SPEAR REIT LIMITED - Acceptance Of Awards By Directors In Terms Of The Spear REIT Limited Conditional Share Plan

Acceptance Of Awards By Directors 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
Approved as a REIT by the JSE
(“Spear” or “the Company”)

ACCEPTANCE OF AWARDS BY DIRECTORS 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 2019

AWARD DATE                                     1 July 2019

AWARD PRICE PER SECURITY (CENTS)               Zero cost

NUMBER OF AWARDS ACCEPTED                      400 000

DEEMED VALUE                                   R4 116 000

VESTING DATES OF AWARDS                        30 June 2023

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 2019

AWARD DATE                                     1 July 2019

AWARD PRICE PER SECURITY (CENTS)               Zero cost

NUMBER OF AWARDS ACCEPTED                      400 000

DEEMED VALUE                                   R4 116 000

VESTING DATES OF AWARDS                        30 June 2023

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
1 July 2019

Sponsor
PSG Capital

Date: 01/07/2019 12:00:00 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.