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EMIRA PROPERTY FUND LIMITED - Directors acquisition of shares

Release Date: 28/06/2019 17:35
Code(s): EMI     PDF:  
 
Wrap Text
Directors’ acquisition of shares

EMIRA PROPERTY FUND LIMITED
Incorporated in the Republic of South Africa
(Registration number 2014/130842/06)
JSE share code: EMI     ISIN: ZAE000203063
(Approved as a REIT by the JSE)
(“Emira” or “the Company”)


DIRECTORS’ ACQUISITION OF SHARES

In compliance with paragraph 3.63 of the Listings Requirements of the JSE Limited, the following
information is disclosed in respect of the acquisition by the executive directors of the Company of shares
via The ESA Trust in terms of the Emira Share Subscription Scheme (“the Subscription”).

Shareholders are advised that in anticipation of the Subscription, the Company repurchased 7 200 000
Emira ordinary shares (the “Repurchase Shares”) during the period 23 May 2019 to 25 June 2019 in
the open market at an average price of R13.80958 in terms of a general authority granted by the
Company’s shareholders at the Company’s annual general meeting held on 15 November 2018. The
Repurchase Shares were cancelled on 28 June 2019 upon the Subscription.

Name of director:                       G Jennett
Date of acquisition:                    28 June 2019
Number of shares acquired:              3 168 000
Issue price:                            R13.8262 (being the 30-day VWAP at 24 June 2019)
Value of transaction:                   R43 801 402
Nature of transaction:                  Off market subscription of shares via The ESA Trust, utilising
                                        funding from 3rd parties and Emira in accordance with the
                                        Emira Share Subscription Scheme
Class of securities:                    Ordinary shares
Type of interest:                       Direct beneficial
Clearance to deal obtained:             Yes

Name of director:                       G Booyens
Date of acquisition:                    28 June 2019
Number of shares acquired:              2 016 000
Issue price:                            R13.8262 (being the 30-day VWAP at 24 June 2019)
Value of transaction:                   R27 873 619
Nature of transaction:                  Off market subscription of shares via The ESA Trust, utilising
                                        funding from 3rd parties and Emira in accordance with the
                                        Emira Share Subscription Scheme
Class of securities:                    Ordinary shares
Type of interest:                       Direct beneficial
Clearance to deal obtained:             Yes

Name of director:                       U van Biljon
Date of acquisition:                    28 June 2019
Number of shares acquired:              2 016 000
Issue price:                            R13.8262 (being the 30-day VWAP at 24 June 2019)
Value of transaction:                   R27 873 619
Nature of transaction:                  Off market subscription of shares via The ESA Trust, utilising
                                        funding from 3rd parties and Emira in accordance with the
                                        Emira Share Subscription Scheme
Class of securities:                    Ordinary shares
Type of interest:                       Direct beneficial
Clearance to deal obtained:             Yes

Bryanston
28 June 2019

Sponsor
Questco Corporate Advisory Proprietary Limited

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