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SPEAR REIT LIMITED - Dealing In Securities By Directors And Prescribed Officers: Acceptance Of Awards And Share Vesting

Release Date: 01/07/2022 17:00
Code(s): SEA     PDF:  
Wrap Text
Dealing In Securities By Directors And Prescribed Officers: Acceptance Of Awards And Share Vesting

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”)

DEALING IN SECURITIES BY DIRECTORS AND PRESCRIBED OFFICERS:
ACCEPTANCE OF AWARDS AND SHARE VESTING

ACCEPTANCE OF AWARDS BY DIRECTORS AND PRESCRIBED OFFICERS IN TERMS
OF THE SPEAR REIT LIMITED CONDITIONAL SHARE PLAN

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the acceptance of conditional awards of performance and
retention Spear shares in terms of the Spear Conditional Share Plan (“CSP”) 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                           Off-market acceptance of conditional
                                                 awards in terms of the CSP

 DATE OF ACCEPTANCE OF AWARDS                    1 July 2022

 AWARD DATE                                      1 July 2022

 AWARD PRICE PER SECURITY (CENTS)                Zero cost

 NUMBER OF AWARDS ACCEPTED                       400 000

 DEEMED VALUE                                    R3,040,000

 VESTING DATES OF AWARDS                         30 June 2026

 NATURE AND EXTENT OF INTEREST IN                Direct, 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                           Off-market acceptance of conditional
                                                 awards in terms of the CSP

 DATE OF ACCEPTANCE OF AWARDS                    1 July 2022

 AWARD DATE                                      1 July 2022

 AWARD PRICE PER SECURITY (CENTS)                Zero cost

 NUMBER OF AWARDS ACCEPTED                       400 000

 DEEMED VALUE                                    R3,040,000

 VESTING DATES OF AWARDS                         30 June 2026

 NATURE AND EXTENT OF INTEREST IN                Direct, beneficial
 THE TRANSACTION


3.
 NAME OF PRESCRIBED OFFICER                      Clifford Wade Toerien

 COMPANY OF WHICH A PRESCRIBED                   Spear REIT Limited
 OFFICER

 TYPE AND CLASS OF SECURITIES                    Ordinary shares

 NATURE OF TRANSACTION                           Off-market acceptance of conditional
                                                 awards in terms of the CSP

 DATE OF ACCEPTANCE OF AWARDS                    1 July 2022

 AWARD DATE                                      1 July 2022

 AWARD PRICE PER SECURITY (CENTS)                Zero cost

 NUMBER OF AWARDS ACCEPTED                       400 000

 DEEMED VALUE                                    R3,040,000

 VESTING DATES OF AWARDS                         30 June 2026

 NATURE AND EXTENT OF INTEREST IN                Direct, beneficial
 THE TRANSACTION

4.
 NAME OF PRESCRIBED OFFICER                      Kim Pfaff-Karg

 COMPANY OF WHICH A PRESCRIBED                   Spear REIT Limited
 OFFICER

 TYPE AND CLASS OF SECURITIES                    Ordinary shares

 NATURE OF TRANSACTION                           Off-market acceptance of conditional
                                                 awards in terms of the CSP

 DATE OF ACCEPTANCE OF AWARDS                    1 July 2022

 AWARD DATE                                      1 July 2022

 AWARD PRICE PER SECURITY (CENTS)                Zero cost

 NUMBER OF AWARDS ACCEPTED                       200 000

 DEEMED VALUE                                    R1,520,000

 VESTING DATES OF AWARDS                         30 June 2026

 NATURE AND EXTENT OF INTEREST IN                Direct, beneficial
 THE TRANSACTION


VESTING OF AWARDS TO DIRECTORS AND PRESCRIBED OFFICER IN TERMS OF THE
SPEAR REIT LIMITED CONDITIONAL SHARE PLAN

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the vesting of performance and retention Spear shares in
terms of the CSP:

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                           Off-market vesting of shares obtained in
                                                 terms of the CSP

 DATE OF AWARD                                   1 July 2018

 PRICE PER SECURITY (CENTS)                      760

 NUMBER OF SECURITIES                            219 579

 TOTAL RAND VALUE OF SECURITIES                  R1,668,800.40
 TRANSACTED

 DATE OF TRANSACTION                             01 July 2022

 NATURE AND EXTENT OF INTEREST IN                Direct, 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                           Off-market vesting of shares obtained in
                                                 terms of the Spear CSP Scheme

 DATE OF AWARD                                   1 July 2018

 PRICE PER SECURITY (CENTS)                      760

 NUMBER OF SECURITIES                            219 579

 TOTAL RAND VALUE OF SECURITIES                  R1,668,800.40
 TRANSACTED

 DATE OF TRANSACTION                             01 July 2022

 NATURE AND EXTENT OF INTEREST IN Direct, beneficial
 THE TRANSACTION

3.
 NAME OF PRESCRIBED OFFICER                     Clifford Wade Toerien

 COMPANY OF WHICH A PRESCRIBED                  Spear REIT Limited
 OFFICER

 TYPE AND CLASS OF SECURITIES                   Ordinary shares

 NATURE OF TRANSACTION                          Off-market vesting of shares obtained in
                                                terms of the Spear CSP Scheme

 DATE OF AWARD                                  1 July 2018

 PRICE PER SECURITY (CENTS)                     760

 NUMBER OF SECURITIES                           221 375
 
 TOTAL RAND VALUE OF SECURITIES                 R1,682,450
 TRANSACTED

 DATE OF TRANSACTION                            01 July 2022

 NATURE AND EXTENT OF INTEREST IN               Direct, beneficial
 THE TRANSACTION

The date of vesting was 30 June 2022. Clearance for the above was obtained in terms of
paragraph 3.66 of the JSE Limited Listings Requirements.

Cape Town
1 July 2022

Sponsor
PSG Capital

Date: 01-07-2022 05:00:00
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