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SPEAR REIT LIMITED - Dealings in Spear Securities Pursuant to a Dividend Reinvestment Plan

Release Date: 25/11/2020 17:00
Code(s): SEA     PDF:  
Wrap Text
Dealings in Spear Securities Pursuant to a Dividend Reinvestment Plan

SPEAR REIT LIMITED
(Incorporated in the Republic of South
Africa)
(Registration number: 2015/407237/06)
Share code: SEA
ISIN: ZAE000228995
LEI: 378900F76170CCB33C50
(Approved as a REIT by the JSE)
(“Spear” or “the Company”)

DEALINGS IN SPEAR SECURITIES PURSUANT TO A DIVIDEND REINVESTMENT PLAN

Shareholders are referred to the circular regarding the dividend reinvestment alternative
(“Reinvestment Alternative”) issued to shareholders on 3 November 2020 and the results of
the dividend reinvestment announcement published on SENS on 23 November 2020 and are
hereby advised that out of the 6 209 657 ordinary Spear shares issued in respect of the
Reinvestment Alternative, 55.22% were issued to directors and their associates and
prescribed officers of Spear, as set out below, which aligns with shareholders’ interests and
Spear’s strategy to reduce its loan-to-value.

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the dealings in securities is disclosed:

1.
 NAME OF DIRECTOR                                Quintin Michael Rossi

 COMPANY OF WHICH A DIRECTOR                     Spear REIT Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive

 TYPE AND CLASS OF SECURITIES                    Ordinary shares

 NATURE OF TRANSACTION                           Reinvestment of dividend in terms of
                                                 reinvestment alternative (off-market
                                                 transaction)

 DATE OF TRANSACTION                             20 November 2020

 PRICE PER SECURITY                              445.65535 cents

 NUMBER OF SECURITIES TRANSACTED                 264 752

 TOTAL RAND VALUE OF SECURITIES                  R1 179 881.45
 TRANSACTED

 NAME OF ASSOCIATE                               Evlah Investments Proprietary Limited

 RELATIONSHIP WITH DIRECTOR                      Director is a director of the associate and a
                                                 beneficiary and trustee of the associate’s
                                                 sole shareholder

 NATURE AND EXTENT OF INTEREST IN                Indirect, beneficial
 THE TRANSACTION

2.
 NAME OF DIRECTOR                                Christiaan Barnard

 COMPANY OF WHICH A DIRECTOR                     Spear REIT Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive

 TYPE AND CLASS OF SECURITIES                    Ordinary shares

 NATURE OF TRANSACTION                           Reinvestment of dividend in terms of
                                                 reinvestment alternative (off-market
                                                 transaction)

 DATE OF TRANSACTION                             20 November 2020

 PRICE PER SECURITY                              445.65535 cents

 NUMBER OF SECURITIES TRANSACTED                 5 267                              (1)
                                                 513                                (2)

 TOTAL RAND VALUE OF SECURITIES                  R23 472.67                         (1)
 TRANSACTED                                      R2 286.21                          (2)

 NAME OF ASSOCIATE                               CBJB Investments                   (1)
                                                 Proprietary Limited
                                                 J Barnard                          (2)

 RELATIONSHIP WITH DIRECTOR                      Director is a director and a       (1)
                                                 shareholder of the associate
                                                 Spouse                             (2)

 NATURE AND EXTENT OF INTEREST IN                Indirect, beneficial               (1)
 THE TRANSACTION                                 Not applicable                     (2)


3.
 NAME OF DIRECTOR                                Michael Naftali Flax

 COMPANY OF WHICH A DIRECTOR                     Spear REIT Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                 Non-executive

 TYPE AND CLASS OF SECURITIES                    Ordinary shares

 NATURE OF TRANSACTION                           Reinvestment of dividend in terms of
                                                 reinvestment alternative (off-market
                                                 transaction)

 DATE OF TRANSACTION                             20 November 2020

 PRICE PER SECURITY                              445.65535 cents
 
 NUMBER OF SECURITIES TRANSACTED                 1 370 076                          (1)
                                                 3 983                              (2)
                                                 3 241                              (3)

 TOTAL RAND VALUE OF SECURITIES                  R6 105 817.00                      (1)
 TRANSACTED                                      R17 750.45                         (2)
                                                 R14 443.69                         (3)
 
NAME OF ASSOCIATE                                Fronsac Investments                (1)
                                                 Limited
                                                 Minor Children                     (2) – (3)

 RELATIONSHIP WITH DIRECTOR                      Director is a director             (1)
                                                 of the associate                   (1)
                                                 Minor Children                     (2) – (3)

 NATURE AND EXTENT OF INTEREST IN                Indirect, non-beneficial           (1)
 THE TRANSACTION                                 Indirect, beneficial               (2) – (3)

4.
 NAME OF DIRECTOR                                Abubaker Varachhia

 COMPANY OF WHICH A DIRECTOR                     Spear REIT Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                 Non-executive

 TYPE AND CLASS OF SECURITIES                    Ordinary shares

 NATURE OF TRANSACTION                           Reinvestment of dividend in terms of
                                                 reinvestment alternative (off-market
                                                 transaction)

 DATE OF TRANSACTION                             20 November 2020

 PRICE PER SECURITY                              445.65535 cents

 NUMBER OF SECURITIES TRANSACTED                 690 889                            (1)
                                                 6 103                              (2)
                                                 3 292                              (3)

 TOTAL RAND VALUE OF SECURITIES                  R3 078 983.79                      (1)
 TRANSACTED                                      R27 198.35                         (2)
                                                 R14 670.97                         (3)

 NAME OF ASSOCIATE                               Mtshobela Capital Holdings
                                                 Proprietary Limited                (1)
                                                 Avari Investments                  (2)
                                                 Proprietary Limited
                                                 Navari Investments
                                                 Proprietary Limited                (3)

 RELATIONSHIP WITH DIRECTOR                      Director is a director and a       (1)
                                                 shareholder of the associate
                                                 Director is a beneficiary and      (2) – (3)
                                                 trustee of the associates’
                                                 sole shareholder

 NATURE AND EXTENT OF INTEREST IN                Indirect, beneficial               (1) – (3)
 THE TRANSACTION

5.
 NAME OF DIRECTOR                                Cormack Sean McCarthy

 COMPANY OF WHICH A DIRECTOR                     Spear REIT Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                 Non-executive

 TYPE AND CLASS OF SECURITIES                    Ordinary shares

 NATURE OF TRANSACTION                           Reinvestment of dividend in terms of
                                                 reinvestment alternative (off-market
                                                 transaction)

 DATE OF TRANSACTION                             20 November 2020

 PRICE PER SECURITY                              445.65535 cents

 NUMBER OF SECURITIES TRANSACTED                 1 002 323

 TOTAL RAND VALUE OF SECURITIES                  R4 466 906.07
 TRANSACTED

 NAME OF ASSOCIATE                               Mega Park Investments Proprietary Limited

 RELATIONSHIP WITH DIRECTOR                      Director is a director and shareholder of the
                                                 associate

 NATURE AND EXTENT OF INTEREST IN                Indirect, beneficial
 THE TRANSACTION

6.
 NAME OF DIRECTOR                                Jalaloodien Ebrahim Allie

 COMPANY OF WHICH A DIRECTOR                     Spear REIT Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                 Non-executive

 TYPE AND CLASS OF SECURITIES                    Ordinary shares

 NATURE OF TRANSACTION                           Reinvestment of dividend in terms of
                                                 reinvestment alternative (off-market
                                                 transaction)

 DATE OF TRANSACTION                             20 November 2020

 PRICE PER SECURITY                              445.65535 cents
 
 NUMBER OF SECURITIES TRANSACTED                 6 584

 TOTAL RAND VALUE OF SECURITIES                  R29 341.95
 TRANSACTED

 NAME OF ASSOCIATE                               Snowy Owl Prop 10 Proprietary Limited

 RELATIONSHIP WITH DIRECTOR                      Director is a director and shareholder of the
                                                 associate

 NATURE AND EXTENT OF INTEREST IN                Indirect, beneficial
 THE TRANSACTION

7.
 NAME OF DIRECTOR                                Brian Leon Goldberg

 COMPANY OF WHICH A DIRECTOR                     Spear REIT Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                 Non-executive

 TYPE AND CLASS OF SECURITIES                    Ordinary shares

 NATURE OF TRANSACTION                           Reinvestment of dividend in terms of
                                                 reinvestment alternative (off-market
                                                 transaction)

 DATE OF TRANSACTION                             20 November 2020

 PRICE PER SECURITY                              445.65535 cents

 NUMBER OF SECURITIES TRANSACTED                 28 533

 TOTAL RAND VALUE OF SECURITIES                  R127 158.84
 TRANSACTED

 NAME OF ASSOCIATE                               Jenben Trust

 RELATIONSHIP WITH DIRECTOR                      Director is a beneficiary of the associate

 NATURE AND EXTENT OF INTEREST IN                Indirect, beneficial
 THE TRANSACTION

8.
 NAME OF DIRECTOR                                Niclas Kjellström-Matseke

 COMPANY OF WHICH A DIRECTOR                     Spear REIT Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                 Non-executive

 TYPE AND CLASS OF SECURITIES                    Ordinary shares
 
 NATURE OF TRANSACTION                           Reinvestment of dividend in terms of
                                                 reinvestment alternative (off-market
                                                 transaction)

 DATE OF TRANSACTION                             20 November 2020

 PRICE PER SECURITY                              445.65535 cents

 NUMBER OF SECURITIES TRANSACTED                 41 153

 TOTAL RAND VALUE OF SECURITIES                  R183 400.55
 TRANSACTED

 NATURE AND EXTENT OF INTEREST IN                Direct, beneficial
 THE TRANSACTION

9.
 NAME OF PRECRIBED OFFICER                       Clifford Wade Toerien

 COMPANY OF WHICH A PRESCRIBED                   Spear REIT Limited
 OFFICER

 TYPE AND CLASS OF SECURITIES                    Ordinary shares

 NATURE OF TRANSACTION                           Reinvestment of dividend in terms of
                                                 reinvestment alternative (off-market
                                                 transaction)

 DATE OF TRANSACTION                             20 November 2020

 PRICE PER SECURITY                              445.65535 cents

 NUMBER OF SECURITIES TRANSACTED                 65

 TOTAL RAND VALUE OF SECURITIES                  R289.68
 TRANSACTED

 NATURE AND EXTENT OF INTEREST IN                Direct, beneficial
 THE TRANSACTION

10.
 NAME OF PRECRIBED OFFICER                       Kim Karg

 COMPANY OF WHICH A PRESCRIBED                   Spear REIT Limited
 OFFICER

 TYPE AND CLASS OF SECURITIES                    Ordinary shares

 NATURE OF TRANSACTION                           Reinvestment of dividend in terms of
                                                 reinvestment alternative (off-market
                                                 transaction)

 DATE OF TRANSACTION                             20 November 2020
 
 PRICE PER SECURITY                              445.65535 cents

 NUMBER OF SECURITIES TRANSACTED                 164

 TOTAL RAND VALUE OF SECURITIES                  R730.87
 TRANSACTED

 NATURE AND EXTENT OF INTEREST IN                Direct, beneficial
 THE TRANSACTION

11.
 NAME OF COMPANY SECRETARY                       René Cheryl Stober

 COMPANY OF WHICH A COMPANY                      Spear REIT Limited
 SECRETARY

 TYPE AND CLASS OF SECURITIES                    Ordinary shares

 NATURE OF TRANSACTION                           Reinvestment of dividend in terms of
                                                 reinvestment alternative (off-market
                                                 transaction)

 DATE OF TRANSACTION                             20 November 2020

 PRICE PER SECURITY                              445.65535 cents

 NUMBER OF SECURITIES TRANSACTED                 1 975

 TOTAL RAND VALUE OF SECURITIES                  R8 801.69
 TRANSACTED

 NATURE AND EXTENT OF INTEREST IN                Direct, beneficial
 THE TRANSACTION

Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.

Cape Town
25 November 2020

Sponsor
PSG Capital

Date: 25-11-2020 05:00:00
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