Enhanced Investments - Financial Portal

Dealing in Securities by Directors, Prescribed Officers and Company Secretary

Published: 2023-03-22 17:15:29 ET

SUN INTERNATIONAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/007528/06)
Share code: SUI
ISIN: ZAE000097580
LEI: 378900835F180983C60
("Sun International" or “the Company”)

DEALING IN SECURITIES BY DIRECTORS, PRESCRIBED OFFICERS AND COMPANY SECRETARY

In compliance with the requirements of paragraphs 3.63 to 3.74 of the JSE Listings Requirements, shareholders are
advised as follows:

The Sun International 2020 Conditional Share Plan (“CSP”)

Acquisition of Open Market Shares and Award of STI Matching Shares

In terms of the rules of the CSP, approved by shareholders in 2020, senior executives who have earned an annual
short-term incentive (“STI”) are entitled to invest in Sun International ordinary shares up to a maximum value of
25% of their annual allocation of long-term share-based incentives (“LTIs”).

These invested shares otherwise known as Open Market Shares (i.e., shares acquired for and on behalf of the senior
executives using the senior executive's post-tax proceeds from their annual STI) are held for and on behalf of the
senior executives for a period of three-years and STI Matching Shares equal to the number of Open Market Shares
invested in by the senior executives are awarded by the Company, for no consideration and settled to the senior
executives, likewise to be held for and on behalf of the senior executives for a period of three years as restricted
shares.

The STI Matching Shares will lapse and be forfeited, should the senior executives terminate their employment
before the completion of the three-year period other than in the event of death, ill-health, retirement or
retrenchment.

The following senior executives, after receiving clearance to deal in Sun International shares, elected on 20 March
2023 to invest in Open Market Shares (representing up to a maximum value of 25% of their annual allocation of
LTIs) and consequently, STI Matching Shares were awarded to them under the Rules of the CSP: -



   Executive                    Designation                     Open Market Shares          STI Matching Shares
                                                                     Acquired                    Awarded


                                                               Number        Value (R)     Number       Value (R)

 AM Leeming      Executive Director and CE                       59 635     2 172 103        59 635     2 172 103
 N Basthdaw      Executive Director and CFO                      24 126       878 749        24 126       878 749
 GI Wood         Prescribed Officer: COO: Hospitality            13 727       499 983        13 727       499 983
 VL Robson       Prescribed Officer: Head: Human Resources        6 864       250 000         6 864       250 000
 AG Johnston     Prescribed Officer: Company Secretary            5 491       200 000         5 491       200 000
The Open Market and STI Matching Shares were allocated to the senior executives at a price of R36.4233 per share
being the volume weighted average share price of the Company’s shares between the period 13 March 2023 to
17 March 2023, with a high price of R38.60 per share and a low price of R34.75 per share. The STI Matching Share
awards will be received by the senior executives as plan participants for no consideration.

Award of Performance Shares

Name                                 :        AM Leeming
Title                                :        Chief Executive
Company                              :        Sun International
Nature of Transaction                :        Off market award and acceptance of forfeitable shares
                                              (performance shares) in terms of the Sun International 2020
                                              Conditional Share Plan subject to the achievement of specified
                                              performance hurdles over a three-year period
Class of Securities                  :        Ordinary shares of no-par value each
Date of Transaction                  :        20 March 2023
Number of Securities                 :        178 906
Award Price                          :        Nil cost allocation of forfeitable shares
Deemed Value of Transaction*         :        R 6 516 349. 91
Nature of Interest                   :        Direct Beneficial
Clearance to Deal Received           :        Yes


Name                                 :        N Basthdaw
Title                                :        Chief Financial Officer
Company                              :        Sun International
Nature of Transaction                :        Off market award and acceptance of forfeitable shares
                                              (performance shares) in terms of the Sun International 2020
                                              Conditional Share Plan subject to the achievement of specified
                                              performance hurdles over a three-year period
Class of Securities                  :        Ordinary shares of no-par value each
Date of Transaction                  :        20 March 2023
Number of Securities                 :        72 379
Award Price                          :        Nil cost allocation of forfeitable shares
Deemed Value of Transaction*         :        R 2 636 282.03
Nature of Interest                   :        Direct Beneficial
Clearance to Deal Received           :        Yes


Name                                 :        GI Wood
Title                                :        Chief Operating Officer: Hospitality
Company                              :        Sun International
Nature of Transaction                :        Off market award and acceptance of forfeitable shares
                                              (performance shares) in terms of the Sun International 2020
                                              Conditional Share Plan subject to the achievement of specified
                                              performance hurdles over a three-year period
Class of Securities                  :        Ordinary shares of no-par value each
Date of Transaction                  :        20 March 2023
Number of Securities                 :        72 736
Award Price                         :        Nil cost allocation of forfeitable shares
Deemed Value of Transaction*        :        R 2 649 285.51
Nature of Interest                  :        Direct Beneficial
Clearance to Deal Received          :        Yes


Name                                :        VL Robson
Title                               :        Head: Human Resources and Prescribed Officer
Company                             :        Sun International
Nature of Transaction               :        Off market award and acceptance of forfeitable shares
                                             (performance shares) in terms of the Sun International 2020
                                             Conditional Share Plan subject to the achievement of specified
                                             performance hurdles over a three-year period
Class of Securities                 :        Ordinary shares of no-par value each
Date of Transaction                 :        20 March 2023
Number of Securities                :        49 461
Award Price                         :        Nil cost allocation of forfeitable shares
Deemed Value of Transaction*        :        R1 801 532. 84
Nature of Interest                  :        Direct Beneficial
Clearance to Deal Received          :        Yes


Name                                :        AG Johnston
Title                               :        Group Company Secretary
Company                             :        Sun International
Nature of Transaction               :        Off market award and acceptance of forfeitable shares
                                             (performance shares) in terms of the Sun International 2020
                                             Conditional Share Plan subject to the achievement of specified
                                             performance hurdles over a three-year period
Class of Securities                 :        Ordinary shares of no-par value each
Date of Transaction                 :        20 March 2023
Number of Securities                :        51 684
Award Price                         :        Nil cost allocation of forfeitable shares
Deemed Value of Transaction*        :        R1 882 501.84
Nature of Interest                  :        Direct Beneficial
Clearance to Deal Received          :        Yes


* Deemed value is based using the volume weighted average share price of Sun International of R36.4233 between
  the period 13 March 2023 - 17 March 2023.


Sandton
22 March 2023


Sponsor to Sun International
Investec Bank Limited

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.