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Liberty Two Degrees Limited (JSE:L2D) News - Dealing in securities by executive directors and company secretary
LIBERTY TWO DEGREES LIMITED
(Registration number: 2018/388906/06)
JSE share code: L2D
ISIN: ZAE000260576
(“L2D” or “the Company”)
DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS AND COMPANY SECRETARY
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, L2D hereby
announces the following transactions for the directors of the Company in terms of L2D’s Restricted
Share Plan (“the “LTIP”).
Director (Chief Executive) Amelia Beattie
Date of award 1 March 2018
Date of transaction (Vesting date) 1 September 2021
Number of securities 15 629 ordinary shares
Nature of transaction Off-market vesting of restricted share awards in
respect of a portion of short-term incentive
remuneration being deferred and converted into
restricted shares in terms of the LTIP
Vesting periods One-third after 18 months, another one-third after 30
months and the balance after 42 months. No
conditionality applies
Price per share R4.55
Total value of transaction R71 111.95
Nature and extent of interest Direct beneficial
Director (Chief Executive) Amelia Beattie
Date of award 1 March 2019
Date of transaction (Vesting date) 1 September 2021
Number of securities 47 621 ordinary shares
Nature of transaction Off-market vesting of restricted share awards in
respect of a portion of short-term incentive
remuneration being deferred and converted into
restricted shares in terms of the LTIP
Vesting periods One-third after 18 months, another one-third after 30
months and the balance after 42 months. No
conditionality applies
Price per share R4.55
Total value of transaction R216 675.55
Nature and extent of interest Direct beneficial
Director (Chief Executive) Amelia Beattie
Date of award 1 March 2020
Date of transaction (Vesting date) 1 September 2021
Number of securities 50 944 ordinary shares
Nature of transaction Off-market vesting of restricted share awards in
respect of a portion of short-term incentive
remuneration being deferred and converted into
restricted shares in terms of the LTIP
Vesting periods One-third after 18 months, another one-third after 30
months and the balance after 42 months. No
conditionality applies
Price per share R4.55
Total value of transaction R231 795.20
Nature and extent of interest Direct beneficial
Director (Chief Executive) Amelia Beattie
Date of transaction 1 September 2021
Number of securities 52 485 ordinary shares
Nature of transaction On-market sale to cover the income tax liability
Price per share R4.50
Total value of transaction R236 182.50
Nature and extent of interest Direct beneficial
Director (Chief Executive) Amelia Beattie
Date of transaction 1 September 2021
Number of securities 61 709 ordinary shares
Nature of transaction Off-market vesting of restricted share awards
Price per share R4.55
Total value of transaction R280 775.95
Nature and extent of interest Direct beneficial
Director (Financial Director) José Richard Snyders
Date of award 1 September 2017
Date of transaction (Vesting date) 1 September 2021
Number of securities 81 481 ordinary shares
Nature of transaction Off-market vesting of restricted share awards in
respect of the second tranche of share awards made
on appointment to L2D
Vesting periods One-third after 36 months, another third after 48
months and the balance after 60 months. No
conditionality applies
Price per share R4.55
Total value of transaction R370 738.55
Nature and extent of interest Direct beneficial
Director (Financial Director) José Richard Snyders
Date of award 1 March 2018
Date of transaction (Vesting date) 1 September 2021
Number of securities 10 420 ordinary shares
Nature of transaction Off-market vesting of restricted share awards in
respect of a portion of short-term incentive
remuneration being deferred and converted into
restricted shares in terms of the LTIP
Vesting periods One-third after 18 months, another one-third after 30
months and the balance after 42 months. No
conditionality applies
Price per share R4.55
Total value of transaction R47 411.00
Nature and extent of interest Direct beneficial
Director (Financial Director) José Richard Snyders
Date of award 1 March 2019
Date of transaction (Vesting date) 1 September 2021
Number of securities 28 366 ordinary shares
Nature of transaction Off-market vesting of restricted share awards in
respect of a portion of short-term incentive
remuneration being deferred and converted into
restricted shares in terms of the LTIP
Vesting periods One-third after 18 months, another one-third after 30
months and the balance after 42 months. No
conditionality applies
Price per share R4.55
Total value of transaction R129 065.30
Nature and extent of interest Direct beneficial
Director (Financial Director) José Richard Snyders
Date of award 1 March 2020
Date of transaction (Vesting date) 1 September 2021
Number of securities 25 904 ordinary shares
Nature of transaction Off-market vesting of restricted share awards in
respect of a portion of short-term incentive
remuneration being deferred and converted into
restricted shares in terms of the LTIP
Vesting periods One-third after 18 months, another one-third after 30
months and the balance after 42 months. No
conditionality applies
Price per share R4.55
Total value of transaction R117 863.20
Nature and extent of interest Direct beneficial
Director (Financial Director) José Richard Snyders
Date of transaction 1 September 2021
Number of securities 146 171 ordinary shares
Nature of transaction On-market sale of all vesting awards gross of
taxation
Price per share R4.50
Total value of transaction R657 769.50
Nature and extent of interest Direct beneficial
Company Secretary Benjamin Swanepoel
Date of award 1 March 2020
Date of transaction (Vesting date) 1 September 2021
Number of securities 2 014 ordinary shares
Nature of transaction Off-market vesting of restricted share awards in
respect of a portion of short-term incentive
remuneration being deferred and converted into
restricted shares in terms of the LTIP
Vesting periods One-third after 18 months, another one-third after 30
months and the balance after 42 months. No
conditionality applies
Price per share R4.55
Total value of transaction R9 163.70
Nature and extent of interest Direct beneficial
Company Secretary Benjamin Swanepoel
Date of transaction 1 September 2021
Number of securities 926 ordinary shares
Nature of transaction On-market sale to cover the income tax liability
Price per share R4.50
Total value of transaction R4 167.00
Nature and extent of interest Direct beneficial
Company Secretary Benjamin Swanepoel
Date of transaction 1 September 2021
Number of securities 1 088 ordinary shares
Nature of transaction Off-market vesting of restricted share awards
Price per share R4.55
Total value of transaction R4 950.40
Nature and extent of interest Direct beneficial
Clearance to trade was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.
Johannesburg
3 September 2021
Sponsor:
The Standard Bank of South Africa Limited
Investor Relations
Gareth Rees
Contact number: 011 448 6804
Date: 03-09-2021 03:05:00
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