NAMIBIA ASSET MANAGEMENT LTD ("NAM") Registration No. 97/397
Registered in Namibia ISIN Code: NA000AOJMZ44 NSX Share Code: NAM
ACCEPTANCE OF AWARDS BY A DIRECTOR IN TERMS OF THE ORBAN STREET TRUST
In compliance | with | paragraphs | 3.63 | and 3.65 of | the | Listings |
Requirements | of the | Namibian | Stock | Exchange, | the | following |
transaction in respect of the direct award of NAM´s shares to a director of the Company is disclosed:
NAME OF DIRECTOR: | Mr Bullé Uisso |
COMPANY OF WHICH A DIRECTOR: | Namibian LimitedAssetManagement |
STATUS: | Executive |
TYPE AND CLASS OF SECURITIES: | Ordinary shares |
NATURE OF TRANSACTION: | Off-market acceptance of awards |
DATE OF ACCEPTANCE OF AWARDS: | 31 March 2022 |
DATE OF AWARDS: | 25 March 2022 |
DEEMED VALUE PER SHARE (CENTS): | 66 |
MARKET VALUE PER SHARES (CENTS): | 66 |
NUMBER OF AWARDS ACCEPTED: | 3 627 500 |
TOTAL DEEMED NAMIBIA DOLLAR VALUE OF AWARDS: | N$2 394 150 |
VESTING DATE OF AWARDS: | In equal tranches over a period of 3 years starting no later than 1 April 2027 |
NATURE AND EXTENT OF INTEREST IN THE TRANSACTION: | Direct, beneficial |
ement
In equal tranches over a period starting no later than
By order of the Board
A Pillay
Chairman
04 April 2022
SPONSOR
IJG Securities (Pty) Ltd; Member of the NSX; 4th Floor, 1@Steps, c/o Grove and Chasie Streets, Kleine Kuppe, Windhoek, Namibia
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Namibia Asset Management Ltd. published this content on 04 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 April 2022 14:56:07 UTC.