AFRIMAT LIMITED - Dealings by a director and an associate of a director

Dealings by a director and an associate of a director

AFRIMAT LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2006/022534/06)
Share code: AFT
ISIN: ZAE000086302
(“Afrimat” or “the Company”)


DEALINGS BY A DIRECTOR AND AN ASSOCIATE OF A DIRECTOR


In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information is disclosed:

1.
NAME OF DIRECTOR                              Gerhard Odendaal

COMPANY OF WHICH A DIRECTOR                   Afrimat Limited

STATUS: EXECUTIVE/NON-EXECUTIVE               Executive

TYPE AND CLASS OF SECURITIES                  Rights to acquire ordinary shares

NATURE OF TRANSACTION                         Exercise of share appreciation rights and
                                              receipt of shares in terms of the Afrimat
                                              Share Appreciation Rights scheme (Off-
                                              market transaction)

AWARD DATE                                    5 November 2018

VESTING DATE                                  4 November 2021 (3 years from award
                                              date)

AWARD PRICE                                   R26.79

EXERCISE DATE                                 30 June 2023

EXERCISE PRICE (VWAP PRECEEDING               R62.65
THE EXERCISE DATE)

NUMBER OF RIGHTS EXERCISED                    80 000

NUMBER OF SHARES RECEIVED (NET OF             25 185
TAX)

TOTAL RAND VALUE OF SHARES                    R1 577 840.25
RECEIVED

PERIOD OF EXERCISE                            4 years from the vesting date
 
NATURE AND EXTENT OF INTEREST IN              Direct, beneficial
THE TRANSACTION



2.
NAME OF DIRECTOR                               Loyiso Dotwana

COMPANY OF WHICH A DIRECTOR                    Afrimat Limited

STATUS: EXECUTIVE/NON-EXECUTIVE                Non-Executive

TYPE AND CLASS OF SECURITIES                   Ordinary shares

NATURE OF TRANSACTIONS                         Sale of shares by an associate of
                                               a director (on-market transactions) (1-2)

DATES OF TRANSACTIONS                          29 June 2023      (1)

                                               30 June 2023      (2)


PRICE PER SECURITY (CENTS)                     High: 6 275 cents (1)
                                               Low: 6 182 cents
                                               VWAP: 6 214 cents

                                               High: 6 229 cents (2)
                                               Low:  6 205 cents
                                               VWAP: 6 208 cents


NUMBER OF SECURITIES TRANSACTED                93 994     (1)

                                               35 856     (2)

TOTAL RAND VALUE OF SECURITIES                 R5 841 225.70 (1)
TRANSACTED
                                               R2 225 992.73 (2)

NAME OF ASSOCIATE                              Mega Oils Proprietary Limited

RELATIONSHIP WITH DIRECTOR                     Director and shareholder of the associate

NATURE AND EXTENT OF INTEREST IN               Indirect, beneficial
THE TRANSACTIONS


Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.


Cape Town
4 July 2023


Sponsor
Valeo Capital (Pty) Ltd

Date: 04-07-2023 08:00:00
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