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Acceptance of awards in terms of the Safari Long-Term Share Incentive Plan ("LTIP")
SAFARI INVESTMENTS RSA LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2000/015002/06)
Approved as a REIT by the JSE Limited
Share code: SAR
ISIN: ZAE000188280
("Safari" or "the Company")
ACCEPTANCE OF AWARDS IN TERMS OF THE SAFARI LONG-TERM SHARE
INCENTIVE PLAN ("LTIP")
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited ("JSE") Listings Requirements
("Listings Requirements"), the following information regarding the acceptance of awards by
participants in terms of the Safari LTIP are herewith disclosed:
1.
NAME OF DIRECTOR Dirk Engelbrecht
COMPANY OF WHICH A DIRECTOR Safari Investments RSA Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Off-market acceptance of maximum
conditional share awards in terms of the
Safari LTIP (1) vesting on a 3-year rolling
period starting 30 September 2027 and
(2) subject to the achievement of vesting
conditions
DATE OF ACCEPTANCE 27 September 2024
DEEMED PRICE PER SECURITY (CENTS) 554
(3)
MAXIMUM NUMBER OF SECURITIES 148 841
AWARDED
DEEMED TOTAL RAND VALUE OF R824 579.14
SECURITIES AWARDED
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
2.
NAME OF DIRECTOR Willem Venter
COMPANY OF WHICH A DIRECTOR Safari Investments RSA Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Off-market acceptance of maximum
conditional share awards in terms of the
Safari LTIP (1) vesting on a 3-year rolling
period starting 30 September 2027 and
(2) subject to the achievement of vesting
conditions
DATE OF ACCEPTANCE 27 September 2024
DEEMED PRICE PER SECURITY (CENTS) 554
(3)
MAXIMUM NUMBER OF SECURITIES 126 227
AWARDED
DEEMED TOTAL RAND VALUE OF R699 297.58
SECURITIES AWARDED
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
3.
NAME OF PRESCRIBED OFFICER Martin Basson
COMPANY OF WHICH A PRESCRIBED Safari Investments RSA Limited
OFFICER
STATUS Prescribed Officer: Chief Operating
Officer
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Off-market acceptance of maximum
conditional share awards in terms of the
Safari LTIP (1) vesting on a 3-year rolling
period starting 30 September 2027 and
(2) subject to the achievement of vesting
conditions
DATE OF ACCEPTANCE 27 September 2024
DEEMED PRICE PER SECURITY (CENTS) 554
(3)
MAXIMUM NUMBER OF SECURITIES 84 960
AWARDED
DEEMED TOTAL RAND VALUE OF R470 678.40
SECURITIES AWARDED
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
4.
NAME OF COMPANY SECRETARY Pieter van Niekerk
COMPANY OF WHICH A COMPANY Safari Investments RSA Limited
SECRETARY
STATUS Company Secretary
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Off-market acceptance of maximum
conditional share awards in terms of the
Safari LTIP (1) vesting on a 3-year rolling
period starting 30 September 2027 and
(2) subject to the achievement of vesting
conditions
DATE OF ACCEPTANCE 27 September 2024
DEEMED PRICE PER SECURITY (CENTS) 554
(3)
MAXIMUM NUMBER OF SECURITIES 37 840
AWARDED
DEEMED TOTAL RAND VALUE OF R209 633.60
SECURITIES AWARDED
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
Notes:
1. A conditional share award means the right of the employee to acquire shares granted in terms of
the Safari LTIP of which i. 50% of the shares forming the subject of the award shall be in the form of
performance shares and ii. 50% of the shares forming the subject of the award shall be in the form
of retention shares.
2. The performance shares to be awarded are subject to measurement against the following
performance conditions:
i) Absolute Total Return measured against the risk-free rate annual average 10-year bond yield;
ii) Relative Total Return measured against adjusted FTSE / JSE REIT Index;
iii) Relative Total Shareholder Return measured against adjusted FTSE / JSE REIT Index; and
iv) Average personal score on key deliverables over a 3-year rolling period.
3. As the LTIP is share based and not option/price based, the deemed price per security is illustrative
only.
Clearance for the above transactions was obtained in terms of paragraph 3.66 of the Listings
Requirements.
Pretoria
30 September 2024
Sponsor
Valeo Capital (Pty) Ltd
Date: 30-09-2024 10:20:00
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