Enhanced Investments - Financial Portal

Vesting of shares awarded to directors

Published: 2022-10-17 14:45:39 ET

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

Shareholders and noteholders are advised of the following dealings in securities:

1. The vesting of the shares awarded to the directors on 21 December 2017 in terms of the Emira
   Forfeitable Share Plan (“Emira FSP”), as disclosed in the announcement released on SENS on 21
   December 2017:

Name of executive director:             G Jennett
Date of vesting:                        14 October 2022
Number of shares vested:                47 893
Issue price:                            Rnil (Free of charge)
Notional value of transaction (based    R500 960.78
on an implied price of R10.46 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:                        14 October 2022
Number of shares vested:                36 947
Issue price:                            Rnil (Free of charge)
Notional value of transaction (based    R386 465.62
on an implied price of R10.46 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:                        14 October 2022
Number of shares vested:                40 411
Issue price:                            Rnil (Free of charge)
Notional value of transaction (based    R422 699.06
on an implied price of R10.46 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 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:                        14 October 2022
Number of shares vested:                62 244
Issue price:                            Rnil (Free of charge)
Notional value of transaction (based    R651 072.24
on an implied price of R10.46 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:                        14 October 2022
Number of shares vested:                37 572
Issue price:                            Rnil (Free of charge)
Notional value of transaction (based    R393 003.12
on an implied price of R10.46 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:                        14 October 2022
Number of shares vested:                44 262
Issue price:                            Rnil (Free of charge)
Notional value of transaction (based    R462 980.52
on an implied price of R10.46 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 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:                        14 October 2022
Number of shares vested:                145 953
Issue price:                            Rnil (Free of charge)
Notional value of transaction (based    R1 526 668.38
on an implied price of R10.46 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:                        14 October 2022
Number of shares vested:                78 307
Issue price:                            Rnil (Free of charge)
Notional value of transaction (based    R819 091.22
on an implied price of R10.46 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:                        14 October 2022
Number of shares vested:                74 788
Issue price:                            Rnil (Free of charge)
Notional value of transaction (based    R782 282.48
on an implied price of R10.46 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

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
17 October 2022




Sponsor
Questco Corporate Advisory Proprietary Limited

Debt Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

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.
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.