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SPEAR REIT LIMITED Director's Dealing 2026
48823_rns_2026-05-22_4282fac6-02bf-4699-8946-5a7fdd0a40fb.pdf
Director's Dealing
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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")
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SPEAR
REIT LIMITED
ACCEPTANCE OF AWARDS IN TERMS OF THE SPEAR REIT LIMITED CONDITIONAL SHARE PLAN ("CSP")
In compliance with the JSE Listings Requirements, the following information regarding the acceptance of conditional awards, in terms of the Spear CSP, by directors and prescribed officers of Spear are disclosed:
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 TRANSACTION | Off-market acceptance of conditional awards in terms of the Spear CSP |
| AWARD DATE | 22 May 2026 |
| DATE OF ACCEPTANCE OF AWARDS | 22 May 2026 |
| NUMBER OF AWARDS ACCEPTED | 284 409 restricted conditional awards |
| 663 621 performance conditional awards | |
| AWARD STRIKE PRICE | Zero cost |
| TOTAL DEEMED VALUE OF AWARDS ACCEPTED | R12 409 712.70 |
| Based on the share price at closing price on the day prior to acceptance of R13.09 | |
| VESTING DATE OF AWARDS | 18 May 2030 |
| NATURE AND EXTENT OF INTEREST IN THE TRANSACTION | Direct, beneficial |
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 |
3.
| NATURE OF TRANSACTION | Off-market acceptance of conditional awards in terms of the Spear CSP |
|---|---|
| AWARD DATE | 22 May 2026 |
| DATE OF ACCEPTANCE OF AWARDS | 22 May 2026 |
| NUMBER OF AWARDS ACCEPTED | 202 603 restricted conditional awards |
| 472 740 performance conditional awards | |
| AWARD STRIKE PRICE | Zero cost |
| TOTAL DEEMED VALUE OF AWARDS ACCEPTED | R8 840 239.87 |
| Based on the share price at closing price on the day prior to acceptance of R13.09 | |
| VESTING DATE OF AWARDS | 18 May 2030 |
| NATURE AND EXTENT OF INTEREST IN THE TRANSACTION | Direct, beneficial |
4.
| NAME OF PRESCRIBED OFFICER | Kim Pfaff- Karg |
|---|---|
| COMPANY OF WHICH A PRESCRIBED OFFICER | Spear REIT Limited |
| TYPE AND CLASS OF SECURITIES | Ordinary shares |
| NATURE OF TRANSACTION | Off-market acceptance of conditional awards in terms of the Spear CSP |
| AWARD DATE | 22 May 2026 |
| DATE OF ACCEPTANCE OF AWARDS | 22 May 2026 |
| NUMBER OF AWARDS ACCEPTED | 131 922 restricted conditional awards |
| 307 818 performance conditional awards | |
| AWARD STRIKE PRICE | Zero cost |
| TOTAL DEEMED VALUE OF AWARDS ACCEPTED | R5 756 196.60 |
| Based on the share price at closing price on the day prior to acceptance of R13.09 | |
| VESTING DATE OF AWARDS | 18 May 2030 |
| NATURE AND EXTENT OF INTEREST IN THE TRANSACTION | Direct, beneficial |
| TYPE AND CLASS OF SECURITIES | Ordinary shares |
|---|---|
| NATURE OF TRANSACTION | Off-market acceptance of conditional awards in terms of the Spear CSP |
| AWARD DATE | 22 May 2026 |
| DATE OF ACCEPTANCE OF AWARDS | 22 May 2026 |
| NUMBER OF AWARDS ACCEPTED | 101 371 restricted conditional awards |
| 236 533 performance conditional awards | |
| AWARD STRIKE PRICE | Zero cost |
| TOTAL DEEMED VALUE OF AWARDS ACCEPTED | R4 423 163.36 |
| Based on the share price at closing price on the day prior to acceptance of R13.09 | |
| VESTING DATE OF AWARDS | 18 May 2030 |
| NATURE AND EXTENT OF INTEREST IN THE TRANSACTION | Direct, beneficial |
Clearance for the above was obtained in terms of the JSE Listings Requirements.
Cape Town
22 May 2026
Sponsor
PSG Capital
PSG CAPITAL