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GROWTHPOINT PROPERTIES LIMITED - Dealing in securities by a Director of the Company

Release Date: 19/03/2020 10:14
Code(s): GRT     PDF:  
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Dealing in securities by a Director of the Company

Growthpoint Properties Limited
Approved as a REIT by the JSE
(Incorporated in the Republic of South
Africa)
(Registration number 1987/004988/06)
Share code: GRT ISIN ZAE000179420
(“Growthpoint”)

DEALING IN SECURITIES BY A DIRECTOR OF THE COMPANY

In compliance with the JSE Limited Listings Requirements, the
following information is disclosed:

Director                         :   Mzolisi Diliza
Position                         :   Non-Executive Director

Date of transaction              :   17 March 2020
Class of securities              :   Ordinary shares in
                                     Growthpoint Properties Ltd
Nature of transactions           :   Off-market collar hedge over
                                     5 577 940 ordinary shares of
                                     the Company with a put strike
                                     price of R14.00 and a call
                                     strike price of R19.60 and
                                     expiry on 31 March 2023 by
                                     Quick Leap Investments (Pty)
                                     Ltd
Value of Transaction             :   R78,091,160.00

Nature of interest               :   Indirect beneficial
Clearance obtained               :   Yes

Date of transaction              :   17 March 2020
Class of securities              :   Ordinary shares in
                                     Growthpoint Properties Ltd
Nature of transactions           :   Off-market collar hedge over
                                     5 577 940 ordinary shares of
                                     the Company with a put strike
                                     price of R14.00 and a call
                                     strike price of R19.60 and
                                     expiry on 16 May 2023 by
                                     Quick Leap Investments (Pty)
                                     Ltd
Value of Transaction             :   R78,091,160.00


Nature of interest               :   Indirect beneficial
Clearance obtained               :   Yes

Date of transaction              :   17 March 2020
Class of securities              :   Ordinary shares in
                                     Growthpoint Properties Ltd
Nature of transactions           :   Off-market collar hedge over
                                     5 577 940 ordinary shares of
                                     the Company with a put strike
                                     price of R14.00 and a call
                                     strike price of R19.60 and
                                     expiry on 30 June 2023 by
                                     Quick Leap Investments (Pty)
                                     Ltd
Value of transaction             :   R78,091,160.00
Nature of interest               :   Indirect beneficial
Clearance obtained               :   Yes



Mr Diliza entered into a financing agreement with a financial
institution which consists of a loan agreement securitised by
a simultaneous collar hedge and equity lending transaction.

The proceeds of the loan will be utilized to settle an
outstanding financial obligation.


19 March 2020

Sponsor
Investec Bank Limited

Date: 19-03-2020 10:14:00
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