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GROWTHPOINT PROPERTIES LIMITED - Dealings in securities by an executive director

Release Date: 03/12/2021 13:08
Code(s): GRT     PDF:  
Wrap Text
Dealings in securities by an executive director

Growthpoint Properties Limited
Approved as a REIT by the JSE
Incorporated in the Republic of South Africa)
Registration number 1987/004988/06
ISIN: ZAE000179420
JSE Share code: GRT
("Growthpoint”)


DEALINGS IN SECURITIES BY AN EXECUTIVE DIRECTOR – LN SASSE

Mr Sasse had a total of 460 421 short term incentive options vest. He exercised
all the options of which he sold 207 190 to cover the taxation on these options
and he retained 253 231.

Under the company’s minimum shareholding requirements, introduced two years
ago, Mr Sasse is required to hold shares to the equivalent of 200% of his fixed
remuneration. As of 30 June 2021, Mr Sasse had a shareholding of 2 627 413
shares equating to 536% of his fixed remuneration. Directors have a period of 5
years from the adoption of the policy to accumulate their holdings.

In compliance with the JSE Listings Requirements, the following information is
disclosed.


Director                             : Mr LN Sasse
Company                              : Growthpoint Properties Limited
Date of transaction                  : 2 December 2021
Nature of transaction                : On-market sale
Number of securities                 : 207 190
Class of securities                  : Ordinary Shares
Selling price                        : R13.83
Highest price                          R14.00
Loweste price                          R13.61
Total value of transaction           : R2 865 085.48
Nature of interest                   : Direct, Beneficial
Clearance obtained                   : Yes

Director                             : Mr LN Sasse
Company                              : Growthpoint Properties Limited
Date of transaction                  : 2 December 2021
Nature of transaction                : On-market acquisition
Number of securities                 : 253 231
Class of securities                  : Ordinary Shares
Price                                : R13.8283
Total value of transaction           : R3 501 754.24
Nature of interest                   : Direct, Beneficial
Clearance obtained                   : Yes


Sandton

3 December 2021
Sponsor: Investec Bank Limited

Date: 03-12-2021 01:08:00
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