AFROCENTRIC INVESTMENT CORPORATION LIMITED - Dealings in securities

Dealings in securities

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


Dealings in securities by a Director and the Company Secretary of AfroCentric relating to vesting of shares
under the LTIP


In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the Company
hereby discloses the following trades by a Director and the Company Secretary of AfroCentric relating to
the acceptance of Share Awards awarded in terms of the rules of the AfroCentric Long Term Incentive Plan
(“LTIP”) and are advised of the following information relating to the vesting of Share Awards in respect of
the first tranche (being 1/3rd of Share Awards after the expiry of Retention Period i.e. in year 3 (three) after
Award Date). The price per share, for purposes of determining the market value, is the 30 day VWAP price
per AfroCentric share on 30 October 2020 being 357 cent per share:


 Name of director:                            Hannes Boonzaaier
 Designation:                                 Executive Director of AfroCentric
 Date of transaction:                         6 November 2020
 Nature of transaction:                       Acceptance of Share Awards in terms of the Company’s
                                              LTIP
 Class of security:                           Ordinary shares
 Number of securities:                        66 667
 Price per security:                          357 cents per share
 Value of transaction:                        R238 001.19
 Nature of interest:                          Direct Beneficial
 Clearance obtained:                          Yes




 Name of director:                            David Radikgomo Mokale
 Designation:                                 Company Secretary of AfroCentric
 Date of transaction:                         6 November 2020
 Nature of transaction:                       Acceptance of Share Awards in terms of the Company’s
                                              LTIP
 Class of security:                           Ordinary shares
 Number of securities:                        26 667
 Price per security:                          357 cents per share
 Value of transaction:                        R95 201.19
 Nature of interest:                          Direct Beneficial
 Clearance obtained:                          Yes




Johannesburg
9 November 2020

Sponsor
Sasfin Capital (a member of the Sasfin group)

Date: 09-11-2020 10:27:00
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