Go Back Email this Link to a friend

A E C I LIMITED - Dealings in securities on behalf of the AECI Long-Term Incentive Plan (the LTIP)

Release Date: 30/06/2017 15:00:00      Code(s): AFE     
(Incorporated in the Republic of South Africa)
(Registration Number: 1924/002590/06)
Share code AFE ISIN: ZAE000000220
(?AECI? or ?the Company?)


In compliance with the JSE Limited Listings Requirements , shareholders are advised that AECI had
entered into an agreement with Avior Capital Markets Proprietary Limited, an independent third party
broking firm (?Avior?) to purchase AECI ordinary shares (?Shares?) on behalf of the LTIP, in order to
settle the obligations to its participants in respect of the Performance Shares (as defined in the rules
of the LTIP) that vested on 30 June 2017, in a non-dilutive manner in accordance with the rules of
the LTIP.

The following information is disclosed in compliance with the JSE Limited Listings Requirements:

Name of share scheme:         The LTIP
Company:                      AECI
Nature of transaction:        On-market purchase of Shares by Avior on behalf
                              of the LTIP to settle the obligations to the LTIP
Class of securities:          Ordinary shares
Date of transaction:          26 June 2017      27 June 2017    28 June 2017         29 June 2017
Number of securities:         10 953            21 664          112 208              259 762
Volume weighted average       10 706,72         10 823,04       10 848,87            10 843,03
purchase price per security   cents             cents           cents                cents
Highest purchase price per    10 787,00         10 907,00       10 925,00            11 010,00
security:                     cents             cents           cents                cents
Lowest purchase price per     10 589,00         10 700,00       10 680,00            10 687,00
security:                     cents             cents           cents                cents
Total value of transaction:   R1 174 938,06 R2 346 062,80 R12 184 943,87             R28 285 110,12
Extent of interest:           Indirect non-beneficial (purchased by Avior via its
                              proprietary trading account)
Clearance to deal             Yes, previously obtained at date of acceptance of
obtained:                     award

The Company also advises shareholders of the following awards under the LTIP in respect of the
Directors and the Group Company Secretary that vested on 30 June 2017:

Name                Position                                           Number of Shares
Mark Dytor          Chief Executive                                              32 321
Mark Kathan         Chief Financial Officer                                      24 703
Nomini Rapoo        Group Company Secretary                                       6 491
Edwin Ludick        Director of AEL Mining Solutions Limited, a major            10 951

Woodmead, Sandton

30 June 2017

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 30/06/2017 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.