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SOUTHERN SUN LIMITED - Exercise of Share Appreciation Rights and Allotment of Southern Sun Ordinary Shares

Release Date: 26/09/2024 12:56
Code(s): SSU     PDF:  
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Exercise of Share Appreciation Rights and Allotment of Southern Sun Ordinary Shares

Southern Sun Limited
Incorporated in the Republic of South Africa
Registration number 2002/006356/06
Share Code: SSU ISIN: ZAE000272522
("Southern Sun")

EXERCISE OF SHARE APPRECIATION RIGHTS AND ALLOTMENT OF SOUTHERN SUN ORDINARY SHARES

In compliance with Paragraphs 3.63 of the JSE Limited Listings Requirements, shareholders are advised that per
Southern Sun's Share Appreciation Rights Plan, Share Appreciation Rights ("SARs") vested and were exercised
by the following director of a Major Subsidiary, to whom Southern Sun ordinary shares ("SSUs") have been
issued. The value of the SSUs issued is equal to the value of the appreciation of the awarded SARs over the
vesting period (net of tax).

Director                                Lindelwa Phumla Isabelle
Designation                             Director of Major Subsidiary, Southern Sun Hotel Interests (Pty) Ltd
Nature of transaction                   Off market exercise of SARs and allotment of SSUs
Nature of interest                      Direct, beneficial
Class of shares                         Ordinary SSU shares
Exercise date                           16 September 2024
Allotment date                          25 September 2024
Number of SSU                           53 686
Exercise price                          R6.7127
Transaction value                       R360 378.01
Clearance obtained                      Yes

26 September 2024

Sponsor
Investec Bank Limited

Date: 26-09-2024 12:56:00
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