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EQUITES PROPERTY FUND LIMITED - Dealings in securities by directors of the company

Release Date: 07/06/2019 17:17
Code(s): EQU     PDF:  
Wrap Text
Dealings in securities by directors of the company

EQUITES PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/080877/06)
JSE share code: EQU  ISIN: ZAE000188843
(Approved as a REIT by the JSE)
("Equites" or "the Company")


DEALINGS IN SECURITIES BY DIRECTORS OF EQUITES


Following the acceptance of conditional awards in terms of the rules of the Equites Conditional Share Plan 
("CSP"), shareholders are advised of the following information relating to the issue of shares under the CSP.

The rules of the CSP allow participants to defer the vesting of the applicable tranche of shares by a further 
24 months which will result in the conditional awards increasing on a 3-for-1 basis by the issue of matching shares 
("the Matching Facility") provided that the participant remains in the Company's employment and does not sell any of 
the shares in that tranche for these further 24 months. The following directors have elected to defer vesting and
accordingly the shares issued will be pledged to the Company for a further 24 months:

Name of director:                                    Andrea Taverna-Turisan
Date of transaction:                                 3 June 2019
Class of securities:                                 Ordinary shares
Number of securities:                                158 073
Price per security:                                  R12.38
Total value of transaction:                          R1 956 943.74
Nature of transaction:                               Issue and pledge of shares in terms of the CSP
Nature and extent of director's interest:            Direct beneficial
Clearance to deal received:                          Yes

The director contributed an additional 227 472 shares, held by him as a participant of the CSP, to the Matching
Facility.

Name of director:                                    Bram Goossens
Date of transaction:                                 3 June 2019
Class of securities:                                 Ordinary shares
Number of securities:                                181 669
Price per security:                                  R12.38
Total value of transaction:                          R2 249 062.22
Nature of transaction:                               Issue and pledge of shares in terms of the CSP
Nature and extent of director’s interest:            Direct beneficial
Clearance to deal received:                          Yes

The director contributed an additional 106 338 shares, held by him as a participant of the CSP, to the Matching
Facility.

Name of director:                                    Riaan Gous
Date of transaction:                                 3 June 2019
Class of securities:                                 Ordinary shares
Number of securities:                                150 532
Price per security:                                  R12.38
Total value of transaction:                          R1 863 586.16
Nature of transaction:                               Issue and pledge of shares in terms of the CSP
Nature and extent of director’s interest:            Direct beneficial
Clearance to deal received:                          Yes

The director contributed an additional 137 475 shares, held by him as a participant of the CSP, to the Matching
Facility.
      


7 June 2019


Sponsor
Java Capital

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