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EQUITES PROPERTY FUND LIMITED - Dealings in securities by directors of Equites

Release Date: 08/06/2020 11:55
Code(s): EQU     PDF:  
 
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Dealings in securities by directors of Equites

EQUITES PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/080877/06)
JSE share code: EQU ISIN: ZAE000188843
(Approved as a REIT by the JSE)
(“Equites” or “the Company”)


DEALINGS IN SECURITIES BY DIRECTORS OF EQUITES

Following the decision by all three executive directors to defer the vesting of their February 2017 conditional share
awards in terms of the rules of the Equites Conditional Share Plan (“CSP”), shareholders are advised of the following
information relating to the issue of shares under the CSP.

The rules of the CSP allow participants to defer the vesting of the applicable tranche of shares by a further 24 months
which will result in the conditional awards increasing on a 3-for-1 basis by the issue of matching shares (“the
Matching Facility”) provided that the participant remains in the Company’s employment and does not sell any of the
shares in that tranche for these further 24 months. The following directors have elected to defer vesting and
accordingly the shares issued will be pledged to the Company for a further 24 months:

Name of director:                                           Andrea Taverna-Turisan
Date of transaction:                                        3 June 2020
Class of securities:                                        Ordinary shares
Number of securities:                                       433 203
Price per security:                                         R15.97
Total value of transaction:                                 R6 918 251.91
Nature of transaction:                                      Issue and pledge of shares in terms of the CSP
Nature and extent of director’s interest:                   Direct beneficial
Clearance to deal received:                                 Yes

Name of director:                                           Riaan Gous
Date of transaction:                                        3 June 2020
Class of securities:                                        Ordinary shares
Number of securities:                                       302 503
Price per security:                                         R15.97
Total value of transaction:                                 R4 830 972.91
Nature of transaction:                                      Issue and pledge of shares in terms of the CSP
Nature and extent of director’s interest:                   Direct beneficial
Clearance to deal received:                                 Yes

Name of director:                                           Laila Razack
Date of transaction:                                        3 June 2020
Class of securities:                                        Ordinary shares
Number of securities:                                       28 053
Price per security:                                         R15.97
Total value of transaction:                                 R448 006.41
Nature of transaction:                                      Issue and pledge of shares in terms of the CSP
Nature and extent of director’s interest:                   Direct beneficial
Clearance to deal received:                                 Yes
                                                                                                                     
Shareholders are advised of the following information relating to dealings in securities by directors of the Company,
pursuant to the vesting of conditional awards accepted in terms of the CSP during June 2015 in order to settle the tax
liability due in respect of the shares vested under the CSP:

Name of director:                                           Andrea Taverna-Turisan
Date of transaction:                                        3 June 2020
Class of securities:                                        Ordinary shares
Number of securities:                                       130 000
Highest traded price per security on the market on the day: R17.70
Weighted average price per security:                        R17.36920
Lowest traded price per security on the market on the day:  R16.72
Total value of transaction:                                 R2 257 996.00
Nature of transaction:                                      On-market sale
Clearance to deal received:                                 Yes

Name of director:                                           Riaan Gous
Date of transaction:                                        3 June 2020
Class of securities:                                        Ordinary shares
Number of securities:                                       32 810
Highest traded price per security on the market on the day: R17.70
Weighted average price per security:                        R17.08539
Lowest traded price per security on the market on the day:  R16.72
Total value of transaction:                                 R560 571.80
Nature of transaction:                                      On-market sale
Nature and extent of director’s interest:                   Direct beneficial
Clearance to deal received:                                 Yes

Name of director:                                           Riaan Gous
Date of transaction:                                        4 June 2020
Class of securities:                                        Ordinary shares
Number of securities:                                       59 700
Highest traded price per security on the market on the day: R17.27
Weighted average price per security:                        R17.08397
Lowest traded price per security on the market on the day:  R16.63
Total value of transaction:                                 R1 019 913.30
Nature of transaction:                                      On-market sale
Nature and extent of director’s interest:                   Direct beneficial
Clearance to deal received:                                 Yes

Name of director:                                           Riaan Gous
Date of transaction:                                        5 June 2020
Class of securities:                                        Ordinary shares
Number of securities:                                       3 635
Highest traded price per security on the market on the day: R17.43
Weighted average price per security:                        R 17.05308
Lowest traded price per security on the market on the day:  R16.60
Total value of transaction:                                 R61 987.95
Nature of transaction:                                      On-market sale
Nature and extent of director’s interest:                   Direct beneficial
Clearance to deal received:                                 Yes

8 June 2020

Sponsor
Java Capital

Date: 08-06-2020 11:55:00
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