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STOR-AGE PROPERTY REIT LIMITED - Dealings in Securities by an Executive Director and an Associate of the Executive Director

Release Date: 23/06/2025 17:40
Code(s): SSS STOR01 STOR02     PDF:  
Wrap Text
Dealings in Securities by an Executive Director and an Associate of the Executive Director

Stor-Age Property REIT Limited
Incorporated in the Republic of South Africa
Registration number 2015/168454/06
Share code: SSS ISIN: ZAE000208963
Alpha code: SSSI
Approved as a REIT by the JSE
("Stor-Age")


DEALINGS IN SECURITIES BY AN EXECUTIVE DIRECTOR AND AN ASSOCIATE OF THE EXECUTIVE DIRECTOR


 Name of director                      :     Steven Horton

 Company                               :     Stor-Age Property REIT Limited

 Date of transaction                   :     18 June 2025

 Nature of transaction                 :     New secured loan facility agreement ("loan facility") of
                                             R10 680 000 entered into with Investec Bank Limited.
                                             The loan facility has a 36-month term, bears interest at the
                                             prime overdraft rate less 0.75% and is secured by the pledge
                                             of Stor-Age ordinary shares held by Steven Horton and The
                                             HJS Trust (the "Trust"). Steven Horton is a trustee and a
                                             beneficiary of the Trust and the Trust is therefore an
                                             associate of Steven Horton.
                                             At the date of this announcement, the total Stor-Age ordinary
                                             shares held by the Trust and the executive director are
                                             1 785 835.
                                             Based on the closing share price of R16.00 on 20 June 2025,
                                             the outstanding balance is sufficiently covered by 667 500
                                             Stor-Age ordinary shares held by the Trust and the executive
                                             director.

 Class of securities                   :     Ordinary shares

 Number of shares pledged              :     1 785 835

 Deemed value of pledged shares        :     R28 573 360

 Value of transaction                  :     R10 680 000

 Nature of interest                    :     Direct and indirect beneficial


Cape Town
23 June 2025

Equity Sponsor
Investec Bank Limited

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

Date: 23-06-2025 05:40:00
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