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, Shareholders are
advised that Stor-Age has made the following awards of Performance Shares in terms of The Stor-Age
Property REIT Limited Conditional Share Plan (“CSP”):

Name of director:                           GM Lucas
Type of director:                           Executive director
Nature of transaction:                      Off-market acceptance of Performance Shares
                                            awarded in terms of the CSP
Date of award:                              30 August 2019
Date of acceptance of award:                2 September 2019
Number of Performance Shares awarded:       305 111
Per share value of the award:               R13.11
Total value of award:                       R4 000 000
Vesting date:                               1 September 20221
Nature of interest:                         Direct beneficial


Name of director:                           SJ Horton
Type of director:                           Executive director
Nature of transaction:                      Off-market acceptance of Performance Shares
                                            awarded in terms of the CSP
Date of award:                              30 August 2019
Date of acceptance of award:                2 September 2019
Number of Performance Shares awarded:       305 111
Per share value of the award:               R13.11
Total value of award:                       R4 000 000
Vesting date:                               1 September 20221
Nature of interest:                         Direct beneficial


Name of director:                           SC Lucas
Type of director:                           Executive director
Nature of transaction:                      Off-market acceptance of Performance Shares
                                            awarded in terms of the CSP
Date of award:                              30 August 2019
Date of acceptance of award:                2 September 2019
Number of Performance Shares awarded:       305 111
Per share value of the award:               R13.11
Total value of award:                       R4 000 000
Vesting date:                               1 September 20221
Nature of interest:                         Direct beneficial


Note 1 – This assumes the Performance Conditions have been deemed satisfied by the Remuneration
Committee. If not deemed satisfied by 1 September 2022, then the vesting date will be the date on
which this is finalised by the Remuneration Committee.

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


Claremont
2 September 2019

Sponsor
Questco Corporate Advisory (Pty) Ltd

Date: 02/09/2019 03:50:00
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