Enhanced Investments - Financial Portal

Acceptance of shares by directors & dealings in securities by The SPAR Group Limited Conditional Share Plan (“CSP”)

Published: 2023-12-08 17:40:27 ET

                                   THE SPAR GROUP LIMITED
                            (Incorporated in the Republic of South Africa)
                               (Registration number: 1967/001572/06)
                                        ISIN: ZAE000058517
                                           JSE Code: SPP
                                               (“SPAR”)

 ACCEPTANCE OF SHARES BY DIRECTORS AND DEALINGS IN SECURITIES BY THE SPAR
              GROUP LIMITED CONDITIONAL SHARE PLAN (“CSP”)

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements
(“Listings Requirements”), SPAR hereby advises shareholders of the following dealings in securities:

ACCEPTANCE OF AWARDS OF SHARES BY DIRECTORS OF SPAR

 Nature of transactions:                             Acceptance of awards of shares in terms of the
                                                     CSP
 Date of acceptance:                                 7 December 2023
 Class of securities:                                Performance shares linked to SPAR ordinary
                                                     shares in terms of the CSP vesting criteria
 Vesting period:                                     Three years for annual award of performance
                                                     shares
 Deemed value per award:                             R116.54
 Nature and extent of interest:                      Direct beneficial
 Transaction completed:                              Off-market
 Clearance given in terms of paragraph 3.66 of the   Yes
 Listings Requirements:

 Name of director:                                   Angelo Swartz
 Number of shares:                                   18 400 performance shares
 Total deemed value:                                 R2 144 336.00

 Name of director:                                   Mark Godfrey
 Number of shares:                                   31 600 performance shares
 Total deemed value:                                 R3 682 664.00


DEALINGS IN SECURITIES BY THE CSP

Name of entity:                                      CSP
Nature of transactions:                              Purchase of SPAR ordinary shares in order to settle
                                                     obligations to certain participants of the CSP in
                                                     respect of awards that had vested
Class of securities:                                 SPAR ordinary shares
Transactions completed:                              On-market
Nature and extent of interest:                       Direct beneficial
Clearance given in terms of paragraph 3.66 of the
Listings Requirements:                               Yes
Transaction 1

 Date of transaction:                        4 December 2023
 Number of SPAR ordinary shares purchased:   12 596
 Price per SPAR ordinary share:              Various different trades with the following price
                                             information:
                                             -    volume weighted average price of R115.9221
                                             -    highest price of R116.72
                                             -    lowest price of R115.19
 Total value of transaction:                 R1 460 154.77

Transaction 2

 Date of transaction:                        6 December 2023
 Number of SPAR ordinary shares purchased:   5 062
 Price per SPAR ordinary share:              R116.20
 Total value of transaction:                 R588 204.40


Pinetown
8 December 2023

Sponsor
One Capital

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

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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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.

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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.