HYPROP INVESTMENTS LIMITED - Dealings in securities by a director of Hyprop

Release Date: 25/06/2018 10:45
Code(s): HYP
 
Wrap Text
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
(Approved as a REIT by the JSE)
(“Hyprop”)


DEALINGS IN SECURITIES BY A DIRECTOR OF HYPROP


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

Name of director:                           Pieter Prinsloo
Transaction date:                           23 June 2018
Award Date:                                 1 July 2018
Class of securities:                        Ordinary shares
Number of securities:                       29 715
Price per security:                         RNil
Total deemed value of transaction:          R3 114 429,15, being the total deemed value calculated using a volume
                                            weighted average price of R104.81 per share over the 30 days prior to
                                            19 June 2018, being the last practical date prior to which the offer was
                                            made and accepted
Vesting date:                               70% on 30 June 2021, subject to performance conditions; and 30% on
                                            30 June 2023 subject to retention conditions.
Nature of transaction:                      Off-market acceptance of the shares allocated in terms of the plan
Nature and extent of directors’ interest:   Direct beneficial
Clearance to deal received:                 Yes

25 June 2018


Sponsor
Java Capital

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