TEXTON PROPERTY FUND LIMITED - Acceptance by Director of shares awarded in terms of the Texton conditional share plan

Acceptance by Director of shares awarded in terms of the Texton conditional share plan

Texton Property Fund Limited                                   
Granted REIT status by the JSE
(Incorporated in the Republic of South Africa)
(Registration number: 2005/019302/06)
JSE share code: TEX ISIN: ZAE000190542
(“Texton” or the “Company”)


ACCEPTANCE BY DIRECTOR OF SHARES AWARDED IN TERMS OF THE TEXTON
CONDITIONAL SHARE PLAN


Texton has made the following awards of Performance and Retention Shares in terms of the Texton
Property Fund Conditional Share Plan (“CSP), which comprises:

    -   Performance Shares; and
    -   Retention Shares


 Name of director                      PM Hack
 Type of director                      Executive director
 Nature of transaction                 Off-market acceptance of Performance and Retention Shares
                                       awarded in terms of the CSP
 Date of award                         11 June 2021
 Date of acceptance of award           14 June 2021
 Number of shares awarded
         Performance Shares            270 834
         Retention Shares              145 833
 Award value per share                 R1.20
 Total value of award                  R500 000
 Vesting date                          30 June 2023(note 1) 
 Nate of interest                      Direct beneficial


Note 1 – This assumes the performance conditions have been deemed satisfied by the Nominations
and Renumeration Committee (“NRC”). For clarification and avoidance of doubt, the performance
shares shall be awarded on the later of – (a) the date that the NRC has determined the number of
performance shares that will vest in respect of the award ; or (b) if the aforementioned date falls during
a prohibited period, or on a date on which the acquisition or disposal of the shares would be in
contravention of any code adopted by the Company relating to dealings in securities by directors, or be
prohibited by insider trading legislation or any other legislation or regulations, then the performance
shares shall vest on the first business day following the expiry of such event.

Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listing
Requirements.

Sandton
15 June 2021

Sponsor
Investec Bank Limited

Date: 15-06-2021 04:35:00
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