City Lodge Hotels Limited (JSE:CLH) News - Dealings in securities: grant and acceptance of conditional awards under the City Lodge Hotels Limited CSP City Lodge Hotels Limited "City Lodge" or “the Company” (Reg. No. 1986/002864/06) (Incorporated in the Republic of South Africa) Share Code: CLH ISIN Code: ZAE000117792 DEALINGS IN SECURITIES: GRANT AND ACCEPTANCE OF CONDITIONAL AWARDS UNDER THE CITY LODGE HOTELS LIMITED CONDITIONAL SHARE PLAN 2021 (“CSP”) In compliance with Rule 3.63 - 3.74 (both inclusive) of the JSE Listings Requirements, the Company hereby announces that the executive directors and company secretary have been granted, and have accepted, conditional share awards in terms of the CSP in respect of the 2022 financial year as detailed below. Vesting of the conditional shares is subject to performance and settlement conditions and post-vesting holding periods. The conditional awards have been awarded at the 20-day VWAP as at 21 October 2021 of R5.07 (“deemed price”). Award and acceptance date: 22 October 2021 Deemed price: R5.07 Class of shares: Ordinary shares of no par value Vesting periods: 21 October 2022: one third with no holding period 21 October 2023: one third with a two year holding period 21 October 2024: one third with a one year holding period Nature of Transaction: Off market award and acceptance of annual long-term incentive award of conditional shares issued in terms of the CSP Extent of interest: Direct beneficial Director: A.C. Widegger Office held: Chief Executive Officer Number of awards: 2,476,923 Value of transaction: Threshold (30%):R3,767,399.88 Target (65%): R8,162,699.75 Stretch (100%): R12,557,999.61 Director: D. Nathoo Office held: Chief Financial Officer Number of awards: 1,212,480 Value of transaction: Threshold (30%):R1,844,182.08 Target (65%): R3,995,727.84 Stretch (100%): R6,147,273.60 Director: L.G. Siddo Office held: Chief Operating Officer Number of awards: 1,240,627 Value of transaction: Threshold (30%):R1,886,993.67 Target (65%): R4,088,486.28 Stretch (100%): R6,289,978.89 Officer: M.C. van Heerden Office held: Group Company Secretary Number of awards: 346,423 Value of transaction: Threshold (30%):R526,909.38 Target (65%): R1,141,636.99 Stretch (100%): R1,756,364.61 The prerequisite clearance has been obtained in accordance with Section 3.66 of the JSE Listings Requirements. Bryanston 26 October 2021 Sponsor Nedbank Corporate and Investment Banking, a division of Nedbank Limited Date: 26-10-2021 05:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.