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Vesting of shares awarded to directors, disposal of shares and change in nature of director’s interest in shares
EMIRA PROPERTY FUND LIMITED
Incorporated in the Republic of South Africa
(Registration number 2014/130842/06)
JSE share code: EMI ISIN: ZAE000203063
JSE bond company code: EMII
(Approved as a REIT by the JSE)
("Emira" or "the Company")
VESTING OF SHARES AWARDED TO DIRECTORS, DISPOSAL OF SHARES AND CHANGE IN
NATURE OF DIRECTOR'S INTEREST IN SHARES
Vesting of shares held by directors under Emira's Forfeitable Share Plan
Shareholders and noteholders are advised of the following information relating to dealings in securities
by directors pursuant to the vesting of shares under Emira's Forfeitable Share Plan (the "Emira FSP"):
1. The vesting of the shares awarded to the directors on 7 October 2019 in terms of the Emira FSP,
as disclosed in the announcement released on SENS on 7 October 2019:
Name of executive director: G Jennett
Date of vesting: 22 July 2024
Number of shares vested: 147 182
Issue price: Rnil (Free of charge)
Notional value of transaction (based R1,589,565.60
on an implied price of R10.80 per
share, being the closing price on the
day before the date of vesting):
Nature of transaction: Off-market vesting of shares in terms of the Emira FSP in
accordance with the vesting conditions
Class of securities: Ordinary shares
Type of interest: Direct beneficial
Clearance to deal obtained: Vesting of shares occurs automatically in terms of the Emira
FSP
Name of executive director: G Booyens
Date of vesting: 22 July 2024
Number of shares vested: 79 422
Issue price: Rnil (Free of charge)
Notional value of transaction (based R857,757.60
on an implied price of R10.80 per
share, being the closing price on the
day before the date of vesting):
Nature of transaction: Off-market vesting of shares in terms of the Emira FSP in
accordance with the vesting conditions
Class of securities: Ordinary shares
Type of interest: Direct beneficial
Clearance to deal obtained: Vesting of shares occurs automatically in terms of the Emira
FSP
Name of executive director: U van Biljon
Date of vesting: 22 July 2024
Number of shares vested: 76 323
Issue price: Rnil (Free of charge)
Notional value of transaction (based R824,288.40
on an implied price of R10.80 per
share, being the closing price on the
day before the date of vesting):
Nature of transaction: Off-market vesting of shares in terms of the Emira FSP in
accordance with the vesting conditions
Class of securities: Ordinary shares
Type of interest: Direct beneficial
Clearance to deal obtained: Vesting of shares occurs automatically in terms of the Emira
FSP
2. The vesting of the shares awarded to the directors on 11 November 2020 in terms of the Emira
FSP, as disclosed in the announcement released on SENS on 11 November 2020:
Name of executive director: G Jennett
Date of vesting: 22 July 2024
Number of shares vested: 238 815
Issue price: Rnil (Free of charge)
Notional value of transaction (based R2,579,202.00
on an implied price of R10.80 per
share, being the closing price on the
day before the date of vesting):
Nature of transaction: Off-market vesting of shares in terms of the Emira FSP in
accordance with the vesting conditions
Class of securities: Ordinary shares
Type of interest: Direct beneficial
Clearance to deal obtained: Vesting of shares occurs automatically in terms of the Emira
FSP
Name of executive director: G Booyens
Date of vesting: 22 July 2024
Number of shares vested: 130 500
Issue price: Rnil (Free of charge)
Notional value of transaction (based R1,409,400.00
on an implied price of R10.80 per
share, being the closing price on the
day before the date of vesting):
Nature of transaction: Off-market vesting of shares in terms of the Emira FSP in
accordance with the vesting conditions
Class of securities: Ordinary shares
Type of interest: Direct beneficial
Clearance to deal obtained: Vesting of shares occurs automatically in terms of the Emira
FSP
Name of executive director: U van Biljon
Date of vesting: 22 July 2024
Number of shares vested: 132 628
Issue price: Rnil (Free of charge)
Notional value of transaction (based R1,432,382.40
on an implied price of R10.80 per
share, being the closing price on the
day before the date of vesting):
Nature of transaction: Off-market vesting of shares in terms of the Emira FSP in
accordance with the vesting conditions
Class of securities: Ordinary shares
Type of interest: Direct beneficial
Clearance to deal obtained: Vesting of shares occurs automatically in terms of the Emira
FSP
3. The vesting of the shares awarded to the directors on 15 November 2021 in terms of the Emira
FSP, as disclosed in the announcement released on SENS on 15 November 2021:
Name of executive director: G Jennett
Date of vesting: 22 July 2024
Number of shares vested: 152 226
Issue price: Rnil (Free of charge)
Notional value of transaction (based R1,644,040.80
on an implied price of R10.80 per
share, being the closing price on the
day before the date of vesting):
Nature of transaction: Off-market vesting of shares in terms of the Emira FSP in
accordance with the vesting conditions
Class of securities: Ordinary shares
Type of interest: Direct beneficial
Clearance to deal obtained: Vesting of shares occurs automatically in terms of the Emira
FSP
Name of executive director: G Booyens
Date of vesting: 22 July 2024
Number of shares vested: 83 371
Issue price: Rnil (Free of charge)
Notional value of transaction (based R900,406.80
on an implied price of R10.80 per
share, being the closing price on the
day before the date of vesting):
Nature of transaction: Off-market vesting of shares in terms of the Emira FSP in
accordance with the vesting conditions
Class of securities: Ordinary shares
Type of interest: Direct beneficial
Clearance to deal obtained: Vesting of shares occurs automatically in terms of the Emira
FSP
Name of executive director: U van Biljon
Date of vesting: 22 July 2024
Number of shares vested: 85 667
Issue price: Rnil (Free of charge)
Notional value of transaction (based R925,203.60
on an implied price of R10.80 per
share, being the closing price on the
day before the date of vesting):
Nature of transaction: Off-market vesting of shares in terms of the Emira FSP in
accordance with the vesting conditions
Class of securities: Ordinary shares
Type of interest: Direct beneficial
Clearance to deal obtained: Vesting of shares occurs automatically in terms of the Emira
FSP
Disposal of shares by directors
Shareholders and noteholders are further advised of the following information relating to dealings in
securities by executive directors of Emira in order to settle the tax liability due in respect of the shares
vested under the Emira FSP.
Name of executive director: G Jennett
Date of transaction: 22 July 2024
Nature of transaction: On market disposal
Class of securities: Ordinary shares
Number of shares: 250 272 ordinary shares
Price per share: R10.8407
Total value: R2,713,123.67
Type of interest: Direct beneficial
Clearance to deal obtained: Yes
Name of executive director: G Booyens
Date of transaction: 22 July 2024
Nature of transaction: On market disposal
Class of securities: Ordinary shares
Number of shares: 136 380 ordinary shares
Price per share: R10.8407
Total value: R1,478,454.67
Type of interest: Direct beneficial
Clearance to deal obtained: Yes
Name of executive director: U van Biljon
Date of transaction: 22 July 2024
Nature of transaction: On market disposal
Class of securities: Ordinary shares
Number of shares: 136 997 ordinary shares
Price per share: R10.8407
Total value: R1,485,143.38
Type of interest: Direct beneficial
Clearance to deal obtained: Yes
Change in nature of directors' interest in of shares
On 22 July 2024 G Jennett, an executive director of Emira, transferred 287 951 ordinary shares to AJ
Jennett (his wife) at a price of R10.8407 per ordinary share, for a total value of R3,121,590.41.
Accordingly, G Jennett's interest in the 287 951 ordinary shares ceases to be a direct beneficial
interest and becomes an indirect interest of an associate. The transaction was concluded off-market
and clearance to deal was obtained.
On 22 July 2024 G Booyens, an executive director of Emira, transferred 156 913 ordinary shares to L
Booyens (his wife) at a price of R10.8407 per ordinary share, for a total value of R1,701,046.76.
Accordingly, G Booyens' interest in the 156 913 ordinary shares ceases to be a direct beneficial
interest and becomes an indirect interest of an associate. The transaction was concluded off-market
and clearance to deal was obtained.
On 22 July 2024 U van Biljon, an executive director of Emira, transferred 157 621 ordinary shares to
RN van Biljon (her husband) at a price of R10.8407 per ordinary share, for a total value of
R1,708,721.97. Accordingly, U van Biljon's interest in the 157 621 ordinary shares ceases to be a
direct beneficial interest and becomes an indirect interest of an associate. The transaction was
concluded off-market and clearance to deal was obtained.
Bryanston
23 July 2024
Sponsor
Questco Corporate Advisory Proprietary Limited
Debt Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 23-07-2024 05:26:00
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