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LIBERTY TWO DEGREES LIMITED
Incorporated in the Republic of South Africa
(Registration number 2018/388906/06)
(Approved as a REIT by the JSE)
Share code: L2D ISIN: ZAE000260576
(“L2D” or “the Company”)
DEALINGS IN SECURITIES BY DIRECTORS AND THE COMPANY SECRETARY
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited (“JSE”) Listings Requirements, L2D hereby
announces the following transactions in terms of L2D’s Restricted Share Plan (“the RSP”).
Director (Chief Executive) Amelia Beattie
Date of award 1 March 2020
Vesting date 1 September 2023
Date of transaction 1 September 2023
Number of securities 50 962 ordinary shares
Nature of transaction Off-market vesting of restricted share awards in respect
of the third and final tranche of short-term incentive
remuneration, being deferred and converted into
restricted shares in terms of the RSP.
Vesting periods One-third after 18 months, another one-third after
30 months and the balance after 42 months. No
performance conditionality applies.
Price per share * R5.51
Total value of transaction R280 800.62
Nature and extent of interest Direct beneficial
Director (Chief Executive) Amelia Beattie
Date of award 1 March 2021
Vesting date 1 September 2023
Date of transaction 1 September 2023
Number of securities 18 633 ordinary shares
Nature of transaction Off-market vesting of restricted share awards in respect
of the second tranche of short-term incentive
remuneration, being deferred and converted into
restricted shares in terms of the RSP.
Vesting periods One-third after 18 months, another one-third after
30 months and the balance after 42 months. No
performance conditionality applies.
Price per share * R5.51
Total value of transaction R102 667.83
Nature and extent of interest Direct beneficial
Director (Chief Executive) Amelia Beattie
Date of award 1 March 2022
Vesting date 1 September 2023
Date of transaction 1 September 2023
Number of securities 94 317 ordinary shares
Nature of transaction Off-market vesting of restricted share awards in respect
of the first tranche of short-term incentive remuneration,
being deferred and converted into restricted shares in
terms of the RSP.
Vesting periods One-third after 18 months, another one-third after
30 months and the balance after 42 months. No
performance conditionality applies.
Price per share * R5.51
Total value of transaction R519 686.67
Nature and extent of interest Direct beneficial
Director (Chief Executive) Amelia Beattie
Date of transaction 1 September 2023
Number of securities 163 912 ordinary shares
Nature of transaction On-market sale of ordinary shares following the vesting
of restricted share awards.
Price per share R5.51
Total value of transaction R903 155.12
Nature and extent of interest Direct beneficial
The total taxation payable in respect of the aforementioned vesting of the share awards and sale of shares
is R409 419.80.
Director (Chief Commercial Officer) José Richard Snyders
Date of award 1 March 2020
Vesting date 1 September 2023
Date of transaction 1 September 2023
Number of securities 25 913 ordinary shares
Nature of transaction Off-market vesting of restricted share awards in respect
of the third and final tranche of short-term incentive
remuneration, being deferred and converted into
restricted shares in terms of the RSP.
Vesting periods One-third after 18 months, another one-third after
30 months and the balance after 42 months. No
performance conditionality applies.
Price per share * R5.51
Total value of transaction R142 780.63
Nature and extent of interest Direct beneficial
Director (Chief Commercial Officer) José Richard Snyders
Date of award 1 March 2021
Vesting date 1 September 2023
Date of transaction 1 September 2023
Number of securities 13 947 ordinary shares
Nature of transaction Off-market vesting of restricted share awards in respect
of the second tranche of short-term incentive
remuneration, being deferred and converted into
restricted shares in terms of the RSP.
Vesting periods One-third after 18 months, another one-third after
30 months and the balance after 42 months. No
performance conditionality applies.
Price per share * R5.51
Total value of transaction R76 847.97
Nature and extent of interest Direct beneficial
Director (Chief Commercial Officer) José Richard Snyders
Date of award 1 March 2022
Vesting date 1 September 2023
Date of transaction 1 September 2023
Number of securities 56 309 ordinary shares
Nature of transaction Off-market vesting of restricted share awards in respect
of the first tranche of short-term incentive remuneration
being deferred and converted into restricted shares in
terms of the RSP.
Vesting periods One-third after 18 months, another one-third after
30 months and the balance after 42 months. No
performance conditionality applies.
Price per share * R5.51
Total value of transaction R310 262.59
Nature and extent of interest Direct beneficial
Director (Chief Commercial Officer) José Richard Snyders
Date of transaction 1 September 2023
Number of securities 96 169 ordinary shares
Nature of transaction On-market sale of ordinary shares following the vesting
of restricted share awards.
Price per share R5.51
Total value of transaction R529 891.19
Nature and extent of interest Direct beneficial
The total taxation payable in respect of the vesting of the aforementioned share awards and sale of shares
is R238 451.04.
Company Secretary Benjamin Swanepoel
Date of award 1 March 2020
Vesting date 1 September 2023
Date of transaction 1 September 2023
Number of securities 2 017 ordinary shares
Nature of transaction Off-market vesting of restricted share awards in respect
of the third and final tranche of short-term incentive
remuneration being deferred and converted into
restricted shares in terms of the RSP.
Vesting periods One-third after 18 months, another one-third after
30 months and the balance after 42 months. No
performance conditionality applies.
Price per share * R5.51
Total value of transaction R11 113.67
Nature and extent of interest Direct beneficial
Company Secretary Benjamin Swanepoel
Date of transaction 1 September 2023
Number of securities 2 017 ordinary shares
Nature of transaction On-market sale of ordinary shares following the vesting
of restricted share awards.
Price per share R5.51
Total value of transaction R11 113.67
Nature and extent of interest Direct beneficial
The total taxation payable in respect of the vesting of the aforementioned share awards and sale of shares
is R5 001.15.
* The price per share is the closing price of an L2D ordinary share on Thursday, 31 August 2023.
Clearance to trade for all of the above transactions was obtained in terms of paragraph 3.66 of the JSE
Listings Requirements.
Johannesburg
5 September 2023
Sponsor
Merchantec Capital
Investor Relations
Sumenthree Moodley
Contact number: 011 358 9171
