Exemplar REITail Limited Approves Directors' Share Awards

Strategic Insights -

Exemplar REITail Limited, a South African company approved as a Real Estate Investment Trust by the Johannesburg Stock Exchange, has announced the award and acceptance of restricted share awards to its directors. The awards, granted pursuant to the company's approved share plan, entitle the directors to acquire Exemplar ordinary shares in tranches over a specified period. The vesting periods for the awards have been disclosed, as well as the number of shares allocated to each director. The directors' interests in the company have been updated accordingly.

Key Takeaways:

  • Exemplar REITail Limited has approved the award and acceptance of restricted share awards to directors Jason McCormick and Duncan Church.
  • The restricted share awards entitle the directors to acquire Exemplar ordinary shares in tranches over a specified period, subject to vesting conditions.
  • Jason McCormick has been awarded an option to acquire 3,687,609 ordinary shares, with vesting periods ranging from 2028 to 2032.
  • Duncan Church has been awarded an option to acquire 1,910,357 ordinary shares, with vesting periods ranging from 2028 to 2032.
  • The awards were granted pursuant to the company's approved share plan, and the directors' interests in the company have been updated accordingly.

Statistics:

  • 3,687,609 ordinary shares have been awarded to Jason McCormick.
  • 1,910,357 ordinary shares have been awarded to Duncan Church.
  • The vesting periods for the awards range from 2028 to 2032.
  • The awards are subject to employment and performance vesting conditions contained in the rules of the approved share plan.

Sources:

  • Johannesburg Stock Exchange company announcement
  • Exemplar REITail Limited's approved share plan
  • Sponsor Java Capital