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Dealings in Securities by Executive Directors
LIBERTY TWO DEGREES LIMITED
(Registration number: 2018/388906/06)
JSE share code: L2D
ISIN: ZAE000260576
(“L2D” or “the Company”)
DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, L2D hereby
announces the following transactions for the directors of the Company in terms of L2D’s Restricted
Share Plan (“the “LTIP”).
Director (Chief Executive) Amelia Beattie
Date of award 1 March 2017
Date of transaction (Vesting date) 1 September 2020
Number of securities 32 647 ordinary shares
Nature of transaction Off-market vesting of restricted share awards in
respect of a portion of short-term incentive
remuneration being deferred and converted into
restricted shares in terms of the LTIP
Vesting periods One-third after 18 months, another one-third after 30
months and the balance after 42 months. No
conditionality applies
Price per share R4.26
Total value of transaction R139 084.74
Nature and extent of interest Direct beneficial
Director (Chief Executive) Amelia Beattie
Date of award 1 March 2018
Date of transaction (Vesting date) 1 September 2020
Number of securities 15 623 ordinary shares
Nature of transaction Off-market vesting of restricted share awards in
respect of a portion of short-term incentive
remuneration being deferred and converted into
restricted shares in terms of the LTIP
Vesting periods One-third after 18 months, another one-third after 30
months and the balance after 42 months. No
conditionality applies
Price per share R4.26
Total value of transaction R66 553.98
Nature and extent of interest Direct beneficial
Director (Chief Executive) Amelia Beattie
Date of award 1 March 2019
Date of transaction (Vesting date) 1 September 2020
Number of securities 47 621 ordinary shares
Nature of transaction Off-market vesting of restricted share awards in
respect of a portion of short-term incentive
remuneration being deferred and converted into
restricted shares in terms of the LTIP
Vesting periods One-third after 18 months, another one-third after 30
months and the balance after 42 months. No
conditionality applies
Price per share R4.26
Total value of transaction R202 865.46
Nature and extent of interest Direct beneficial
Director (Chief Executive) Amelia Beattie
Date of transaction 1 September 2020
Number of securities 48 272 ordinary shares
Nature of transaction On-market sale
Price per share R4.0791
Total value of transaction R196 906.31
Nature and extent of interest Direct beneficial
Director (Chief Executive) Amelia Beattie
Date of transaction 1 September 2020
Number of securities 22 637 ordinary shares
Nature of transaction On-market sale to cover the income tax liability
Price per share R4.0791
Total value of transaction R92 338.59
Nature and extent of interest Direct beneficial
Director (Financial Director) José Richard Snyders
Date of award 1 September 2017
Date of transaction (Vesting date) 1 September 2020
Number of securities 81 481 ordinary shares
Nature of transaction Off-market vesting of restricted share awards in
respect of the first tranche of share awards made on
appointment to L2D
Vesting periods One-third after 36 months, another third after 48
months and the balance after 60 months. No
conditionality applies
Price per share R4.26
Total value of transaction R347 109.06
Nature and extent of interest Direct beneficial
Director (Financial Director) José Richard Snyders
Date of award 1 March 2018
Date of transaction (Vesting date) 1 September 2020
Number of securities 10 415 ordinary shares
Nature of transaction Off-market vesting of restricted share awards in
respect of a portion of short-term incentive
remuneration being deferred and converted into
restricted shares in terms of the LTIP
Vesting periods One-third after 18 months, another one-third after 30
months and the balance after 42 months. No
conditionality applies
Price per share R4.26
Total value of transaction R44 367.90
Nature and extent of interest Direct beneficial
Director (Financial Director) José Richard Snyders
Date of award 1 March 2019
Date of transaction (Vesting date) 1 September 2020
Number of securities 28 366 ordinary shares
Nature of transaction Off-market vesting of restricted share awards in
respect of a portion of short-term incentive
remuneration being deferred and converted into
restricted shares in terms of the LTIP
Vesting periods One-third after 18 months, another one-third after 30
months and the balance after 42 months. No
conditionality applies
Price per share R4.26
Total value of transaction R120 839.16
Nature and extent of interest Direct beneficial
Director (Financial Director) José Richard Snyders
Date of transaction 1 September 2020
Number of securities 57 167 ordinary shares
Nature of transaction On-market sale to cover the income tax liability
Price per share R4.0791
Total value of transaction R233 189.91
Nature and extent of interest Direct beneficial
Clearance to trade was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.
Johannesburg
3 September 2020
Sponsor:
The Standard Bank of South Africa Limited
Investor Relations
Gareth Rees
Contact number: 011 448 6804
Date: 03-09-2020 03:40:00
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