Johannesburg Stock Exchange Announces Transactions in Securities by Senior Executives and Director

SA Corporate, a publicly traded real estate company listed on the Johannesburg Stock Exchange, has disclosed details of transactions in securities made by its senior executives and a director of a major subsidiary. The announcements were made in accordance with the JSE Listings Requirements. The transactions involve the vesting and sale of forfeitable performance shares, as well as the acceptance of new forfeitable performance share awards, all of which are tied to performance conditions that must be fulfilled by 2028.

Key Takeaways:

• Chief Executive Officer, TR Mackey, vested 98.3% of one-third of forfeitable performance shares awarded in 2022, 98.3% of one-third of forfeitable performance shares awarded in 2023, and 98.3% of one-third of forfeitable performance shares awarded in 2024, totaling 3,334,674 shares, valued at approximately R 10,007,023.21.
• Chief Financial Officer, SY Moodley, vested 96.2% of forfeitable performance shares awarded in 2022, totaling 1,566,132 shares, valued at approximately R 4,699,805.52.
• Company Secretary, J Grove, vested 100% of forfeitable performance shares awarded in 2022, totaling 354,713 shares, valued at approximately R 1,064,458.24.
• Director of Afhco Holdings (Pty) Ltd, K van den Heever, vested 100% of forfeitable performance shares awarded in 2022, totaling 915,389 shares, valued at approximately R 2,746,990.85.
• The vesting period for all these transactions is tied to the fulfillment of performance conditions by June 19, 2028.
• These transactions were all made in accordance with the company's Forfeitable Share Plan (FSP) and were approved in advance by the applicable regulatory authorities.

Statistics:

• Total number of forfeitable performance shares vested: 8,365,185
• Total value of transactions: approximately R 30,665,120.93
• Vesting period: June 19, 2028
• Total number of shares sold to settle tax obligations: 2,152,078
• Total value of shares sold: approximately R 6,752,125.59
• Total number of forfeitable performance share awards accepted: 4,401,927
• Total value of share awards: approximately R 12,471,813.85

Sources:

• SA CORPORATE REAL ESTATE LIMITED - Johannesburg Stock Exchange company announcement, 18 June 2025
• JSE Limited Listings Requirements, paragraphs 3.63 to 3.74
• Nedbank Corporate and Investment Banking, a division of Nedbank Limited