ITALTILE LIMITED - Dealings in Securities by Directors

Dealings in Securities by Directors

ITALTILE LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1955/000558/06)
Share code: ITE    ISIN: ZAE000099123
(“Italtile” or “the Company”)


DEALINGS IN SECURITIES BY DIRECTORS


In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings Requirements of JSE Limited, the
following is disclosed:


Name of director:                                 Brandon Wood
Company:                                          Italtile Limited
Date of transaction:                              14 December 2020
Nature of the transaction:                        Off market acceptance of Units (with each Unit being linked
                                                  to one Italtile ordinary share held by, and registered in the
                                                  name of, the Italtile Retention Scheme Trust (“Trust
                                                  Share”)) in terms of the Italtile Retention Scheme.
Class of underlying security to which rights
attach:                                           Ordinary shares
Number of Units awarded:                          1 000 000
Unit award price:                                 R0.00
Total value of transaction:                       Not applicable
Vesting period:                                   Units will vest on the fifth anniversary of the acceptance of
                                                  their award, subject to the achievement of certain
                                                  performance criteria over the intervening period, and will, for
                                                  no consideration, be replaced with such number of Trust
                                                  Shares as are linked to the Units.
Extent of director’s interest:                    Direct beneficial
Clearance to deal obtained:                       Yes


Name of director:                                 Lance Andrew Foxcroft
Company:                                          Ceramic Industries Proprietary Limited
Date of transaction:                              14 December 2020
Nature of the transaction:                        Off market acceptance of Units (with each Unit being linked
                                                  to one Italtile ordinary share held by, and registered in the
                                                  name of, the Italtile Retention Scheme Trust (“Trust
                                                  Share”)) in terms of the Italtile Retention Scheme.
Class of underlying security to which rights      Ordinary shares
attach:
Number of units awarded:                          3 000 000
Unit award price:                                 R0.00
Total value of transaction:                       Not applicable
Vesting period:                                   Units will vest on the fifth anniversary of the acceptance of
                                                  their award, subject to the achievement of certain
                                                  performance criteria over the intervening period, and will, for
                                                  no consideration, be replaced with such number of Trust
                                                  Shares as are linked to the Units.
Extent of director’s interest:                    Direct beneficial
Clearance to deal obtained:                       Yes


Johannesburg
15 December 2020


Sponsor
Merchantec Capital

Date: 15-12-2020 04:00:00
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