Go Back Email this Link to a friend

A E C I LIMITED - Acceptance of Awards of Performance Shares: Long-term Incentive Plan (LTIP)

Release Date: 11/09/2015 15:00:00      Code(s): AFE     
AECI Limited
(Incorporated in the Republic of South Africa)
(Registration number 1924/002590/06)
Share Code: AFE ISIN: ZAE000000220
(?AECI? or ?the Company?)

Acceptance of Awards of Performance Shares: Long-term Incentive Plan (?LTIP?)

In compliance with the JSE Limited Listing Requirements, the following information is disclosed:
In terms of the rules of the Company?s LTIP, participants were allocated performance shares in 2015.
These will convert into AECI ordinary shares and will vest after three years, subject to the
performance conditions attached to each allocation being met. The performance shares were issued
at the grant price as indicated and were accepted off-market on 11 September 2015 by the Company?s
Executive Directors as follows:

                          No. of performance
Executive Director                                   Grant price             Value

MA Dytor                  27 783                     R117,19                 R3 255 889,77

KM Kathan                 20 453                     R117,19                 R2 396 887,07

Clearance has been obtained by both the above-mentioned Executive Directors for the acceptance of
the awards. All interests are direct beneficial.

Woodmead, Sandton
11 September 2015

Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 11/09/2015 03:00:00 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             . The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Email this JSE Sens Item to a Friend.

Send e-mail to
© 2018 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.