Wrap Text
Availability of integrated report, notice of AGM, distribution declaration, board changes, director's dealings
LIGHTHOUSE PROPERTIES p.l.c.
(Registered in Malta)
(Registration number: C 100848)
JSE share code: LTE
ISIN: MU0461N00015
LEI: 549300UG27SWRF0X2U62
("Lighthouse" or the "Company")
AVAILABILITY OF INTEGRATED REPORT, NOTICE OF ANNUAL GENERAL MEETING, DISTRIBUTION DECLARATION, CHANGES TO
THE BOARD AND DIRECTORS’ DEALINGS IN SECURITIES OF THE COMPANY
AVAILABILITY OF INTEGRATED REPORT AND NOTICE OF ANNUAL GENERAL MEETING
Shareholders are advised that the Company’s integrated report ("Integrated Report"), incorporating the audited
financial statements for the year ended 31 December 2022, on which the Company’s auditors,
PricewaterhouseCoopers Inc., have expressed an unmodified audit opinion have been published and can be viewed
on the Company’s website at https://www.lighthouse.mt/financials/.
The Integrated Report includes a notice of annual general meeting ("AGM"), which is expected to be held at 10:00
am (Malta time) on Wednesday, 26 April 2023. The Integrated Report will be posted to shareholders on or about
Tuesday, 28 March 2023. The last day to trade to receive notice of, participate in and vote at the AGM is
Wednesday, 22 March 2023, and the record date for voting purposes is Monday, 27 March 2023.
The Lighthouse investor presentation is scheduled for 09:00 am (South African time) on Wednesday, 22 March
2023. Refer to https://www.lighthouse.mt/timetable/ for a link to register to attend the presentation.
DISTRIBUTION DECLARATION
Shareholders are advised that on 17 March 2023, the Board approved a final distribution in respect of the 6-month
period ended 31 December 2022, in terms of which shareholders will be offered an option to receive the final
distribution as a scrip distribution of 1,6250 EUR cents per Lighthouse share ("Scrip Distribution"), with an
alternative cash distribution option of 1,4625 EUR cents per Lighthouse share ("Cash Distribution").
A circular to shareholders in respect of the election being offered to shareholders to receive the Scrip Distribution,
or elect to receive the Cash Distribution, together with an election form, will be posted to shareholders in due
course. Further information in this regard with the salient dates will be communicated to shareholders.
CHANGES TO THE BOARD
Shareholders are advised that Mr. Barry Stuhler resigned as independent non-executive director, chairperson of
the Remuneration Committee and member of the Investment and Nomination Committees with effect from
17 March 2023. Mr. Stuart Bird will replace him as a member of the Nomination Committee and as the chairperson
of the Remuneration Committee. Mr. Desmond de Beer has been appointed as a member of the Remuneration
Committee.
Mr Stuhler’s depth of property experience and independent and lucid thinking has been invaluable to the board’s
decision-making process and will be missed. The board would like to thank him for his dedicated service over
many years.
DIRECTORS’ DEALINGS IN SECURITIES OF THE COMPANY
Shareholders are advised of the following information regarding the award to and acceptance of forfeitable shares
in terms of the Lighthouse incentive plan ("Incentive Plan") by directors of Lighthouse:
Name of director: Justin J. Muller
Transaction date: 17 March 2023
Class of securities: Ordinary shares
Number of securities: 562 109
Price per security: ZAR 6,52
Total value: ZAR 3,664,950.68
Nature of transaction: Award of forfeitable shares in terms of the Lighthouse
Incentive Plan
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of director: Edward R. Mc Donald
Transaction date: 17 March 2023
Class of securities: Ordinary shares
Number of securities: 163 462
Price per security: ZAR 6,52
Total value: ZAR 1,065,772.24
Nature of transaction: Award of forfeitable shares in terms of the Lighthouse
Incentive Plan
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
Name of director: Jacobus F. van Biljon
Transaction date: 17 March 2023
Class of securities: Ordinary shares
Number of securities: 422 447
Price per security: ZAR 6,52
Total value: ZAR 2,754,354.44
Nature of transaction: Award of forfeitable shares in terms of the Lighthouse
Incentive Plan
Nature and extent of director’s interest: Direct beneficial
Clearance to deal received: Yes
An additional 519 870 forfeitable shares have been awarded to Lighthouse senior management in terms of the
Lighthouse Incentive Plan. The forfeitable shares awarded in terms of the Lighthouse Incentive Plan will vest after
a period of 3 years and will be listed on the Main Board of the JSE at commencement of trade on Thursday,
23 March 2023. The forfeitable shares will be pledged in favour of the Company until the vesting date.
Following the issue of the new shares, Lighthouse has a total of 1,698,644,096 shares in issue.
17 March 2023
JSE sponsor and corporate advisor
Java Capital
Tel: +27 11 722 3050
Company Secretary
Stonehage Fleming Malta Limited is a member of the Stonehage Fleming Group of Companies
Tel: +356 2144 6377
Date: 20-03-2023 07:06:00
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