plan (off market)
Vesting period:                                       100% by 14 June 2020 (3 years) subject to performance
                                                      conditions

Nature of interest:                                   Direct beneficial
Written clearance to deal received:                   Yes



Cape Town
22 June 2017

Sponsor
Nedbank Corporate and Investment Banking

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