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EMIRA PROPERTY FUND LIMITED - Acceptance by Directors of Shares Awarded

Release Date: 07/10/2019 17:29
Code(s): EMI     PDF:  
 
Wrap Text
Acceptance by Directors of Shares Awarded

EMIRA PROPERTY FUND LIMITED
Incorporated in the Republic of South Africa
(Registration number 2014/130842/06)
JSE share code: EMI     ISIN: ZAE000203063
(Approved as a REIT by the JSE)
(“Emira” or “the Company”)


ACCEPTANCE BY DIRECTORS OF SHARES AWARDED

In compliance with paragraph 3.63 of the Listings Requirements of the JSE Limited, the following
information is disclosed in respect of the acceptance by directors of the Company of shares awarded
in terms of the Emira Forfeitable Share Plan (“Emira FSP”):


Name of executive director:            G Jennett
Date of acceptance:                    7 October 2019
Number of shares accepted:             459 250
Issue price:                           Rnil
Notional value of transaction (based   R5 506 407.50
on an implied price of R11.99 per
Emira share, being the closing price
on the date immediately preceding
the date of this announcement):
Nature of transaction:                 Off-market acceptance of shares acquired by Emira in the
                                       market and awarded in terms of the Emira FSP, which shares
                                       will vest on the satisfaction of certain performance conditions
                                       as set out in the Emira FSP
Vesting dates:                         The shares will vest in equal tranches on 15 September 2022,
                                       15 September 2023 and 15 September 2024, respectively
Class of securities:                   Ordinary shares
Type of interest:                      Direct beneficial
Clearance to deal obtained:            Yes


Name of executive director:            G Booyens
Date of acceptance:                    7 October 2019
Number of shares accepted:             246 399
Issue price:                           Rnil
Notional value of transaction (based   R2 954 324.01
on an implied price of R11.99 per
Emira share, being the closing price
on the date immediately preceding
the date of this announcement):
Nature of transaction:                 Off-market acceptance of shares acquired by Emira in the
                                       market and awarded in terms of the Emira FSP, which shares
                                       will vest on the satisfaction of certain performance conditions
                                       as set out in the Emira FSP
Vesting dates:                         The shares will vest in equal tranches on 15 September 2022,
                                       15 September 2023 and 15 September 2024, respectively
Class of securities:                   Ordinary shares
Type of interest:                      Direct beneficial
Clearance to deal obtained:            Yes
Name of executive director:            U van Biljon
Date of acceptance:                    7 October 2019
Number of shares accepted:             235 326
Issue price:                           Rnil
Notional value of transaction (based   R 2 821 558.74
on an implied price of R11.99 per
Emira share, being the closing price
on the date immediately preceding
the date of this announcement):
Nature of transaction:                 Off-market acceptance of shares acquired by Emira in the
                                       market and awarded in terms of the Emira FSP, which shares
                                       will vest on the satisfaction of certain performance conditions
                                       as set out in the Emira FSP
Vesting dates:                         The shares will vest in equal tranches on 15 September 2022,
                                       15 September 2023 and 15 September 2024, respectively
Class of securities:                   Ordinary shares
Type of interest:                      Direct beneficial
Clearance to deal obtained:            Yes


Bryanston
7 October 2019

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 07/10/2019 05:29:00
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