Enhanced Investments - Financial Portal

Acceptance of Awards in Terms of the Spear REIT Limited Conditional Share Plan

Published: 2025-05-23 11:00:33 ET

SPEAR REIT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2015/407237/06)
Share Code: SEA
ISIN: ZAE000228995
LEI: 378900F76170CCB33C50
Approved as a REIT by the JSE
(“Spear” or “the Company”)


ACCEPTANCE OF AWARDS IN TERMS OF THE SPEAR REIT LIMITED CONDITIONAL SHARE PLAN
(“CSP”)


In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following
information regarding the acceptance of conditional awards, in terms of the Spear CSP, by directors and
prescribed officers of Spear are disclosed:

1.
 NAME OF DIRECTOR                                Quintin Michael Rossi

 COMPANY OF WHICH A DIRECTOR                     Spear REIT Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive

 TYPE AND CLASS OF SECURITIES                    Ordinary shares

 NATURE OF TRANSACTION                           Off-market acceptance of conditional awards in terms
                                                 of the Spear CSP

 AWARD DATE                                      23 May 2025

 DATE OF ACCEPTANCE OF AWARDS                    23 May 2025

 NUMBER OF AWARDS ACCEPTED                       258 900 restricted conditional awards
                                                 604 100 performance conditional awards

 AWARD STRIKE PRICE                              Zero cost

 TOTAL DEEMED          VALUE     OF    AWARDS    R8 414 250.00
 ACCEPTED                                        Based on the share price at closing price on the day
                                                 prior to acceptance of R9.75

 VESTING DATE OF AWARDS                          22 May 2029

 NATURE AND EXTENT OF INTEREST IN THE            Direct, beneficial
 TRANSACTION


2.
 NAME OF DIRECTOR                                Christiaan Barnard

 COMPANY OF WHICH A DIRECTOR                     Spear REIT Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                 Executive

 TYPE AND CLASS OF SECURITIES                    Ordinary shares
NATURE OF TRANSACTION                  Off-market acceptance of conditional awards in terms
                                       of the Spear CSP

AWARD DATE                             23 May 2025

DATE OF ACCEPTANCE OF AWARDS           23 May 2025

NUMBER OF AWARDS ACCEPTED              186 000 restricted conditional awards
                                       434 000 performance conditional awards

AWARD STRIKE PRICE                     Zero cost

TOTAL DEEMED    VALUE    OF   AWARDS   R6 045 000.00
ACCEPTED                               Based on the share price at closing price on the day
                                       prior to acceptance of R9.75

VESTING DATE OF AWARDS                 22 May 2029

NATURE AND EXTENT OF INTEREST IN THE   Direct, beneficial
TRANSACTION


3.
 NAME OF PRESCRIBED OFFICER            Clifford Wade Toerien

COMPANY OF WHICH A PRESCRIBED          Spear REIT Limited
OFFICER

TYPE AND CLASS OF SECURITIES           Ordinary shares

NATURE OF TRANSACTION                  Off-market acceptance of conditional awards in terms
                                       of the Spear CSP

AWARD DATE                             23 May 2025

DATE OF ACCEPTANCE OF AWARDS           23 May 2025

NUMBER OF AWARDS ACCEPTED              120 300 restricted conditional awards
                                       280 700 performance conditional awards

AWARD STRIKE PRICE                     Zero cost

TOTAL DEEMED    VALUE    OF   AWARDS   R3 909 750.00
ACCEPTED                               Based on the share price at closing price on the day
                                       prior to acceptance of R9.75

VESTING DATE OF AWARDS                 22 May 2029

NATURE AND EXTENT OF INTEREST IN THE   Direct, beneficial
TRANSACTION


4.
 NAME OF PRESCRIBED OFFICER            Kim Pfaff- Karg

COMPANY OF WHICH A PRESCRIBED          Spear REIT Limited
OFFICER
 TYPE AND CLASS OF SECURITIES                     Ordinary shares

 NATURE OF TRANSACTION                            Off-market acceptance of conditional awards in terms
                                                  of the Spear CSP

 AWARD DATE                                       23 May 2025

 DATE OF ACCEPTANCE OF AWARDS                     23 May 2025

 NUMBER OF AWARDS ACCEPTED                        90 000 restricted conditional awards
                                                  210 000 performance conditional awards

 AWARD STRIKE PRICE                               Zero cost

 TOTAL DEEMED         VALUE     OF    AWARDS      R2 925 000.00
 ACCEPTED                                         Based on the share price at closing price on the day
                                                  prior to acceptance of R9.75

 VESTING DATE OF AWARDS                           22 May 2029

 NATURE AND EXTENT OF INTEREST IN THE             Direct, beneficial
 TRANSACTION


Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings Requirements.

Cape Town
23 May 2025

Sponsor
PSG Capital

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.