CITY LODGE HOTELS LIMITED - Dealings in Securities: Grant and Acceptance of Conditional Awards Under the City Lodge Hotels Limited CSP

Dealings in Securities: Grant and Acceptance of Conditional Awards Under the City Lodge Hotels Limited CSP

City Lodge Hotels Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1986/002864/06)
ISIN Code: ZAE000117792
Share Code: CLH
"City Lodge" or "the Company"


DEALINGS IN SECURITIES: GRANT AND ACCEPTANCE OF CONDITIONAL AWARDS UNDER THE
CITY LODGE HOTELS LIMITED CONDITIONAL SHARE PLAN 2021 ("CSP")


In compliance with paragraph 3.63 - 3.74 (both inclusive) of the Listings Requirements of the
JSE Limited ("JSE"), shareholders are advised that the executive directors and company
secretary have been granted, and have accepted, conditional share awards in terms of the
CSP in respect of the 2024 financial year as detailed below.

Vesting of the conditional shares is subject to performance and settlement conditions and
post-vesting holding periods.

The conditional awards have been awarded at the 20-day VWAP as at 30 October 2023 of
R4.35 ("deemed price").


Award and acceptance date:                       31 October 2023
Deemed price:                                    R4.35
Class of shares:                                 Ordinary shares of no par value
Vesting periods:                                 31 October 2026: 50%
                                                 31 October 2027: 25%
                                                 31 October 2028: 25%

Nature of Transaction:                           Off market award and acceptance of annual
                                                 long-term incentive award of conditional
                                                 shares issued in terms of the CSP
Extent of interest:                              Direct beneficial

Director:                                        A.C. Widegger
Office held:                                     Chief Executive Officer
Number of awards:                                1,588,069
Value of transaction:                            Threshold (30%):R2,072,430.30
                                                 Target (65%): R4,490,265.65
                                                 Stretch (100%): R6,908,101.00

Director:                                        D. Nathoo
Office held:                                     Chief Financial Officer
Number of awards:                                630,072
Value of transaction:                            Threshold (30%): R822,243.96
                                                 Target (65%): R1,781,528.58
                                                 Stretch (100%): R2,740,813.20

Director:                                        L.G. Siddo
Office held:                                     Chief Operating Officer
Number of awards:                                621,878
Value of transaction:                            Threshold (30%): R811,550.79
                                                 Target (65%): R1,758,360.05
                                                 Stretch (100%): R2,705,169.30

Officer:                                         M.C. van Heerden
Office held:                                     Group Company Secretary
Number of awards:                                208,123
Value of transaction:                            Threshold (30%): R271,600.51
                                                 Target (65%): R588,467.80
                                                 Stretch (100%): R905,335.05

The prerequisite clearance has been obtained in accordance with Section 3.66 of the JSE
Listings Requirements.


Bryanston
2 November 2023

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 02-11-2023 08:00:00
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