HYPROP INVESTMENTS LIMITED - Update to an announcement of dealings in securities by directors of Hyprop

Update to an announcement of dealings in securities by directors of Hyprop

HYPROP INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/005284/06)
JSE share code: HYP
ISIN: ZAE000190724
JSE bond issuer code: HYPI
(Approved as a REIT by the JSE)
(“Hyprop” or “the Company”)


UPDATE TO AN ANNOUNCEMENT OF DEALINGS IN SECURITIES BY DIRECTORS OF HYPROP


Shareholders are referred to the announcement released on SENS on 30 June 2020 (“the previous announcement”)
relating to the award and acceptance of shares offered under the Hyprop Conditional Unit Plan (“the plan”) and are
advised that the number of securities awarded to the directors of Hyprop, and the deemed values of the shares, disclosed
in the previous announcement only reflected the performance shares awarded, and not the retention shares. Shareholders
are advised of the following updated information relating to the award and acceptance of the shares offered under the
plan.

The following information is applicable to all awards of securities as updated from the announcement released on SENS
on 30 June 2020 to include retention shares:

Transaction date:                            30 June 2020
Award commencement date:                     1 July 2020
Class of securities:                         Ordinary shares
Price per security:                          RNil
Total deemed value of transaction:           The total deemed value was calculated using a volume weighted
                                             average price of R20,72478 per share over the 30 days prior to 22 June
                                             2020, being the last practical date prior to which the award was made
                                             and accepted
Vesting date:                                Performance shares (70%) on 30 June 2023, subject to performance
                                             conditions, and retention shares (30%) on 30 June 2025
Nature of transaction:                       Off-market acceptance of the shares offered in terms of the plan
Nature and extent of directors’ interest:    Direct beneficial
Clearance to deal received:                  Yes

                                                                              Number of securities      Deemed value

Name of director:                            Morné C Wilken
Performance shares (previously disclosed)                                                 117 625      R2 437 752.25
Retention shares                                                                           50 411      R1 044 756.88
Total                                                                                     168 036      R3 482 509.13

Name of director:                            Brett C Till
Performance shares (previously disclosed)                                                  62 824      R1 302 013.58
Retention shares                                                                           26 925      R  558 014.70
Total                                                                                      89 749      R1 860 028.28

Name of director:                            Abraham W Nauta
Performance shares (previously disclosed)                                                  59 865      R1 240 688.95
Retention shares                                                                           25 657      R  531 735.68
Total                                                                                      85 522      R1 772 424.63

18 February 2021


Sponsor
Java Capital
Date: 18-02-2021 07:05:00
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