IMPERIAL LOGISTICS LIMITED - Vesting of rights and matching of shares in terms of share incentive schemes which were awarded in 2018

Vesting of rights and matching of shares in terms of share incentive schemes which were awarded in 2018

Imperial Logistics Limited
(Incorporated in the Republic of South Africa)
Registration number: 1946/021048/06
ISIN: ZAE000067211
Share code: IPL
("Imperial")

VESTING OF RIGHTS AND MATCHING OF SHARES IN TERMS OF SHARE INCENTIVE
SCHEMES WHICH WERE AWARDED IN 2018 AND DEALINGS BY DIRECTORS AND PRESCRIBED
OFFICERS

In compliance with the Listings Requirements of the JSE Limited the
following information is provided in relation to directors and prescribed
officers of Imperial:

Vesting of no consideration ordinary shares in terms of Deferred Bonus Plan
(DBP) and Conditional Share Plan (CSP) at a price of R63.075 per share on
15 September 2021.

DBP shares were acquired by scheme participants in 2018 on the open market
at the then ruling price. Upon vesting, matching ordinary shares are
awarded at no further consideration.

Director:                                          M Akoojee
Nature and extent of interest in transaction:      Direct/beneficial
Number of matching DBP shares vested:              142 111
Total value of transaction:                        R8 963 651.33

Director:                                          M Akoojee
Nature and extent of interest in transaction:      Direct/beneficial
Number of CSP shares vested:                       28 806
Total value of transaction:                        R1 816 938.45

Director:                                          M Akoojee
Nature of transaction:                             Sale of shares to settle
                                                   the tax liability
Type of trade:                                     On market
Number of shares sold:                             78 622
Volume weighted average selling price per share:   R63.075
Highest selling price per share:                   R63.10
Lowest selling price per share:                    R62.70
Total value of transaction:                        R4 959 082.65

Director:                                          JG de Beer
Nature and extent of
interest in transaction:                           Direct/beneficial
Number of matching DBP shares vested:              76 817
Total value of transaction:                        R4 845 232.28

Director:                                          JG de Beer
Nature and extent of
interest in transaction:                           Direct/beneficial
Number of CSP shares vested:                       19 204
Total value of transaction:                        R1 211 292.30
Director:                                          JG de Beer
Nature of transaction:                             Sale of shares to settle
                                                   the tax liability
Type of trade:                                     On market
Number of shares sold:                             44 170
Volume weighted average selling price per share:   R63.075
Highest selling price per share:                   R63.10
Lowest selling price per share:                    R62.70
Total value of transaction:                        R2 786 022.75

Prescribed Officer:                                J Truter
Nature and extent of
interest in transaction:                           Direct/beneficial
Number of matching DBP shares vested:              16 132
Total value of transaction:                        R1 017 525.90

Prescribed Officer:                                J Truter
Nature of transaction:                             Sale of shares
Type of trade:                                     On market
Nature and extent of
interest in transaction:                           Direct/beneficial
Number of shares sold:                             16 132
Volume weighted average selling price per share:   R63.075
Highest selling price per share:                   R63.10
Lowest selling price per share:                    R62.70
Total value of transaction:                        R1 017 525.90

Prescribed Officer:                                J Truter
Nature and extent of
interest in transaction:                           Direct/beneficial
Number of CSP shares vested:                       14 883
Total value of transaction:                        R938 745.23

Prescribed Officer:                                J Truter
Nature of transaction:                             Sale of shares
Type of trade:                                     On market
Nature and extent of
interest in transaction:                           Direct/beneficial
Number of shares sold:                             14 883
Volume weighted average selling price per share:   R63.075
Highest selling price per share:                   R63.10
Lowest selling price per share:                    R62.70
Total value of transaction:                        R938 745.23

Prescribed Officer:                                H Bicil
Nature and extent of
interest in transaction:                           Direct/beneficial
Number of CSP shares vested:                       15 843
Total value of transaction:                        R999 297.23

Prior written approval in terms of paragraph 3.66 of the Listings
Requirements was obtained. All trades were done off-market unless stated
otherwise.

Bedfordview
21 September 2021

Sponsor to Imperial
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Enquiries
Imperial Investor Relations
E-mail: esha.mansingh@imperiallogistics.com

Date: 21-09-2021 11:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.