Dealings in securities by Executive Directors and Prescribed Officers: Acceptance of Long-Term Incentive Share Award
August 05, 2022 at 11:26 am EDT
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Balwin Properties Limited
(Incorporated in the Republic of South Africa) Registration number 2003/028851/06
Share code: BWN
ISIN: ZAE000209532
("Balwin" or "the Group" or "the Company")
DEALINGS IN SECURITIES BY EXECUTIVE DIRECTORS AND PRESCRIBED OFFICERS: ACCEPTANCE OF LONG-TERM INCENTIVE SHARE AWARDS
In compliance with the JSE Listings Requirements, shareholders are advised that bonus shares have been awarded to executive directors and prescribed officers of the Company as pertaining to the financial year ended 28 February 2022. The bonus shares were awarded on 1 July 2022 in terms of the Company's conditional share plan ("CSP"). Details of the CSP are included in the Remuneration Report contained in the Group's Integrated Annual Report.
In compliance with rules 3.63 to 3.66 of the JSE Listings Requirements, the following information is disclosed:
Directors of Balwin Properties Limited
Name of director:
Stephen Volker Brookes
Designation:
Chief Executive Officer
Name of company:
Balwin Properties Limited
Date of acceptance:
4 August 2022
Number of shares:
1 716 640
Deemed price:
R2.8819
Total value:
R4 947 268
Nature of transaction:
Off-market acceptance of CSP awards
Nature of interest:
Direct beneficial
Clearance obtained:
Yes
Name of prescribed officer:
Rodney Norman Gray
Designation:
Managing Director
Name of company:
Balwin Properties Limited
Date of acceptance:
4 August 2022
Number of shares:
1 408 976
Deemed price:
R2.8819
Total value:
R4 060 595
Nature of transaction:
Off-market acceptance of CSP awards
Nature of interest:
Direct beneficial
Clearance obtained:
Yes
Name of director:
Jonathan Bigham
Designation:
Chief Finance Officer
Name of company:
Balwin Properties Limited
Date of acceptance:
4 August 2022
Number of shares:
315 273
Deemed price:
R2.8819
Total value:
R908 600
Nature of transaction:
Off-market acceptance of CSP awards
Nature of interest:
Direct beneficial
Clearance obtained:
Yes
Name of prescribed officer:
Ulrich Gschnaidtner
Designation:
Chief Projects Officer
Name of company:
Balwin Properties Limited
Date of acceptance:
4 August 2022
Number of shares:
1 087 824
Deemed price:
R2.8819
Total value:
R3 135 052
Nature of transaction:
Off-market acceptance of CSP awards
Nature of interest:
Direct beneficial
Clearance obtained:
Yes
Corlett Drive
5 August 2022
Sponsor
Investec Bank Limited
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Balwin Properties Ltd. published this content on 05 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2022 15:25:05 UTC.
Balwin Properties Limited specializes in the development and promotion of residential real estate assets located primarily in South Africa.
As of 2020/21, the group has sold 2,962 residential units.
South Africa accounts for all net sales.