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BALWIN PROPERTIES LIMITED - Dealings in securities by Executive Directors: Award of long-term incentive shares

Release Date: 27/02/2019 09:42
Code(s): BWN     PDF:  
Wrap Text
Dealings in securities by Executive Directors: Award of long-term incentive shares

Balwin Properties Limited
(Incorporated in the Republic of South Africa)
Registration number 2003/028851/06
Share code: BWN
ISIN: ZAE000209532
(“Balwin” or “the Group”)


DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS: AWARD OF LONG-TERM INCENTIVE SHARES


In compliance with the JSE Listings Requirements, shareholders are advised of the acceptance of
bonus shares by executive directors of the company that were issued in terms of the companies
conditional share plan (“CSP”). CSP awards are subject to retention.

In compliance with rules 3.63 to 3.66 of the JSE Listings Requirements, the following information is
disclosed:

 Name of director:                 Stephen Volker Brookes
 Designation:                      Chief Executive Officer
 Name of company:                  Balwin Properties Limited
 Number of shares:                 1 220 156
 Deemed price:                     2.54
 Deemed value:                     R3 099 196
 Acceptance of award:              26 February 2019
 Nature of transaction:            Off-market acceptance of allocation of CSP awards
 Nature of interest:               Direct beneficial
 Clearance obtained:               Yes

 Name of director:                 Rodney Norman Gray
 Designation:                      Managing Director
 Name of company:                  Balwin Properties Limited
 Number of shares:                 845 204
 Deemed price:                     2.54
 Deemed value:                     R2 146 818
 Acceptance of award:              26 February 2019
 Nature of transaction:            Off-market acceptance of allocation of CSP awards
 Nature of interest:               Direct beneficial
 Clearance obtained:               Yes

 Name of director:                 Jonathan Weltman
 Designation:                      Chief Financial Officer
 Name of company:                  Balwin Properties Limited
 Number of shares:                 431 745
 Deemed price:                     2.54
 Deemed value:                     R1 096 632
 Acceptance of award:              26 February 2019
 Nature of transaction:            Off-market acceptance of allocation of CSP awards
 Nature of interest:               Direct beneficial
 Clearance obtained:               Yes

Bedfordview
27 February 2019

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