Enhanced Investments - Financial Portal

Allocation of Shares in Terms of Forfeitable Share Plan

Published: 2023-12-13 16:21:35 ET

ASTRAL FOODS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1978/003194/06)
ISIN Code: ZAE000029757
JSE Share Code: ARL
A2X Share Code: ARL
(“Astral Foods”)

ALLOCATION OF SHARES IN TERMS OF FORFEITABLE SHARE PLAN

In compliance with paragraphs 3.63 – 3.74 of the JSE Limited Listings Requirements, the following information is
disclosed:

 Name of director:                                         CE Schutte
 Designation:                                              Chief Executive Officer
 Date of allocation:                                       13 December 2023

 Class of shares:                                          Ordinary shares- restricted in terms of the Astral Foods
                                                           Forfeitable Share Plan (“FSP”)

 Number of shares awarded:                                 80 416
 Award price per share:                                    R159.9206
 Value of transaction:                                     R12 860 174.96
 Date of vesting:                                          01 December 2026
 Nature of transaction:                                    Award of forfeitable shares in terms of the FSP (off-
                                                           market)

 Nature of interest:                                       Direct beneficial
 Clearance to deal obtained:                               Yes


 Name of director:                                         JAI Ferreira
 Designation:                                              Chief Financial Officer
 Date of allocation:                                       13 December 2023
 Class of shares:                                          Ordinary shares- restricted in terms of the FSP

 Number of shares awarded:                                 18 792
 Award price per share:                                    R159.9206
 Value of transaction:                                     R3 005 227.92
 Date of vesting:                                          01 December 2026
 Nature of transaction:                                    Award of forfeitable shares in terms of the FSP (off-
                                                           market)

 Nature of interest:                                       Direct beneficial
 Clearance to deal obtained:                               Yes


 Name of director:                                         FG Van Heerden
 Designation:                                              Managing Director: Commercial
 Date of allocation:                                       13 December 2023
 Class of shares:                                          Ordinary shares- restricted in terms of the FSP
 Number of shares awarded:                                 16 704
 Award price per share:                                    R159.9206
 Value of transaction:                                     R2 671 313.71
 Date of vesting:                                          01 December 2026
 Nature of transaction:                                    Award of forfeitable shares in terms of the FSP (off-
                                                           market)

 Nature of interest:                                       Direct beneficial
Clearance to deal obtained:   Yes


Name of director:             GD Arnold
Designation:                  Group Chief Operating Officer
Date of allocation:           13 December 2023
Class of shares:              Ordinary shares- restricted in terms of the FSP

Number of shares awarded:     19 836
Award price per share:        R159.9206
Value of transaction:         R3 172 185.02
Date of vesting:              01 December 2026
Nature of transaction:        Award of forfeitable shares in terms of the FSP (off-
                              market)

Nature of interest:           Direct beneficial
Clearance to deal obtained:   Yes


Name of prescribed officer:   MJ Schmitz
Designation:                  Managing Director: Feed
Date of allocation:           13 December 2023
Class of shares:              Ordinary shares- restricted in terms of the FSP

Number of shares awarded:     16 704
Award price per share:        R159.9206
Value of transaction:         R2 671 313.71
Date of vesting:              01 December 2026
Nature of transaction:        Award of forfeitable shares in terms of the FSP (off-
                              market)


Nature of interest:           Direct beneficial
Clearance to deal obtained:   Yes


Name of prescribed officer:   E Potgieter
Designation:                  Director: Risk Management
Date of allocation:           13 December 2023
Class of shares:              Ordinary shares- restricted in terms of the FSP

Number of shares awarded:     10 788
Award price per share:        R159.9206
Value of transaction:         R 1 725 223.44
Date of vesting:              01 December 2026
Nature of transaction:        Award of forfeitable shares in terms of the FSP (off-
                              market)

Nature of interest:           Direct beneficial
Clearance to deal obtained:   Yes


Name of prescribed officer:   G Jordaan
Designation:                  Human Resources Executive
Date of allocation:           13 December 2023
Class of shares:              Ordinary shares- restricted in terms of the FSP

Number of shares awarded:     10 788
Award price per share:        R159.9206
Value of transaction:         R 1 725 223.44
 Date of vesting:                                       1 December 2026
 Nature of transaction:                                 Award of forfeitable shares in terms of the FSP (off-
                                                        market)

 Nature of interest:                                    Direct beneficial
 Clearance to deal obtained:                            Yes

 Name of company secretary:                              L Marupen
 Date of transaction:                                    13 December 2023
 Class of shares:                                        Ordinary shares- restricted in terms of the FSP

 Number of shares awarded:                               3 496
 Award price per share:                                  R159.9206
 Value of transaction:                                   R 559 082.42
 Date of vesting:                                        01 December 2026
 Nature of transaction:                                  Award of forfeitable shares in terms of the FSP (off-
                                                          market)

 Nature of interest:                                     Direct beneficial
 Clearance to deal obtained:                             Yes


Lanseria
13 December 2023

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

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

Important disclosures

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.