STOR-AGE PROPERTY REIT LIMITED - Acceptance by Directors of Shares Awarded in terms of the Stor-Age Conditional Share Plan

Acceptance by Directors of Shares Awarded in terms of the Stor-Age Conditional Share Plan

Stor-Age Property REIT Limited
Incorporated in the Republic of South Africa
Registration number 2015/168454/06
Share Code: SSS ISIN ZAE000208963
Approved as a REIT by the JSE
(“Stor-Age” or the “Company”)


ACCEPTANCE BY DIRECTORS OF SHARES AWARDED IN TERMS OF THE STOR-AGE
CONDITIONAL SHARE PLAN


In compliance with paragraphs 3.63 to 3.66 of the JSE Listings Requirements, Stor-Age shareholders
are advised that the Company has made the following awards of Performance Shares in terms of the
Stor-Age Property REIT Limited Conditional Share Plan (“CSP”):

Name of director                                        G M Lucas
Type of director                                        Executive
Nature of transaction                                   Off-market acceptance of Performance
                                                        Shares awarded in terms of the CSP
Date of award                                           22 December 2020
Date of acceptance of award                             22 December 2020
Number of Performance Shares awarded                    381 388
Award value per share                                   R13.00
Total value of award                                    R4 958 044
Vesting date                                            15 September 2023*
Nature of interest                                      Direct beneficial

Name of director                                        S C Lucas
Type of director                                        Executive
Nature of transaction                                   Off-market acceptance of Performance
                                                        Shares awarded in terms of the CSP
Date of award                                           22 December 2020
Date of acceptance of award                             22 December 2020
Number of Performance Shares awarded                    381 388
Award value per share                                   R13.00
Total value of award                                    R4 958 044
Vesting date                                            15 September 2023*
Nature of interest                                      Direct beneficial

Name of director                                        S J Horton
Type of director                                        Executive
Nature of transaction                                   Off-market acceptance of Performance
                                                        Shares awarded in terms of the CSP
Date of award                                           22 December 2020
Date of acceptance of award                             22 December 2020
Number of Performance Shares awarded                    381 388
Award value per share                                   R13.00
Total value of award                                    R4 958 044
Vesting date                                            15 September 2023*
Nature of interest                                      Direct beneficial

*NOTE: This assumes the Performance Conditions have been deemed satisfied by the Remuneration
Committee. If not deemed satisfied by 15 September 2023, then the vesting date will be the date upon
which this is finalised by the Remuneration Committee.
Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Listings Requirements.


Claremont
22 December 2020

Sponsor
Investec Bank Limited

Date: 22-12-2020 09:55:00
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