| Thu 1 Sep 2016, 17:30 | | TEXTON PROPERTY FUND LIMITED - Dealing in securities by directors |
|
TEX 201609010061A
Dealing in securities by directors
TEXTON PROPERTY FUND LIMITED
Granted REIT status by the JSE
(Incorporated in the Republic of South Africa)
Registration number: 2005/019302/06
JSE code: TEX
ISIN: ZAE000190542
(“Texton” or “the Company”)
DEALING IN SECURITIES BY DIRECTORS
In compliance with sections 3.63 to 3.65 of the Listings Requirements of the JSE Limited, the following information
relating to the dealing in securities by a director of the Company is disclosed in relation to the acceptance of
options under the Texton Share Incentive Scheme:
Name of director: Angelique de Rauville
Name of company: Texton Property Fund Limited
Transaction date: 29 August 2016
Class of securities: Ordinary shares
Number of shares: 4,644,782
Price per share: R11.31
Transaction value: R52,532,484.42
Nature of the transaction: Acceptance of share options at a strike price of R11.31
under the Texton Share Incentive Scheme (off market)
Vesting period: The first tranche comprising of 1,059,336 shares will have
the following vesting profile from the grant date of 29
August 2016:
- 75% after three years; and
- 25% after four years
The second tranche comprising of 3,585,446 shares will
have the following vesting profile from the grant date of 29
August 2016:
- 75% after four years; and
- 25% after five years
Nature of interest: Direct, beneficial
Clearance obtained: Yes
Name of director: Nic Morris
Name of company: Texton Property Fund Limited
Transaction date: 29 August 2016
Class of securities: Ordinary shares
Number of shares: 1,087,274
Price per share: R11.31
Transaction value: R12,297,070.07
Nature of the transaction: Acceptance of share options at a strike price of R11.31
under the Texton Share Incentive Scheme (off market)
Vesting period: 75% after four years and 25% after five years from the grant date
of 29 August 2016
Nature of interest: Direct, beneficial
Clearance obtained: Yes
Name of director: Brigitte de Bruyn
Name of company: Texton Property Fund Limited
Transaction date: 29 August 2016
Class of securities: Ordinary shares
Number of shares: 2,444,623
Price per share: R11.31
Transaction value: R27,648,686.13
Nature of the transaction: Acceptance of share options at a strike price of R11.31
under the Texton Share Incentive Scheme (off market)
Vesting period: 75% vesting on 28 February 2021 and 25% vesting on 28
February 2022
Nature of interest: Direct, beneficial
Clearance obtained: Yes
Hyde Park
1 September 2016
Investment Bank and Sponsor
Investec Bank Limited
Date: 01/09/2016 05:30:00 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.
