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

Stor-Age has made the following awards of Performance and Retention Shares in terms of The Stor-
Age Property REIT Limited Conditional Share Plan (“CSP”), which comprises:
•     Performance Shares; and
•     Retention Shares.

Name of director:                       GM Lucas
Type of director:                       Executive director
Nature of transaction:                  Off-market acceptance of Performance and Retention
                                        Shares awarded in terms of the CSP
Date of award:                          13 March 2019
Date of acceptance of award:            29 March 2019
Number of shares awarded:
  Performance Shares                    128 719
  Retention Shares                      42 906
Per share value of the award:           R13.11
Total value of award:                   R2 250 000
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 and Retention
                                        Shares awarded in terms of the CSP
Date of award:                          13 March 2019
Date of acceptance of award:            29 March 2019
Number of shares awarded:
  Performance Shares                    128 719
  Retention Shares                      42 906
Per share value of the award:           R13.11
Total value of award:                   R2 250 000
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 and Retention
                                        Shares awarded in terms of the CSP
Date of award:                          13 March 2019
Date of acceptance of award:            29 March 2019
Number of shares awarded:
  Performance Shares                    128 719
  Retention Shares                      42 906
Per share value of the award:           R13.11
Total value of award:                   R2 250 000
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
29 March 2019

Sponsor
Questco Corporate Advisory (Pty) Ltd

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