SA CORPORATE REAL ESTATE LIMITED - CANCELLATION OF S401151 Dealing in securities by directors

Release Date: 21/06/2018 13:54
Code(s): SAC
 
Wrap Text
CANCELLATION OF S401151 Dealing in securities by directors

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

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):                   18 June 2018
Number of forfeitable performance share awards:       541 164
Price per forfeitable performance share:              R4.5872
Value of transaction:                                 R2 482 428
Nature of transaction:                                69.5% vesting of forfeitable performance shares in terms of
                                                      participation in 2014 in SA Corporate’s Forfeitable Share Plan
                                                      (off market)

Date of transaction:                                  19 & 20 June 2018
Number of shares:                                     249 116
Price per share:                                      R4.4842
Value of transaction:                                 R1 117 094.85
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:                                  18 June 2018
Number of forfeitable performance share awards:       944 248
Price per forfeitable performance share:              R4.54
Value of transaction:                                 R4 286 886
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 2021 (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):                   18 June 2018
Number of forfeitable performance share awards:       308 625
Vesting price per forfeitable performance share:      R4.5872
Value of the transaction:                             R1 415 724
Nature of transaction:                                70.4% vesting of forfeitable performance shares in terms of
                                                      participation in 2014 in SA Corporate’s Forfeitable Share Plan
                                                      (off market)

Date of transaction:                                  19 & 20 June 2018
Number of shares:                                     142 070
Price per share:                                      R4.4842
Value of transaction:                                 R637 076.57
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:                                  18 June 2018
Number of forfeitable performance share awards:       542 153
Price per forfeitable performance share:              R4.54
Value of transaction:                                 R2 461 375
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 2021 (3 years) subject to
                                                      performance conditions

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


Cape Town
21 June 2018

Sponsor
Nedbank Corporate and Investment Banking

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