AFROCENTRIC INVESTMENT CORPORATION LIMITED - Dealing in securities by a Director of AfroCentric relating to vesting of Share Option Awards

Dealing in securities by a Director of AfroCentric relating to vesting of Share Option Awards

AfroCentric Investment Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1988/000570/06)
JSE Code: ACT ISIN: ZAE000078416
(“the Company" or “AfroCentric”)




Dealing in securities by a Director of AfroCentric relating to vesting of Share Option Awards under the
Long Term Investment Plan of the Company.


In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the Company
hereby discloses the following information relating to the acceptance of vested share option awards (“Share
Awards”) by a director of the Company, in terms of the rules of the AfroCentric Long Term Incentive Plan
(“LTIP”):


Name of Director:                                   Mr Hannes Boonzaaier

Designation:                                        AfroCentric Group Chief Financial Officer

Class of securities:                                AfroCentric ordinary shares

Nature of interest:                                 Direct beneficial

Award Dates:                                        22 November 2017(1), 15 November 2018(2) and
                                                    29 November 2019(3)

Date of transaction:                                12 January 2022

Nature of transaction:                              Acceptance of vested Share Awards in terms of the
                                                    Company’s LTIP

Number of securities:                               66 665(1)
                                                    66 666 (2)
                                                    166 666 (3)

Price per security (cents):                         Rnil

Value per security:                                 R3.91(4)

Value of transaction:                               R1 172 988.27

Clearance obtained:                                 Yes (5)


Notes:
1. Vesting of the third tranche of Share Awards (being 1/3rd of total Share Awards vested after the expiry of the
   retention period of 5 (five) years after Award Date).
2. Vesting of the second tranche of Share Awards (being 1/3rd of total Share Awards vested after the expiry of
   the retention period of 4 (four) years after Award Date).
3. Vesting of the first tranche of Share Awards (being 1/3rd of total Share Awards vested after the expiry of the
   retention period of 3 (three) years after Award Date).
4. The market value of the securities as determined in the resolution passed and approved by
   shareholders at the Annual General Meeting of the Company held on 8 November 2017.
5. Clearance to deal and the instruction to accept the award were given by Mr Boonzaaier prior to
   AfroCentric entering a closed period.


Johannesburg
17 January 2023

JSE Sponsor to AfroCentric
Questco Corporate Advisory Proprietary Limited

Date: 17-01-2023 12:10:00
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