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Dealings in Spear Securities Pursuant to a Dividend Reinvestment Plan
SPEAR REIT LIMITED
(Incorporated in the Republic of South
Africa)
(Registration number: 2015/407237/06)
Share code: SEA
ISIN: ZAE000228995
LEI: 378900F76170CCB33C50
(Approved as a REIT by the JSE)
(“Spear” or “the Company”)
DEALINGS IN SPEAR SECURITIES PURSUANT TO A DIVIDEND REINVESTMENT PLAN
Shareholders are referred to the circular regarding the dividend reinvestment alternative
(“Reinvestment Alternative”) issued to shareholders on 3 November 2020 and the results of
the dividend reinvestment announcement published on SENS on 23 November 2020 and are
hereby advised that out of the 6 209 657 ordinary Spear shares issued in respect of the
Reinvestment Alternative, 55.22% were issued to directors and their associates and
prescribed officers of Spear, as set out below, which aligns with shareholders’ interests and
Spear’s strategy to reduce its loan-to-value.
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the dealings in securities is disclosed:
1.
NAME OF DIRECTOR Quintin Michael Rossi
COMPANY OF WHICH A DIRECTOR Spear REIT Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Reinvestment of dividend in terms of
reinvestment alternative (off-market
transaction)
DATE OF TRANSACTION 20 November 2020
PRICE PER SECURITY 445.65535 cents
NUMBER OF SECURITIES TRANSACTED 264 752
TOTAL RAND VALUE OF SECURITIES R1 179 881.45
TRANSACTED
NAME OF ASSOCIATE Evlah Investments Proprietary Limited
RELATIONSHIP WITH DIRECTOR Director is a director of the associate and a
beneficiary and trustee of the associate’s
sole shareholder
NATURE AND EXTENT OF INTEREST IN Indirect, beneficial
THE TRANSACTION
2.
NAME OF DIRECTOR Christiaan Barnard
COMPANY OF WHICH A DIRECTOR Spear REIT Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Reinvestment of dividend in terms of
reinvestment alternative (off-market
transaction)
DATE OF TRANSACTION 20 November 2020
PRICE PER SECURITY 445.65535 cents
NUMBER OF SECURITIES TRANSACTED 5 267 (1)
513 (2)
TOTAL RAND VALUE OF SECURITIES R23 472.67 (1)
TRANSACTED R2 286.21 (2)
NAME OF ASSOCIATE CBJB Investments (1)
Proprietary Limited
J Barnard (2)
RELATIONSHIP WITH DIRECTOR Director is a director and a (1)
shareholder of the associate
Spouse (2)
NATURE AND EXTENT OF INTEREST IN Indirect, beneficial (1)
THE TRANSACTION Not applicable (2)
3.
NAME OF DIRECTOR Michael Naftali Flax
COMPANY OF WHICH A DIRECTOR Spear REIT Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Non-executive
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Reinvestment of dividend in terms of
reinvestment alternative (off-market
transaction)
DATE OF TRANSACTION 20 November 2020
PRICE PER SECURITY 445.65535 cents
NUMBER OF SECURITIES TRANSACTED 1 370 076 (1)
3 983 (2)
3 241 (3)
TOTAL RAND VALUE OF SECURITIES R6 105 817.00 (1)
TRANSACTED R17 750.45 (2)
R14 443.69 (3)
NAME OF ASSOCIATE Fronsac Investments (1)
Limited
Minor Children (2) – (3)
RELATIONSHIP WITH DIRECTOR Director is a director (1)
of the associate (1)
Minor Children (2) – (3)
NATURE AND EXTENT OF INTEREST IN Indirect, non-beneficial (1)
THE TRANSACTION Indirect, beneficial (2) – (3)
4.
NAME OF DIRECTOR Abubaker Varachhia
COMPANY OF WHICH A DIRECTOR Spear REIT Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Non-executive
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Reinvestment of dividend in terms of
reinvestment alternative (off-market
transaction)
DATE OF TRANSACTION 20 November 2020
PRICE PER SECURITY 445.65535 cents
NUMBER OF SECURITIES TRANSACTED 690 889 (1)
6 103 (2)
3 292 (3)
TOTAL RAND VALUE OF SECURITIES R3 078 983.79 (1)
TRANSACTED R27 198.35 (2)
R14 670.97 (3)
NAME OF ASSOCIATE Mtshobela Capital Holdings
Proprietary Limited (1)
Avari Investments (2)
Proprietary Limited
Navari Investments
Proprietary Limited (3)
RELATIONSHIP WITH DIRECTOR Director is a director and a (1)
shareholder of the associate
Director is a beneficiary and (2) – (3)
trustee of the associates’
sole shareholder
NATURE AND EXTENT OF INTEREST IN Indirect, beneficial (1) – (3)
THE TRANSACTION
5.
NAME OF DIRECTOR Cormack Sean McCarthy
COMPANY OF WHICH A DIRECTOR Spear REIT Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Non-executive
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Reinvestment of dividend in terms of
reinvestment alternative (off-market
transaction)
DATE OF TRANSACTION 20 November 2020
PRICE PER SECURITY 445.65535 cents
NUMBER OF SECURITIES TRANSACTED 1 002 323
TOTAL RAND VALUE OF SECURITIES R4 466 906.07
TRANSACTED
NAME OF ASSOCIATE Mega Park Investments Proprietary Limited
RELATIONSHIP WITH DIRECTOR Director is a director and shareholder of the
associate
NATURE AND EXTENT OF INTEREST IN Indirect, beneficial
THE TRANSACTION
6.
NAME OF DIRECTOR Jalaloodien Ebrahim Allie
COMPANY OF WHICH A DIRECTOR Spear REIT Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Non-executive
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Reinvestment of dividend in terms of
reinvestment alternative (off-market
transaction)
DATE OF TRANSACTION 20 November 2020
PRICE PER SECURITY 445.65535 cents
NUMBER OF SECURITIES TRANSACTED 6 584
TOTAL RAND VALUE OF SECURITIES R29 341.95
TRANSACTED
NAME OF ASSOCIATE Snowy Owl Prop 10 Proprietary Limited
RELATIONSHIP WITH DIRECTOR Director is a director and shareholder of the
associate
NATURE AND EXTENT OF INTEREST IN Indirect, beneficial
THE TRANSACTION
7.
NAME OF DIRECTOR Brian Leon Goldberg
COMPANY OF WHICH A DIRECTOR Spear REIT Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Non-executive
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Reinvestment of dividend in terms of
reinvestment alternative (off-market
transaction)
DATE OF TRANSACTION 20 November 2020
PRICE PER SECURITY 445.65535 cents
NUMBER OF SECURITIES TRANSACTED 28 533
TOTAL RAND VALUE OF SECURITIES R127 158.84
TRANSACTED
NAME OF ASSOCIATE Jenben Trust
RELATIONSHIP WITH DIRECTOR Director is a beneficiary of the associate
NATURE AND EXTENT OF INTEREST IN Indirect, beneficial
THE TRANSACTION
8.
NAME OF DIRECTOR Niclas Kjellström-Matseke
COMPANY OF WHICH A DIRECTOR Spear REIT Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Non-executive
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Reinvestment of dividend in terms of
reinvestment alternative (off-market
transaction)
DATE OF TRANSACTION 20 November 2020
PRICE PER SECURITY 445.65535 cents
NUMBER OF SECURITIES TRANSACTED 41 153
TOTAL RAND VALUE OF SECURITIES R183 400.55
TRANSACTED
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
9.
NAME OF PRECRIBED OFFICER Clifford Wade Toerien
COMPANY OF WHICH A PRESCRIBED Spear REIT Limited
OFFICER
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Reinvestment of dividend in terms of
reinvestment alternative (off-market
transaction)
DATE OF TRANSACTION 20 November 2020
PRICE PER SECURITY 445.65535 cents
NUMBER OF SECURITIES TRANSACTED 65
TOTAL RAND VALUE OF SECURITIES R289.68
TRANSACTED
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
10.
NAME OF PRECRIBED OFFICER Kim Karg
COMPANY OF WHICH A PRESCRIBED Spear REIT Limited
OFFICER
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Reinvestment of dividend in terms of
reinvestment alternative (off-market
transaction)
DATE OF TRANSACTION 20 November 2020
PRICE PER SECURITY 445.65535 cents
NUMBER OF SECURITIES TRANSACTED 164
TOTAL RAND VALUE OF SECURITIES R730.87
TRANSACTED
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
11.
NAME OF COMPANY SECRETARY René Cheryl Stober
COMPANY OF WHICH A COMPANY Spear REIT Limited
SECRETARY
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Reinvestment of dividend in terms of
reinvestment alternative (off-market
transaction)
DATE OF TRANSACTION 20 November 2020
PRICE PER SECURITY 445.65535 cents
NUMBER OF SECURITIES TRANSACTED 1 975
TOTAL RAND VALUE OF SECURITIES R8 801.69
TRANSACTED
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.
Cape Town
25 November 2020
Sponsor
PSG Capital
Date: 25-11-2020 05:00:00
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