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Vesting, Exercise And Related Settlement Of Awards In Terms Of The Spear Reit Limited Conditional Share 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")
VESTING, EXERCISE AND RELATED SETTLEMENT OF AWARDS 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 and exercise of awards in terms of the Spear REIT Limited Conditional
Shares Plan ("CSP") by directors and a prescribed officer of the Company are disclosed to shareholders.
Upon the vesting and exercise of the awards, Spear elected to settle same on an after-tax net equity
settlement basis, through the issue of new ordinary shares as detailed below:
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 Vesting of awards and related after-tax net-equity
settlement through the issue of shares to the
director at the closing share price on 28 June 2024
of R8.65 (off-market transaction)
NUMBER OF SECURITIES ISSUED 138 600
DATE OF AWARD 1 July 2020
VESTING DATE 30 June 2024
SETTLEMENT DATE 8 July 2024
AWARD STRIKE PRICE Nil
DEEMED PRICE PER SECURITY R8.65 (being the last closing share price on
28 June 2024, prior to the vesting date of
30 June 2024)
TOTAL DEEMED RAND VALUE OF R1 198 890
SECURITIES TRANSACTED
NATURE AND EXTENT OF INTEREST IN THE Direct, beneficial
TRANSACTION
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 Vesting of awards and related after-tax net-equity
settlement through the issue of shares to the
director at the closing share price on 28 June 2024
of R8.65 (off-market transaction)
NUMBER OF SECURITIES ISSUED 138 600
DATE OF AWARD 1 July 2020
VESTING DATE 30 June 2024
SETTLEMENT DATE 8 July 2024
AWARD STRIKE PRICE Nil
DEEMED PRICE PER SECURITY R8.65 (being the last closing share price on
28 June 2024, prior to the vesting date of
30 June 2024)
TOTAL DEEMED RAND VALUE OF R1 198 890
SECURITIES TRANSACTED
NATURE AND EXTENT OF INTEREST IN THE Direct, beneficial
TRANSACTION
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 Vesting of awards and related after-tax net-equity
settlement through the issue of shares to the
prescribed officer at the closing share price on
28 June 2024 of R8.65 (off-market transaction)
NUMBER OF SECURITIES ISSUED 139 008
DATE OF AWARD 1 July 2020
VESTING DATE 30 June 2024
SETTLEMENT DATE 8 July 2024
AWARD STRIKE PRICE Nil
DEEMED PRICE PER SECURITY R8.65 (being the last closing share price on
28 June 2024, prior to the vesting date of
30 June 2024)
TOTAL DEEMED RAND VALUE OF R1 202 419
SECURITIES TRANSACTED
NATURE AND EXTENT OF INTEREST IN THE Direct, beneficial
TRANSACTION
Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements.
Cape Town
8 July 2024
Sponsor
PSG Capital
Date: 08-07-2024 08:00:00
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