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LIBERTY TWO DEGREES LIMITED - Dealings in Securities by Directors and the Company Secretary

Release Date: 05/09/2023 14:24
Code(s): L2D     PDF:  
Wrap Text
Dealings in Securities by Directors and the Company Secretary

LIBERTY TWO DEGREES LIMITED
Incorporated in the Republic of South Africa
(Registration number 2018/388906/06)
(Approved as a REIT by the JSE)
Share code: L2D     ISIN: ZAE000260576
(“L2D” or “the Company”)


DEALINGS IN SECURITIES BY DIRECTORS AND THE COMPANY SECRETARY


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


Director (Chief Executive)                        Amelia Beattie
Date of award                                     1 March 2020
Vesting date                                      1 September 2023
Date of transaction                               1 September 2023
Number of securities                              50 962 ordinary shares
Nature of transaction                             Off-market vesting of restricted share awards in respect
                                                  of the third and final tranche of short-term incentive
                                                  remuneration, being deferred and converted into
                                                  restricted shares in terms of the RSP.
Vesting periods                                   One-third after 18 months, another one-third after
                                                  30 months and the balance after 42 months. No
                                                  performance conditionality applies.
Price per share *                                 R5.51
Total value of transaction                        R280 800.62
Nature and extent of interest                     Direct beneficial

Director (Chief Executive)                        Amelia Beattie
Date of award                                     1 March 2021
Vesting date                                      1 September 2023
Date of transaction                               1 September 2023
Number of securities                              18 633 ordinary shares
Nature of transaction                             Off-market vesting of restricted share awards in respect
                                                  of the second tranche of short-term incentive
                                                  remuneration, being deferred and converted into
                                                  restricted shares in terms of the RSP.
Vesting periods                                   One-third after 18 months, another one-third after
                                                  30 months and the balance after 42 months. No
                                                  performance conditionality applies.
Price per share *                                 R5.51
Total value of transaction                        R102 667.83
Nature and extent of interest                     Direct beneficial

Director (Chief Executive)                        Amelia Beattie
Date of award                                     1 March 2022
Vesting date                                      1 September 2023
Date of transaction                               1 September 2023
Number of securities                              94 317 ordinary shares
Nature of transaction                             Off-market vesting of restricted share awards in respect
                                                  of the first tranche of short-term incentive remuneration,
                                                  being deferred and converted into restricted shares in
                                                  terms of the RSP.
Vesting periods                                   One-third after 18 months, another one-third after
                                                  30 months and the balance after 42 months. No
                                                  performance conditionality applies.
Price per share *                                 R5.51
Total value of transaction                        R519 686.67
Nature and extent of interest                     Direct beneficial

Director (Chief Executive)                        Amelia Beattie
Date of transaction                               1 September 2023
Number of securities                              163 912 ordinary shares
Nature of transaction                             On-market sale of ordinary shares following the vesting
                                                  of restricted share awards.
Price per share                                   R5.51
Total value of transaction                        R903 155.12
Nature and extent of interest                     Direct beneficial

The total taxation payable in respect of the aforementioned vesting of the share awards and sale of shares
is R409 419.80.


Director (Chief Commercial Officer)               José Richard Snyders
Date of award                                     1 March 2020
Vesting date                                      1 September 2023
Date of transaction                               1 September 2023
Number of securities                              25 913 ordinary shares
Nature of transaction                             Off-market vesting of restricted share awards in respect
                                                  of the third and final tranche of short-term incentive
                                                  remuneration, being deferred and converted into
                                                  restricted shares in terms of the RSP.
Vesting periods                                   One-third after 18 months, another one-third after
                                                  30 months and the balance after 42 months. No
                                                  performance conditionality applies.
Price per share *                                 R5.51
Total value of transaction                        R142 780.63
Nature and extent of interest                     Direct beneficial

Director (Chief Commercial Officer)               José Richard Snyders
Date of award                                     1 March 2021
Vesting date                                      1 September 2023
Date of transaction                               1 September 2023
Number of securities                              13 947 ordinary shares
Nature of transaction                             Off-market vesting of restricted share awards in respect
                                                  of the second tranche of short-term incentive
                                                  remuneration, being deferred and converted into
                                                  restricted shares in terms of the RSP.
Vesting periods                                   One-third after 18 months, another one-third after
                                                  30 months and the balance after 42 months. No
                                                  performance conditionality applies.
Price per share *                                 R5.51
Total value of transaction                        R76 847.97
Nature and extent of interest                     Direct beneficial

Director (Chief Commercial Officer)               José Richard Snyders
Date of award                                     1 March 2022
Vesting date                                      1 September 2023
Date of transaction                               1 September 2023
Number of securities                              56 309 ordinary shares
Nature of transaction                             Off-market vesting of restricted share awards in respect
                                                  of the first tranche of short-term incentive remuneration
                                                  being deferred and converted into restricted shares in
                                                  terms of the RSP.
Vesting periods                                   One-third after 18 months, another one-third after
                                                  30 months and the balance after 42 months. No
                                                  performance conditionality applies.
Price per share *                                 R5.51
Total value of transaction                        R310 262.59
Nature and extent of interest                     Direct beneficial

Director (Chief Commercial Officer)               José Richard Snyders
Date of transaction                               1 September 2023
Number of securities                              96 169 ordinary shares
Nature of transaction                             On-market sale of ordinary shares following the vesting
                                                  of restricted share awards.
Price per share                                   R5.51
Total value of transaction                        R529 891.19
Nature and extent of interest                     Direct beneficial

The total taxation payable in respect of the vesting of the aforementioned share awards and sale of shares
is R238 451.04.


Company Secretary                                 Benjamin Swanepoel
Date of award                                     1 March 2020
Vesting date                                      1 September 2023
Date of transaction                               1 September 2023
Number of securities                              2 017 ordinary shares
Nature of transaction                             Off-market vesting of restricted share awards in respect
                                                  of the third and final tranche of short-term incentive
                                                  remuneration being deferred and converted into
                                                  restricted shares in terms of the RSP.
Vesting periods                                   One-third after 18 months, another one-third after
                                                  30 months and the balance after 42 months. No
                                                  performance conditionality applies.
Price per share *                                 R5.51
Total value of transaction                        R11 113.67
Nature and extent of interest                     Direct beneficial

Company Secretary                                 Benjamin Swanepoel
Date of transaction                               1 September 2023
Number of securities                              2 017 ordinary shares
Nature of transaction                             On-market sale of ordinary shares following the vesting
                                                  of restricted share awards.
Price per share                                   R5.51
Total value of transaction                        R11 113.67
Nature and extent of interest                     Direct beneficial

The total taxation payable in respect of the vesting of the aforementioned share awards and sale of shares
is R5 001.15.

* The price per share is the closing price of an L2D ordinary share on Thursday, 31 August 2023.

Clearance to trade for all of the above transactions was obtained in terms of paragraph 3.66 of the JSE
Listings Requirements.


Johannesburg
5 September 2023

Sponsor
Merchantec Capital

Investor Relations
Sumenthree Moodley
Contact number: 011 358 9171

Date: 05-09-2023 02:24:00
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