Stor-Age, ZAE000208963

Stor-Age stock: Directors accept 491,703 performance shares in Stor-Age stock

Published on 10/22/2026 at 01:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Stor-Age directors accepted 491,703 performance shares on September 29, 2026. For Stor-Age stock, occupancy was 90.8 percent in March 2026.

Performance shares and occupancy

Stor-Age directors accepted 491,703 performance shares on September 29, 2026.
Closing occupancy reached 90.8 percent in March 2026, with South Africa at 93.4 percent.
The performance shares carry a disclosed vesting date of September 1, 2029.

Stor-Age, ZAE000208963, Illustration mit AI erstellt.

Stor-Age (ZAE000208963) disclosed the acceptance of 491,703 performance shares by executive directors on September 29, 2026, in a filing carried by Sharenet. The award gives the latest company event a clear governance and incentive angle rather than a change to the ordinary share count available for trading.

Three dated company milestones

In March 2026, Stor-Age reported closing occupancy of 90.8 percent. On September 3, 2026, shareholders held one annual general meeting. On September 29, 2026, directors accepted 491,703 performance shares, according to Sharenet.

What does the award mean for ownership?

The filing lists 491,703 performance shares for each of three executive directors and 130,000 for each of two BetterStore Self Storage Holdings directors. The awards were accepted off-market under the Conditional Share Plan at ZAR 15.51 per share, with a stated total value of ZAR 7.6 million for each of the three executive-director awards and ZAR 2.0 million for each BetterStore award, based on the disclosure by Sharenet.

Which operating figures matter?

Stor-Age's March 2026 operating profile shows a 90.8 percent closing occupancy rate, split between 93.4 percent in South Africa and 81.6 percent in the United Kingdom. The company also reported a net investment property value of ZAR 13.9 billion, a loan-to-value ratio of 26.7 percent and interim distributable income per share up 5.1 percent to 56.62 cents, according to Stor-Age. The South African portfolio has the higher occupancy rate, while the United Kingdom figure leaves a visible operating difference within the group.

Upcoming vesting date

The next dated milestone in the filing is September 1, 2029, the stated vesting date for the performance shares if the conditions are deemed satisfied by the remuneration committee. Stor-Age last stood at ZAc 1,646.00 on the JSE on October 21, 2026 at 5:02 p.m. SAST.