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EMIRA PROPERTY FUND LIMITED - Acceptance by Directors of Shares Awarded

Release Date: 15/10/2018 15:04
Code(s): EMI     PDF:  
Wrap Text
Acceptance by Directors of Shares Awarded

EMIRA PROPERTY FUND LIMITED
Incorporated in the Republic of South Africa
(Registration number 2014/130842/06)
JSE share code: EMI     ISIN: ZAE000203063
(Approved as a REIT by the JSE)
(“Emira” or “the Company”)

ACCEPTANCE BY DIRECTORS OF SHARES AWARDED

In compliance with paragraph 3.63 of the Listings Requirements of the JSE Limited, the following
information is disclosed in respect of the acceptance by directors of the Company of shares awarded
in terms of the Emira Forfeitable Share Plan (“Emira FSP”):


Name of director:                       G Jennett
Date of acceptance:                     12 October 2018
Number of shares accepted:              193 500
Issue price:                            Rnil (Free of charge)
Notional value of transaction (based    R2 883 150.00
on an implied price of R14.90 per
share, being the closing price on the
date immediately preceding the date
of this announcement):
Nature of transaction:                  Off-market acceptance of shares acquired by Emira in the
                                        market and awarded in terms of the Emira FSP, which shares
                                        will vest on the satisfaction of certain conditions as set out in
                                        the Emira FSP
Vesting dates:                          The shares will vest in equal tranches on 15 September 2021,
                                        15 September 2022 and 15 September 2023, respectively
Class of securities:                    Ordinary shares
Type of interest:                       Direct beneficial
Clearance to deal obtained:             Yes


Name of director:                       G Booyens
Date of acceptance:                     12 October 2018
Number of shares accepted:              116 800
Issue price:                            Rnil (Free of charge)
Notional value of transaction (based    R1 740 320.00
on an implied price of R14.90 per
share, being the closing price on the
date immediately preceding the date
of this announcement):
Nature of transaction:                  Off-market acceptance of shares acquired by Emira in the
                                        market and awarded in terms of the Emira FSP, which shares
                                        will vest on the satisfaction of certain conditions as set out in
                                        the Emira FSP
Vesting dates:                          The shares will vest in equal tranches on 15 September 2021,
                                        15 September 2022 and 15 September 2023, respectively
Class of securities:                    Ordinary shares
Type of interest:                       Direct beneficial
Clearance to deal obtained:             Yes
Name of director:                       U van Biljon
Date of acceptance:                     12 October 2018
Number of shares accepted:              137 600
Issue price:                            Rnil (Free of charge)
Notional value of transaction (based    R2 050 240.00
on an implied price of R14.90 per
share, being the closing price on the
date immediately preceding the date
of this announcement ):
Nature of transaction:                  Off-market acceptance of shares acquired by Emira in the
                                        market and awarded in terms of the Emira FSP, which shares
                                        will vest on the satisfaction of certain conditions as set out in
                                        the Emira FSP
Vesting dates:                          The shares will vest in equal tranches on 15 September 2021,
                                        15 September 2022 and 15 September 2023, respectively
Class of securities:                    Ordinary shares
Type of interest:                       Direct beneficial
Clearance to deal obtained:             Yes


In compliance with paragraph 3.63 of the Listings Requirements of the JSE Limited, the following
information is disclosed in respect of the acceptance by directors of the Company of shares acquired
by Emira in the market and awarded as a result of the directors increasing the notice period per their
employment contracts to a consistent four months:


Name of director:                       G Jennett
Date of acceptance:                     12 October 2018
Number of shares accepted:              22 446
Issue price:                            Rnil (Free of charge)
Notional value of transaction (based    R334 445.40
on an implied price of R14.90 per
share, being the closing price on the
date immediately preceding the date
of this announcement):
Nature of transaction:                  Off-market acceptance of shares awarded in terms of a one
                                        month increased employment contract notice period
Vesting dates:                          Subject to still being in the employ of the Company, the
                                        shares will vest on 15 September 2021
Class of securities:                    Ordinary shares
Type of interest:                       Direct beneficial
Clearance to deal obtained:             Yes


Name of director:                       G Booyens
Date of acceptance:                     12 October 2018
Number of shares accepted:              14 624
Issue price:                            Rnil (Free of charge)
Notional value of transaction (based    R217 897.60
on an implied price of R14.90 per
share, being the closing price on the
date immediately preceding the date
of this announcement ):
Nature of transaction:                  Off-market acceptance of shares awarded in terms of a one
                                        month increased employment contract notice period
Vesting dates:                          Subject to still being in the employ of the Company, the
                                        shares will vest on 15 September 2021
Class of securities:                    Ordinary shares
Type of interest:                       Direct beneficial
Clearance to deal obtained:             Yes


Name of director:                       U van Biljon
Date of acceptance:                     12 October 2018
Number of shares accepted:              29 629
Issue price:                            Rnil (Free of charge)
Notional value of transaction (based    R441 472.10
on an implied price of R14.90 per
share, being the closing price on the
date immediately preceding the date
of this announcement ):
Nature of transaction:                  Off-market acceptance of shares awarded in terms of a two
                                        month increased employment contract notice period
Vesting dates:                          Subject to still being in the employ of the Company, the
                                        shares will vest on 15 September 2021
Class of securities:                    Ordinary shares
Type of interest:                       Direct beneficial
Clearance to deal obtained:             Yes


Bryanston
15 October 2018

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 15/10/2018 03:04:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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