SPUR CORPORATION LIMITED - Dealing in Company's Securities Pursuant to Share Incentive Schemes

Dealing in Company's Securities Pursuant to Share Incentive Schemes

Spur Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/000828/06)
Share code: SUR
ISIN: ZAE 000022653
(“Spur Corporation”, “the Company” or “Group”)


DEALING IN COMPANY’S SECURITIES PURSUANT TO SHARE INCENTIVE SCHEMES


Bonus Matching Forfeitable Shares (“BMFS”) granted in accordance with Restricted Share
Plan 2020 (“2020 RSP”) Scheme

In compliance with the requirements of paragraphs 3.63 to 3.66 of the JSE Limited Listings
Requirements, the following equity-settled BMFS were granted to the executive directors and company
secretary of the Company (“Participants”) in accordance with the 2020 RSP Scheme and the
Company’s short-term incentive scheme applicable to the Company’s financial year ended 30 June
2023 (“2023 STI”).

Participants of the 2023 STI were awarded fully paid-for Spur Corporation shares (being the BMFS)
equivalent in value to a certain percentage of the bonus payable in terms of the 2023 STI. The BMFS
were allocated to the Participants on 12 September 2023 and are subject to the 2020 RSP Scheme
rules.


Name:                                            Valentine Nichas
Designation:                                     Executive Director
Number of BMFS awarded:                          24 086
Consideration:                                   Nil
Value of BMFS                                    R675 839 (refer below)
On market/off market:                            Off market
Prior permission to deal:                        Obtained
Vesting Date:                                    14 August 2026 (refer below)
Nature of interest:                              Direct beneficial (refer below)

Name:                                            Cristina Teixeira
Designation:                                     Executive Director
Number of BMFS awarded:                          19 918
Consideration:                                   Nil
Value of BMFS                                    R558 887 (refer below)
On market/off market:                            Off market
Prior permission to deal:                        Obtained
Vesting Date:                                    14 August 2026 (refer below)
Nature of interest:                              Direct beneficial (refer below)

Name:                                            Kevin Robertson
Designation:                                     Executive Director
Number of BMFS awarded:                          15 718
Consideration:                                   Nil
Value of BMFS                                    R441 038 (refer below)
On market/off market:                            Off market
Prior permission to deal:                        Obtained
Vesting Date:                                    14 August 2026 (refer below)
Nature of interest:                              Direct beneficial (refer below)

Name:                                            Donfrey Meyer
Designation:                                     Company Secretary
Number of BMFS awarded:                          4 038
Consideration:                                   Nil
Value of BMFS                                    R113 304 (refer below)
On market/off market:                            Off market
Prior permission to deal:                        Obtained
Vesting Date:                                    14 August 2026 (refer below)
Nature of interest:                              Direct beneficial (refer below)


The value of the BMFS is the actual cost (including transaction costs) of the Company’s shares acquired
by a wholly-owned subsidiary of the Company during the period from 23 August 2023 to 11 September
2023 for the specific purpose of settling the Company’s obligation in this regard.

The BMFS are subject to a three-year employment condition (“Vesting Period”) terminating on 14
August 2026 (“Vesting Date”) in terms of which the Participants will only become unconditionally entitled
to the BMFS on the Vesting date, provided that they remain full-time gainfully employed by the Group
for the duration of the Vesting Period. The BMFS are held in escrow on behalf of the Participants for
the duration of the Vesting Period. During the Vesting Period, the Participants will enjoy the benefits of
full direct beneficial ownership of the shares (including voting rights and the right to dividends), other
than being able to trade in the shares.


Cape Town
12 September 2023

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 12-09-2023 03:20:00
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