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Vesting, Exercise And Related Settlement Of Awards In Terms Of The Spear REIT Limited Conditional Share Plan
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")
VESTING, EXERCISE AND RELATED SETTLEMENT OF AWARDS IN TERMS OF THE SPEAR REIT
LIMITED CONDITIONAL SHARE PLAN
In compliance with the JSE Limited Listings Requirements, the following information regarding the vesting
and exercise of awards in terms of the Spear REIT Limited Conditional Shares Plan ("CSP") by directors,
prescribed officers and the company secretary of the Company are disclosed to shareholders.
Upon the vesting and exercise of the awards, Spear elected to settle same on an after-tax net equity
settlement basis, through the issue of new ordinary shares as detailed below:
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 DEALING Vesting of awards and related after-tax net-equity
settlement through the issue of shares to an associate
nominated by the director, at the closing share price on
30 June 2026 of R13.26 (off-market dealing)
NUMBER OF SECURITIES ISSUED 220 000
DATE OF AWARD 01 July 2022
VESTING DATE 30 June 2026
SETTLEMENT DATE 01 July 2026
AWARD STRIKE PRICE Nil
DEEMED PRICE PER SECURITY R13.26 (being the closing share price on 30 June 2026)
TOTAL DEEMED RAND VALUE OF R2 917 200.00
SECURITIES TRANSACTED
NAME OF ASSOCIATE Evlah Investments Proprietary Limited
RELATIONSHIP WITH DIRECTOR Director is a director of the associate and a beneficiary
and trustee of the associate's sole shareholder
NATURE AND EXTENT OF INTEREST IN Indirect, beneficial
THE DEALING
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 DEALING Vesting of awards and related after-tax net-equity
settlement through the issue of shares to an associate
nominated by the director, at the closing share price on
30 June 2026 of R13.26 (off-market dealing)
NUMBER OF SECURITIES ISSUED 220 000
DATE OF AWARD 01 July 2022
VESTING DATE 30 June 2026
SETTLEMENT DATE 01 July 2026
AWARD STRIKE PRICE Nil
DEEMED PRICE PER SECURITY R13.26 (being the closing share price on 30 June 2026)
TOTAL DEEMED RAND VALUE OF R2 917 200.00
SECURITIES TRANSACTED
NAME OF ASSOCIATE CBJB Investments Proprietary Limited
RELATIONSHIP WITH DIRECTOR Director is a director and a shareholder of the associate
NATURE AND EXTENT OF INTEREST IN Indirect, beneficial
THE DEALING
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 DEALING Vesting of awards and related after-tax net-equity
settlement through the issue of shares, at the closing
share price on 30 June 2026 of R13.26 (off-market
dealing)
NUMBER OF SECURITIES ISSUED 220 000
DATE OF AWARD 01 July 2022
VESTING DATE 30 June 2026
SETTLEMENT DATE 01 July 2026
AWARD STRIKE PRICE Nil
DEEMED PRICE PER SECURITY R13.26 (being the closing share price on 30 June 2026)
TOTAL DEEMED RAND VALUE OF R2 917 200.00
SECURITIES TRANSACTED
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE DEALING
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 DEALING Vesting of awards and related after-tax net-equity
settlement through the issue of shares to an associate
nominated by the director, at the closing share price on
30 June 2026 of R13.26 (off-market dealing)
NUMBER OF SECURITIES ISSUED 110 782
DATE OF AWARD 01 July 2022
VESTING DATE 30 June 2026
SETTLEMENT DATE 01 July 2026
AWARD STRIKE PRICE Nil
DEEMED PRICE PER SECURITY R13.26 (being the closing share price on 30 June 2026)
TOTAL DEEMED RAND VALUE OF R1 468 969.32
SECURITIES TRANSACTED
NAME OF ASSOCIATE Bear and Bulls CC
RELATIONSHIP WITH PRESCRIBED Prescribed Officer is a member of the associate
OFFICER
NATURE AND EXTENT OF INTEREST IN Indirect, beneficial
THE DEALING
5.
NAME OF COMPANY SECRETARY Monika Simpson
COMPANY OF WHICH A COMPANY Spear REIT Limited
SECRETARY
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF DEALING Vesting of awards and related after-tax net-equity
settlement through the issue of shares (excluding vested
awards which was net cash settled) , at the closing share
price on 30 June 2026 of R13.26 (off-market dealing)
NUMBER OF SECURITIES ISSUED 1 350
DATE OF AWARD 01 July 2022
VESTING DATE 30 June 2026
SETTLEMENT DATE 01 July 2026
AWARD STRIKE PRICE Nil
DEEMED PRICE PER SECURITY R13.26 (being the closing share price on 30 June 2026)
TOTAL DEEMED RAND VALUE OF R17 901.00
SECURITIES TRANSACTED
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE DEALING
Clearance for the above was obtained in terms of the JSE Listings Requirements.
Cape Town
01 July 2026
Sponsor
PSG Capital
Date: 01-07-2026 03:00:00
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