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LIBERTY TWO DEGREES LIMITED - Dealings in securities

Release Date: 03/04/2019 14:10
Code(s): L2D     PDF:  
 
Wrap Text
Dealings in securities

LIBERTY TWO DEGREES LIMITED
(Registration number: 2018/388906/06)
JSE share code: L2D
ISIN: ZAE000260576
(“L2D” or “the Company”)

SETTLEMENT OF SHARE AWARDS FOR AN EXECUTIVE DIRECTOR AND THE COMPANY
SECRETARY

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, shareholders
are hereby advised of the following dealings by the Chief Executive and Company Secretary.

Director (Chief Executive)                     Amelia Beattie
Date of transaction                            01 April 2019
Number of securities                           158 350
Nature of transaction                          Acceptance of a cash consideration payment in lieu
                                               of restricted shares awarded during employment at
                                               STANLIB Asset Management. The payment is made
                                               by Liberty Holdings Limited and not L2D (off market)
Price per share                                R6.65
Total value of transaction                     R1 053 027.50 (pre-taxation)
Cash consideration                             R579 165.13 (post-taxation)
Nature and extent of interest                  Direct beneficial
Clearance obtained                             Yes

Company Secretary                              Ben Swanepoel
Date of transaction                            1 April 2019
Number of securities                           64 767
Nature of transaction                          Acceptance of a cash consideration in lieu of shares
                                               following the vesting of a tranche of shares awarded
                                               at commencement of employment (off market)
Price per share                                R6.65
Total value of transaction                     R430 700.55 (pre-taxation)
Cash consideration                             R236 885.30 (post-taxation)
Nature and extent of interest                  Direct beneficial
Clearance obtained                             Yes


Johannesburg
3 April 2019


Sponsor:
The Standard Bank of South Africa Limited

Investor Relations
Gareth Rees
Contact number: 011 448 6804

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