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EMIRA PROPERTY FUND LIMITED
Incorporated in the Republic of South Africa
(Registration number 2014/130842/06)
JSE share code: EMI ISIN: ZAE000203063
JSE bond company code: EMII
(Approved as a REIT by the JSE)
(“Emira” or “the Company”)
VESTING OF SHARES AWARDED TO DIRECTORS AND CHANGE IN NATURE OF DIRECTOR’S
INTEREST IN SHARES
Shareholders and noteholders are advised of the following dealings in securities:
1. The vesting of the shares awarded to the directors on 12 October 2018 in terms of the Emira FSP,
as disclosed in the announcement released on SENS on 15 October 2018:
Name of executive director: G Jennett
Date of vesting: 21 September 2023
Number of shares vested: 63 812
Issue price: Rnil (Free of charge)
Notional value of transaction (based R526,449.00
on an implied price of R8.25 per
share, being the closing price on the
day before the date of vesting):
Nature of transaction: Off-market vesting of shares in terms of the Emira FSP in
accordance with the vesting conditions
Class of securities: Ordinary shares
Type of interest: Direct beneficial
Clearance to deal obtained: Vesting of shares occurs automatically in terms of the Emira
FSP
Name of executive director: G Booyens
Date of vesting: 21 September 2023
Number of shares vested: 38 517
Issue price: Rnil (Free of charge)
Notional value of transaction (based R317,765.25
on an implied price of R8.25 per
share, being the closing price on the
day before the date of vesting):
Nature of transaction: Off-market vesting of shares in terms of the Emira FSP in
accordance with the vesting conditions
Class of securities: Ordinary shares
Type of interest: Direct beneficial
Clearance to deal obtained: Vesting of shares occurs automatically in terms of the Emira
FSP
Name of executive director: U van Biljon
Date of vesting: 21 September 2023
Number of shares vested: 45 377
Issue price: Rnil (Free of charge)
Notional value of transaction (based R374,360.25
on an implied price of R8.25 per
share, being the closing price on the
day before the date of vesting):
Nature of transaction: Off-market vesting of shares in terms of the Emira FSP in
accordance with the vesting conditions
Class of securities: Ordinary shares
Type of interest: Direct beneficial
Clearance to deal obtained: Vesting of shares occurs automatically in terms of the Emira
FSP
2. The vesting of the shares awarded to the directors on 7 October 2019 in terms of the Emira FSP,
as disclosed in the announcement released on SENS on 7 October 2019:
Name of executive director: G Jennett
Date of vesting: 21 September 2023
Number of shares vested: 148 476
Issue price: Rnil (Free of charge)
Notional value of transaction (based R1,224,927.00
on an implied price of R8.25 per
share, being the closing price on the
day before the date of vesting):
Nature of transaction: Off-market vesting of shares in terms of the Emira FSP in
accordance with the vesting conditions
Class of securities: Ordinary shares
Type of interest: Direct beneficial
Clearance to deal obtained: Vesting of shares occurs automatically in terms of the Emira
FSP
Name of executive director: G Booyens
Date of vesting: 21 September 2023
Number of shares vested: 80 102
Issue price: Rnil (Free of charge)
Notional value of transaction (based R660,841.50
on an implied price of R8.25 per
share, being the closing price on the
day before the date of vesting):
Nature of transaction: Off-market vesting of shares in terms of the Emira FSP in
accordance with the vesting conditions
Class of securities: Ordinary shares
Type of interest: Direct beneficial
Clearance to deal obtained: Vesting of shares occurs automatically in terms of the Emira
FSP
Name of executive director: U van Biljon
Date of vesting: 21 September 2023
Number of shares vested: 76 969
Issue price: Rnil (Free of charge)
Notional value of transaction (based R634,994.25
on an implied price of R8.25 per
share, being the closing price on the
day before the date of vesting):
Nature of transaction: Off-market vesting of shares in terms of the Emira FSP in
accordance with the vesting conditions
Class of securities: Ordinary shares
Type of interest: Direct beneficial
Clearance to deal obtained: Vesting of shares occurs automatically in terms of the Emira
FSP
3. The vesting of the shares awarded to the directors on 11 November 2020 in terms of the Emira
FSP, as disclosed in the announcement released on SENS on 11 November 2020:
Name of executive director: G Jennett
Date of vesting: 21 September 2023
Number of shares vested: 240 373
Issue price: Rnil (Free of charge)
Notional value of transaction (based R1,983,077.25
on an implied price of R8.25 per
share, being the closing price on the
day before the date of vesting):
Nature of transaction: Off-market vesting of shares in terms of the Emira FSP in
accordance with the vesting conditions
Class of securities: Ordinary shares
Type of interest: Direct beneficial
Clearance to deal obtained: Vesting of shares occurs automatically in terms of the Emira
FSP
Name of executive director: G Booyens
Date of vesting: 21 September 2023
Number of shares vested: 130 919
Issue price: Rnil (Free of charge)
Notional value of transaction (based R1,080,081.75
on an implied price of R8.25 per
share, being the closing price on the
day before the date of vesting):
Nature of transaction: Off-market vesting of shares in terms of the Emira FSP in
accordance with the vesting conditions
Class of securities: Ordinary shares
Type of interest: Direct beneficial
Clearance to deal obtained: Vesting of shares occurs automatically in terms of the Emira
FSP
Name of executive director: U van Biljon
Date of vesting: 21 September 2023
Number of shares vested: 132 628
Issue price: Rnil (Free of charge)
Notional value of transaction (based R1,094,181.00
on an implied price of R8.25 per
share, being the closing price on the
day before the date of vesting):
Nature of transaction: Off-market vesting of shares in terms of the Emira FSP in
accordance with the vesting conditions
Class of securities: Ordinary shares
Type of interest: Direct beneficial
Clearance to deal obtained: Vesting of shares occurs automatically in terms of the Emira
FSP
4. Change in nature of director’s interest in of shares
On 21 September 2023 G Jennett, a director of Emira, transferred 452 661 ordinary shares to A Jennett
(his wife) at a price of R8.00 per ordinary share, for a total value of R3 621 288.00. Accordingly, G
Jennett’s interest in the 452 661 ordinary shares ceases to be a direct beneficial interest and becomes
an indirect interest of an associate. The transaction was concluded off-market and clearance to deal
was obtained.
The board of directors of Emira, to the extent that the information relates directly to Emira, accepts
responsibility for the information contained in this announcement and certifies that, to the best of its
knowledge and belief, the information contained in this announcement relating to Emira is true and this
announcement does not omit anything that is likely to affect the importance of such information.
Bryanston
22 September 2023
Sponsor
Questco Corporate Advisory Proprietary Limited
Debt Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
