02 Jul - 3 min read

Acceptance of Awards by Directors and Prescribed Officers in terms of the Spear REIT Limited Conditional Share Plan

Acceptance of Awards by Directors and Prescribed Officers 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”)

ACCEPTANCE OF AWARDS BY DIRECTORS AND PRESCRIBED OFFICERS IN TERMS
OF THE SPEAR REIT LIMITED CONDITIONAL SHARE PLAN (“CSP”)

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 Spear shares 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 2021

 AWARD DATE                                      1 July 2021

 AWARD PRICE PER SECURITY (CENTS)                Zero cost

 NUMBER OF AWARDS ACCEPTED                       168 000

 DEEMED VALUE                                    R1 142 000

 VESTING DATES OF AWARDS                         30 June 2025

 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 2021

 AWARD DATE                                      1 July 2021

 AWARD PRICE PER SECURITY (CENTS)                Zero cost

 NUMBER OF AWARDS ACCEPTED                       168 000

 DEEMED VALUE                                    R1 142 400

 VESTING DATES OF AWARDS                         30 June 2025

 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                    2 July 2021

 AWARD DATE                                      1 July 2021

 AWARD PRICE PER SECURITY (CENTS)                Zero cost

 NUMBER OF AWARDS ACCEPTED                       168 000

 DEEMED VALUE                                    R1 142 000

 VESTING DATES OF AWARDS                         30 June 2025

 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                    2 July 2021

 AWARD DATE                                      1 July 2021

 AWARD PRICE PER SECURITY (CENTS)                Zero cost

 NUMBER OF AWARDS ACCEPTED                       150 000

 DEEMED VALUE                                    R1 020 000

 VESTING DATES OF AWARDS                         30 June 2025

 NATURE AND EXTENT OF INTEREST IN                Direct, beneficial
 THE TRANSACTION

Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.

Cape Town
2 July 2021

Sponsor
PSG Capital

Date: 02-07-2021 02:00:00
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