| Mon 11 Feb 2008, 15:50 | | SAT - SA Reit Limited - Dealing In Securities By Directors |
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SAT - SA Reit Limited - Dealing In Securities By Directors
SA REIT Limited
(formerly Shops for Africa Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2000/018084/06)
ISIN: ZAE000104196
JSE share code: SAT
("SA Reit")
DEALING IN SECURITIES BY DIRECTORS
In compliance with rule 3.63 of the JSE Listings Requirements, the following
information is disclosed:
Executive director : J Bielich
Director of : SA REIT
Date of transaction : 7 February 2008
Number of Units : 4 000 000
Price per Unit : 50 cents
Value of the transaction : R2 000 000
Nature of transaction : The grant and acceptance by way of a
Participation Notice of 4 000 000 Units in terms
of the SA REIT Employee Share Trust ("the Trust"), with
the reference assets being ordinary shares of R0.01 in
SA REIT ("the Reference Assets"). In terms of the
Trust, an employee who has accepted a Participation
Notice becomes a vested Beneficiary of the Trust.
Further to this, a Beneficiary may only dispose of one
third of his Units on the third anniversary date of the
awarding of the Units, a further one third of his Units
on the fourth anniversary date of the awarding of the
Units, and the balance on the fifth anniversary date of
the awarding of the Units. The Units awarded do not
give the Beneficiary any rights whatsoever to the
Reference Assets as all rights pertaining to the
Reference Assets shall be held and exercised by the
Trustees of the Trust.
Nature of interest : Indirect beneficial
Clearance to deal : Yes
Executive director : M Wagenheim
Director of : SA REIT
Date of transaction : 7 February 2008
Number of Units : 4 000 000
Price per Unit : 50 cents
Value of the transaction : R2 000 000
Nature of transaction : The grant and acceptance by way of a
Participation Notice of 4 000 000 Units in terms of the
SA REIT Employee Share Trust ("the Trust"), with the
reference assets being ordinary shares of R0.01 in SA REIT
("the Reference Assets"). In terms of the Trust, an employee
who has accepted a Participation Notice becomes a vested
Beneficiary of the Trust. Further to this, a Beneficiary may
only dispose of one third of his Units on the third
anniversary date of the awarding of the Units, a further one
third of his Units on the fourth anniversary date of the
awarding of the Units, and the balance on the fifth
anniversary date of the awarding of the Units. The Units
awarded do not give the Beneficiary any rights whatsoever to
the Reference Assets as all rights pertaining to the
Reference Assets shall be held and exercised by the Trustees
of the Trust.
Nature of interest : Indirect beneficial
Clearance to deal : Yes
Executive director : A A Maresky
Director of : SA REIT
Date of transaction : 7 February 2008
Number of Units : 9 000 000
Price per Unit : 50 cents
Value of the transaction : R4 500 000
Nature of transaction : The grant and acceptance by way of a
Participation Notice of 9 000 000 Units in terms
of the SA REIT Employee Share Trust ("the Trust"),
with the reference assets being ordinary shares of
R0.01 in SA REIT ("the Reference Assets"). In
terms of the Trust, an employee who has accepted a
Participation Notice becomes a vested Beneficiary
of the Trust. Further to this, a Beneficiary may
only dispose of one third of his Units on the
third anniversary date of the awarding of the
Units, a further one third of his Units on the
fourth anniversary date of the awarding of the
Units, and the balance on the fifth anniversary
date of the awarding of the Units. The Units
awarded do not give the Beneficiary any rights
whatsoever to the Reference Assets as all rights
pertaining to the Reference Assets shall be held
and exercised by the Trustees of the Trust.
Nature of interest : Indirect beneficial
Clearance to deal : Yes
Cape Town
11 February 2008
Sponsor
Nedbank Capital
Date: 11/02/2008 15:50:32 Produced by the JSE SENS Department.
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