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SA CORPORATE REAL ESTATE LIMITED - Dealings in Securities

Release Date: 19/06/2024 15:24
Code(s): SAC     PDF:  
Wrap Text
Dealings in Securities

SA Corporate Real Estate Limited
(Incorporated in the Republic of South Africa)
(Registration number 2015/015578/06)
Share code: SAC ISIN: ZAE000203238
(Approved as a REIT by the JSE)
("SA Corporate")

DEALINGS IN SECURITIES

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, SA Corporate
hereby announces the following transactions in securities by directors of SA Corporate, the Company
Secretary, and a director of a major subsidiary of SA Corporate:


Name:                                            TR Mackey
Designation:                                     Chief Executive Officer
Class of securities:                             Ordinary shares

Nature of transaction:                           Off market vesting of 91.7% forfeitable performance
                                                 shares awarded in 2021, 91.7% vesting of two-thirds of
                                                 forfeitable performance shares awarded in 2022 and
                                                 91.7% vesting of one-third of forfeitable performance
                                                 shares aware in 2023 in terms of SA Corporate's
                                                 Forfeitable Share Plan ("FSP")
Date of transaction:                             18 June 2024
Number of forfeitable performance shares:        5 030 573
Vesting price per forfeitable performance        R2.5425
share:
Value of the transaction:                        R12 790 231.85

Nature of transaction:                           On market sale of ordinary shares to settle tax
                                                 obligations arising from the vesting of the above shares

Date of transaction:                             18 June 2024
Number of securities sold:                       2 263 758
Price per security:                              R2.5815
Value of the transaction:                        R5 843 891.28

Nature of transaction:                           Off market acceptance of forfeitable performance share
                                                 awards in terms of the FSP
Date of transaction:                             18 June 2024
Number of forfeitable performance shares         3 010 686
awarded:
Price per forfeitable performance share award:   R2.5425
Value of the transaction:                        R7 654 669.16
Vesting period:                                  Vesting date of 17 June 2027 subject to the fulfilment of
                                                 performance conditions

 Nature of interest:                             Direct beneficial
 Clearance to deal obtained:                     Yes

Name:                                            SY Moodley
Designation:                                     Chief Financial Officer
Nature of transaction:                           Off market acceptance of forfeitable performance share
                                                 awards in terms of the FSP
Class of securities:                             Ordinary shares
Date of transaction:                             18 June 2024
Number of forfeitable performance shares         1 512 267
awarded:
Price per forfeitable performance share award:   R2.5425
Value of the transaction:                        R3 844 938.85
Vesting period:                                  Vesting date of 17 June 2027 subject to the fulfilment of
                                                 performance conditions
Nature of interest:                              Direct beneficial
Clearance to deal obtained:                      Yes

Name:                                            NNN Radebe
Designation:                                     Chief Operating Officer
Nature of interest:                              Direct beneficial
Nature of transaction:                           Off market acceptance of forfeitable performance share
                                                 awards in terms of the FSP
Date of transaction:                             18 June 2024
Number of forfeitable performance shares         1 618 211
awarded:
Price per forfeitable performance share award:   R2.5425
Value of the transaction:                        R4 114 301.47
Vesting period:                                  Vesting date of 17 June 2027 subject to the fulfilment
                                                 performance conditions
Nature of interest:                              Direct beneficial
Clearance to deal obtained:                      Yes

Name:                                            SJ Mojalefa
Designation:                                     Executive director
Class of securities:                             Ordinary shares

Nature of transaction:                           Off market vesting of 91.4% forfeitable performance
                                                 shares awarded in 2021 in terms of the FSP
Date of transaction:                             18 June 2024
Number of forfeitable performance shares:        483 114
Vesting price per forfeitable performance        R2.5425
share:
Value of the transaction:                        R1 228 317.35

Nature of transaction:                           On market sale of ordinary shares
Date of transaction:                             18 June 2024
Number of securities sold:                       483 114
Price per security:                              R2.5815
Value of the transaction:                        R1 247 158.79

Nature of transaction:                           Off market acceptance of forfeitable performance share
                                                 awards in terms of the FSP
Date of transaction:                             18 June 2024
Number of forfeitable performance shares         1 314 042
awarded:
Price per forfeitable performance share award:   R2.5425
Value of the transaction:                        R3 340 951.79
Vesting period:                                  Vesting date of 17 June 2027 subject to the fulfilment of
                                                 performance conditions

Nature of interest:                              Direct beneficial
Clearance to deal obtained:                      Yes

Name:                                            J Grove
Designation:                                     Company Secretary
Class of securities:                             Ordinary shares

Nature of transaction:                           Off market vesting of 93.3% forfeitable performance
                                                 shares awarded in 2021 in terms of the FSP
Date of transaction:                             18 June 2024
Number of forfeitable performance shares:        211 384
Vesting price per forfeitable performance        R2.5425
share:
Value of the transaction:                        R537 443.82

Nature of transaction:                           On market sale of ordinary shares to settle tax
                                                 obligations arising from the vesting of the above shares
Date of transaction:                             18 June 2024
Number of securities sold:                       95 123
Price per security:                              R2.5815
Value of the transaction:                        R245 560.02

Nature of transaction:                           Off market acceptance of forfeitable performance share
                                                 awards in terms of the FSP
Date of transaction:                             18 June 2024
Number of forfeitable performance shares         329 361
awarded:
Price per forfeitable performance share award:   R2.5425
Value of the transaction:                        R837 400.34
Vesting period:                                  Vesting date of 17 June 2027 subject to the fulfilment of
                                                 performance conditions

Nature of interest:                              Direct beneficial
Clearance to deal obtained:                      Yes

Name:                                            K van den Heever
Designation:                                     Director of a major subsidiary, Afhco Holdings (Pty) Ltd
Class of securities:                             Ordinary shares

Nature of transaction:                           Off market vesting of 92.2% forfeitable performance
                                                 shares awarded in 2021 in terms of the FSP
Date of transaction:                             18 June 2024
Number of forfeitable performance shares:        273 477
Vesting price per forfeitable performance        R2.5425
share:
Value of the transaction:                        R695 315.27

Nature of transaction:                           On market sale of ordinary shares
Date of transaction:                             18 June 2024
Number of securities sold:                       273 477
Price per security:                              R2.5815
Value of the transaction:                        R705 980.88

Nature of transaction:                           Off market acceptance of forfeitable performance share
                                                 awards in terms of the FSP
Date of transaction:                             18 June 2024
Number of forfeitable performance share          824 331
awards:
Price per forfeitable performance share:         R2.5425
Value of the transaction:                        R2 095 861.57
Vesting period:                                  Vesting date of 17 June 2027 subject to the fulfilment of
                                                 performance conditions

Nature of interest:                              Direct beneficial
Clearance to deal obtained:                      Yes


19 June 2024
Johannesburg

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 19-06-2024 03:24:00
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