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LIBERTY TWO DEGREES LIMITED - Dealings in securities

Release Date: 05/09/2019 13:30
Code(s): L2D     PDF:  
 
Wrap Text
Dealings in securities

LIBERTY TWO DEGREES LIMITED
(Registration number: 2018/388906/06)
JSE share code: L2D
ISIN: ZAE000260576
(“L2D” or “the Company”)

DEALING IN SECURITIES BY EXECUTIVE DIRECTORS

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, L2D hereby
announces the following transactions for the directors of the Company in terms of L2D’s Restricted
Share Plan (“the “LTIP”).

Director (Chief Executive)                      Amelia Beattie
Date of award                                   1 March 2017
Vesting date                                    1 September 2019
Date of transaction                             2 September 2019
Number of securities                            32 647 ordinary shares
Nature of transaction                           Off-market vesting of restricted share awards in
                                                respect of a portion of short-term incentive
                                                remuneration being deferred and converted into
                                                restricted shares in terms of the LTIP
Vesting periods                                 One-third after 18 months, another one-third after 30
                                                months and the balance after 42 months. No
                                                conditionality applies
Price per share                                 R7.00
Total value of transaction                      R228 529.00
Nature and extent of interest                   Direct beneficial


Director (Chief Executive)                      Amelia Beattie
Date of award                                   1 March 2018
Vesting date                                    1 September 2019
Date of transaction                             2 September 2019
Number of securities                            15 623 ordinary shares
Nature of transaction                           Off-market vesting of restricted share awards in
                                                respect of a portion of short-term incentive
                                                remuneration being deferred and converted into
                                                restricted shares in terms of the LTIP
Vesting periods                                 One-third after 18 months, another one-third after 30
                                                months and the balance after 42 months. No
                                                conditionality applies
Price per share                                 R7.00
Total value of transaction                      R109 361.00
Nature and extent of interest                   Direct beneficial


Director (Chief Executive)                      Amelia Beattie
Date of transaction                             2 and 3 September 2019
Number of securities                            21 810 ordinary shares
Nature of transaction                           On-market sale to cover the income tax liability
Price per share                                 R7.00
Total value of transaction                      R152 670.00
Nature and extent of interest                   Direct beneficial
Director (Financial Director)                  José Richard Snyders
Date of award                                  1 March 2018
Vesting date                                   1 September 2019
Date of transaction                            2 September 2019
Number of securities                           10 415 ordinary shares
Nature of transaction                          Off-market vesting of restricted share awards in
                                               respect of a portion of short-term incentive
                                               remuneration being deferred and converted into
                                               restricted shares in terms of the LTIP
Vesting periods                                One-third after 18 months, another one-third after 30
                                               months and the balance after 42 months. No
                                               conditionality applies
Price per share                                R7.00
Total value of transaction                     R72 905.00
Nature and extent of interest                  Direct beneficial


Clearance to trade was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements.

Johannesburg
5 September 2019


Sponsor:
The Standard Bank of South Africa Limited

Investor Relations
Gareth Rees
Contact number: 011 448 6804

Date: 05/09/2019 01:30:00
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