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SAFARI INVESTMENTS (RSA) LIMITED - Vesting and receipt of ordinary shares in terms of the Safari Employee LTIP

Release Date: 22/08/2024 15:55
Code(s): SAR     PDF:  
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Vesting and receipt of ordinary shares in terms of the Safari Employee LTIP

SAFARI INVESTMENTS RSA LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2000/015002/06)
Approved as a REIT by the JSE Limited
Share code: SAR
ISIN: ZAE000188280
("Safari" or "the Company")


VESTING AND RECEIPT OF ORDINARY SHARES IN TERMS OF THE SAFARI
EMPLOYEE LONG-TERM SHARE INCENTIVE PLAN ("LTIP")


In compliance with paragraphs 3.63 to 3.74 of the JSE Limited ("JSE") Listings Requirements
("Listings Requirements"), the following information is disclosed:


1.
 NAME OF DIRECTOR                               Dirk Engelbrecht

 COMPANY OF WHICH A DIRECTOR                    Safari Investments RSA Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                Executive

 TYPE AND CLASS OF SECURITIES                   Ordinary shares

 NATURE OF TRANSACTION                          Receipt of ordinary shares through the
                                                vesting of conditional share awards in
                                                terms of the Safari LTIP (off-market
                                                transaction)

 DATE OF VESTING                                30 July 2024

 DATE OF SETTLEMENT                             22 August 2024

 DEEMED PRICE PER SECURITY (CENTS)              557 (based on the 60-day volume
                                                weighted average price ("VWAP") per
                                                share on 29 July 2024)

 NUMBER OF SECURITIES ACQUIRED                  32 116
 AFTER SETTLEMENT OF TAX

 DEEMED TOTAL RAND VALUE OF                     R178 887.01
 SECURITIES TRANSACTED

 NATURE AND EXTENT OF INTEREST IN               Direct, beneficial
 THE TRANSACTION



2.
 NAME OF DIRECTOR                               Willem Venter

 COMPANY OF WHICH A DIRECTOR                    Safari Investments RSA Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                Executive

 TYPE AND CLASS OF SECURITIES                   Ordinary shares

 NATURE OF TRANSACTION                          Receipt of ordinary shares through the
                                                vesting of conditional share awards in
                                                terms of the Safari LTIP (off-market
                                                transaction)

 DATE OF VESTING                                30 July 2024
 
 DATE OF SETTLEMENT                             22 August 2024

 DEEMED PRICE PER SECURITY (CENTS)              557 (based on the 60-day VWAP per
                                                share on 29 July 2024)

 NUMBER OF SECURITIES ACQUIRED                  28 723
 AFTER SETTLEMENT OF TAX

 DEEMED RAND VALUE OF SECURITIES                R159 987.71
 TRANSACTED

 NATURE AND EXTENT OF INTEREST IN               Direct, beneficial
 THE TRANSACTION


3.
 NAME OF PRESCRIBED OFFICER                     Martin Basson

 COMPANY OF WHICH A PRESCRIBED                  Safari Investments RSA Limited
 OFFICER

 STATUS                                         Prescribed Officer: Chief Operating
                                                Officer

 TYPE AND CLASS OF SECURITIES                   Ordinary shares

 NATURE OF TRANSACTION                          Receipt of ordinary shares through the
                                                vesting of conditional share awards in
                                                terms of the Safari LTIP (off-market
                                                transaction)

 DATE OF VESTING                                30 July 2024

 DATE OF SETTLEMENT                             22 August 2024

 DEEMDED PRICE PER SECURITY                     557 (based on the 60-day VWAP per
 (CENTS)                                        share on 29 July 2024)

 NUMBER OF SECURITIES ACQUIRED                  8 176
 AFTER SETTLEMENT OF TAX

 DEEMED TOTAL RAND VALUE OF                     R45 540.81
 SECURITIES TRANSACTED

 NATURE AND EXTENT OF INTEREST IN               Direct, beneficial
 THE TRANSACTION

4.
 NAME OF COMPANY SECRETARY                      Pieter van Niekerk

 COMPANY OF WHICH A COMPANY                     Safari Investments RSA Limited
 SECRETARY

 STATUS                                         Company Secretary

 TYPE AND CLASS OF SECURITIES                   Ordinary shares

 NATURE OF TRANSACTION                          Receipt of ordinary shares through the
                                                vesting of conditional share awards in
                                                terms of the Safari LTIP (off-market
                                                transaction)

 DATE OF VESTING                                30 July 2024

 DATE OF SETTLEMENT                             22 August 2024

 DEEMED PRICE PER SECURITY (CENTS)              557 (based on the 60-day VWAP per
                                                share on 29 July 2024)

 NUMBER OF SECURITIES ACQUIRED                  8 671
 AFTER SETTLEMENT OF TAX

 DEEMED TOTAL RAND VALUE OF                     R48 295.92
 SECURITIES TRANSACTED

 NATURE AND EXTENT OF INTEREST IN               Direct, beneficial
 THE TRANSACTION


Clearance for the above transactions was obtained in terms of paragraph 3.66 of the Listings
Requirements.

The JSE has granted dispensation from compliance with paragraph 3.69 of the Listings
Requirements, allowing for the vesting and settlement of the above during a closed period,
given that the directors, prescribed officer and the company secretary have no discretion in
the transactions.


Pretoria
22 August 2024

Sponsor
Valeo Capital (Pty) Ltd

Date: 22-08-2024 03:55:00
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