To view the PDF file, sign up for a MySharenet subscription.

TOWER PROPERTY FUND LIMITED - Dealings in securities by associates of directors of the company

Release Date: 05/11/2018 12:25
Code(s): TWR     PDF:  
 
Wrap Text
Dealings in securities by associates of directors of the company

TOWER PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2012/066457/06)
JSE share code: TWR ISIN: ZAE000179040
(Approved as a REIT by the JSE)
("Tower" or "the company")


DEALINGS IN SECURITIES BY ASSOCIATES OF DIRECTORS OF THE COMPANY


Shareholders are advised of the following information relating to the acceptance of share options offered to
directors in terms of the Tower Property Fund Incentive Scheme ("the Scheme"), which options will vest in
equal tranches on 2 November 2021, 2 November 2022 and 2 November 2023, subject to the achievement of
the agreed upon vesting conditions contained in the rules of the Scheme.

Name of associate:                               Hulk Investments (Pty) Ltd ("Hulk Investments")
Name of director and relationship to director:   Marc Edwards, who is a director and owns 100% interest
                                                 in Hulk Investments
Transaction date:                                2 November 2018
Class of securities:                             Ordinary shares
Number of securities:                            4 189 473
Price per security:                              RNil
Total value of transaction:                      R27 985 679.64 (at a deemed price per security of R6.68)
Nature of transaction:                           Off-market acceptance of share options in terms of the
                                                 Scheme
Nature and extent of director's interest:        Indirect beneficial
Clearance to deal received:                      Yes

Name of associate:                               Mutinix (Pty) Ltd ("Mutinix")
Name of director and relationship to director:   Joanne Mabin, who is a director and sole shareholder of
                                                 Mutinix
Transaction date:                                2 November 2018
Class of securities:                             Ordinary shares
Number of securities:                            2 742 494
Price per security:                              RNil
Total value of transaction:                      R18 319 859.92 (at a deemed price per security of R6.68)
Nature of transaction:                           Off-market acceptance of share options in terms of the
                                                 Scheme
Nature and extent of director's interest:        Indirect beneficial
Clearance to deal received:                      Yes

5 November 2018


Sponsor
Java Capital

Date: 05/11/2018 12:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Share This Story