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SUN INTERNATIONAL LIMITED - Dealing in Securities by Directors, Prescribed Officers and Company Secretary

Release Date: 26/03/2024 15:30
Code(s): SUI     PDF:  
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Dealing in Securities by Directors, Prescribed Officers and Company Secretary

SUN INTERNATIONAL LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/007528/06)
Share code: SUI
ISIN: ZAE000097580
LEI: 378900835F180983C60
("Sun International" or "the Company")

DEALING IN SECURITIES BY DIRECTORS, PRESCRIBED OFFICERS AND COMPANY SECRETARY

In compliance with the requirements of paragraphs 3.63 to 3.74 of the JSE Listings Requirements, shareholders are
advised as follows:

The Sun International 2020 Conditional Share Plan ("CSP")

Acquisition of Open Market Shares and Award of STI Matching Shares

In terms of the rules of the CSP, approved by shareholders in 2020, senior executives who have earned an annual
short-term incentive ("STI") are entitled to invest in Sun International ordinary shares up to a maximum value of
25% of their annual allocation of long-term share-based incentives ("LTIs").

These invested shares otherwise known as Open Market Shares (i.e., shares acquired by and for and on behalf of
the senior executives using the senior executive's post-tax proceeds from their annual STI) are held for and on behalf
of the senior executives in a direct beneficial capacity for a period of three-years and STI Matching Shares equal to
the number of Open Market Shares invested in by the senior executives are awarded by the Company, for no
consideration and settled to the senior executives, likewise to be held for and on behalf of the senior executives for
a period of three years as restricted shares.

The STI Matching Shares will lapse and be forfeited, should the senior executives terminate their employment
before the completion of the three-year period other than in the event of death, ill-health, retirement or
retrenchment.

The following senior executives, having received clearance to deal in Sun International shares, elected on 25 March
2024 to invest in Open Market Shares (representing up to a maximum value of 25% of their annual allocation of
LTIs) and consequently, STI Matching Shares were awarded to them under the Rules of the CSP: -



   Executive                     Designation                     Open Market Shares          STI Matching Shares
                                                                      Acquired                    Awarded


                                                                  Number     Value (R)         Number     Value (R)

 AM Leeming      Executive Director and CE                        62 916     2 277 559         62 916     2 277 559
 N Basthdaw      Executive Director and CFO                       25 454       921 435         25 454       921 435
 GI Wood         Prescribed Officer: COO: Hospitality             22 069       798 898         22 069       798 898
 VL Robson       Prescribed Officer: Head: Human Resources         8 276       299 591          8 276       299 591
 AG Johnston     Prescribed Officer: Company Secretary             9 655       349 511          9 655       349 511

The Open Market and STI Matching Shares were acquired by the senior executives and by Sun International
respectively in the open market on 25 March 2024 at a purchase price of R36.20 per share. The STI Matching Share
awards will be received by the senior executives as plan participants for no consideration.

Award of Performance Shares

Name                                 :        AM Leeming
Title                                :        Chief Executive
Company                              :        Sun International
Nature of Transaction                :        Off market award and acceptance of forfeitable shares
                                              (performance shares) in terms of the Sun International 2020
                                              Conditional Share Plan subject to the achievement of specified
                                              performance hurdles over a three-year period
Class of Securities                  :        Ordinary shares of no-par value each
Date of Transaction                  :        25 March 2024
Number of Securities                 :        188 749
Award Price                          :        Nil cost allocation of forfeitable shares
Deemed Value of Transaction*         :        R6 832 713.80
Nature of Interest                   :        Direct Beneficial
Clearance to Deal Received           :        Yes


Name                                 :        N Basthdaw
Title                                :        Chief Financial Officer
Company                              :        Sun International
Nature of Transaction                :        Off market award and acceptance of forfeitable shares
                                              (performance shares) in terms of the Sun International 2020
                                              Conditional Share Plan subject to the achievement of specified
                                              performance hurdles over a three-year period
Class of Securities                  :        Ordinary shares of no-par value each
Date of Transaction                  :        25 March 2024
Number of Securities                 :        76 361
Award Price                          :        Nil cost allocation of forfeitable shares
Deemed Value of Transaction*         :        R2 764 268. 20
Nature of Interest                   :        Direct Beneficial
Clearance to Deal Received           :        Yes


Name                                 :        GI Wood
Title                                :        Chief Operating Officer: Hospitality
Company                              :        Sun International
Nature of Transaction                :        Off market award and acceptance of forfeitable shares
                                              (performance shares) in terms of the Sun International 2020
                                              Conditional Share Plan subject to the achievement of specified
                                              performance hurdles over a three-year period
Class of Securities                  :        Ordinary shares of no-par value each
Date of Transaction                  :        25 March 2024
Number of Securities                 :        76 738
Award Price                          :        Nil cost allocation of forfeitable shares
Deemed Value of Transaction*         :        R2 777 915.60
Nature of Interest                   :        Direct Beneficial
Clearance to Deal Received           :        Yes


Name                                 :        VL Robson
Title                                :        Head: Human Resources and Prescribed Officer
Company                              :        Sun International
Nature of Transaction                :        Off market award and acceptance of forfeitable shares
                                              (performance shares) in terms of the Sun International 2020
                                              Conditional Share Plan subject to the achievement of specified
                                              performance hurdles over a three-year period
Class of Securities                  :        Ordinary shares of no-par value each
Date of Transaction                  :        25 March 2024
Number of Securities                 :        52 183
Award Price                          :        Nil cost allocation of forfeitable shares
Deemed Value of Transaction*         :        R1 889 024.60
Nature of Interest                   :        Direct Beneficial
Clearance to Deal Received           :        Yes


Name                                 :        AG Johnston
Title                                :        Group Company Secretary
Company                              :        Sun International
Nature of Transaction                :        Off market award and acceptance of forfeitable shares
                                              (performance shares) in terms of the Sun International 2020
                                              Conditional Share Plan subject to the achievement of specified
                                              performance hurdles over a three-year period
Class of Securities                  :        Ordinary shares of no-par value each
Date of Transaction                  :        25 March 2024
Number of Securities                 :        54 528
Award Price                          :        Nil cost allocation of forfeitable shares
Deemed Value of Transaction*         :        R1 973 913.60
Nature of Interest                   :        Direct Beneficial
Clearance to Deal Received           :        Yes


* Deemed value is based on the purchase price of R36.20 at which Sun International acquired these shares in the
  open market on 25 March 2024 and per the rules of the CSP.


Sandton
26 March 2024


Sponsor to Sun International
Investec Bank Limited

Date: 26-03-2024 03:30:00
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