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Dealings in securities by Directors and their Associates
AfroCentric Investment Corporation Limited
(Incorporated in South Africa)
(Registration number 1988/000570/06)
JSE share code: ACT
ISIN: ZAE000078416
(“AfroCentric” or “ACT”)
DEALINGS IN SECURITIES BY DIRECTORS AND THEIR ASSOCIATES
Unless otherwise defined in this announcement, words and expressions contained herein shall have the same
meanings as assigned to them in the combined circular distributed to AfroCentric Shareholders on Thursday,
8 December 2022 (“Combined Circular”) and available on AfroCentric’s website (http://www.afrocentric.za.com/inv-
circulars.php) and on Sanlam’s website (www.sanlam.com/presentations).
Shareholders of AfroCentric are referred to the Combined Circular whereby the AfroCentric Directors disclosed their
intent to accept the Partial Offer and the manner in which they intend to surrender their AfroCentric Shares in respect
of the Partial Offer. The Partial Offer is for a consideration of R6.00 per AfroCentric Share whereby an Offer Participant,
accepts to tender their AfroCentric Share to Sanlam Limited.
In accordance with section 3.64(b) of the JSE Listings Requirements, Shareholders of AfroCentric are advised of the
formal acceptances and dealings in securities by AfroCentric Directors.
Name of Non-Executive Director ATM Mokgokong
Nature of transaction Off market acceptance of Partial Offer and tender of ACT
Shares held by associates
Name of associate Community Investment Holdings (Pty) Ltd
Date of formal acceptance and tender of ACT Shares 10 February 2023
Number of ACT Shares tendered 41 075 651
Deemed transaction value R246 453 906
Class of Securities Ordinary shares
Nature of director’s interest Indirect beneficial
Name of Non-Executive Director MJ Madungandaba
Nature of transaction Off market acceptance of Partial Offer and tender of ACT
Shares held by associates
Name of associate Community Investment Holdings (Pty) Ltd
Date of formal acceptance and tender of ACT Shares 10 February 2023
Number of ACT Shares tendered 43 365 747
Deemed transaction value R260 194 482
Nature of director’s interest Indirect beneficial
Name of Non-Executive Director ND Munisi
Nature of transaction Off market acceptance of Partial Offer and tender of ACT
Shares held directly and by associates
Name of associate Golden Pond Trading 175 (Pty) Ltd
Date of formal acceptance and tender of ACT Shares 10 February 2023
Number of ACT Shares tendered 42 004 200
Deemed transaction value R252 025 200
Class of Securities Ordinary shares
Nature of director’s interest Direct and indirect beneficial
Name of Non-Executive Director WH Britz
Nature of transaction Off market acceptance of Partial Offer and tender of ACT
Shares held directly and by associates
Name of associates WHB Holdings (Pty) Ltd
RQ Investments (Pty) Ltd
Date of formal acceptance and tender of ACT Shares 10 February 2023
Number of ACT Shares tendered 35 449 361
Deemed transaction value R212 696 166
Class of Securities Ordinary shares
Nature of director’s interest Direct and indirect beneficial
Name of Executive Director A Banderker
Nature of transaction Off market acceptance of Partial Offer and tender of ACT
Shares
Date of formal acceptance and tender of ACT Shares 10 February 2023
Number of ACT Shares tendered 511 326
Deemed transaction value R3 067 956
Class of Securities Ordinary shares
Nature of director’s interest Direct beneficial
Name of Executive Director JW Boonzaaier
Nature of transaction Off market acceptance of Partial Offer and tender of ACT
Shares
Date of formal acceptance and tender of ACT Shares 10 February 2023
Number of ACT Shares tendered 230 001
Deemed transaction value R1 380 006
Class of Securities All ordinary shares
Nature of director’s interest Direct beneficial
Name of Non-Executive Director FG Allen
Nature of transaction Off market acceptance of Partial Offer and tender of ACT
Shares
Date of formal acceptance and tender of ACT Shares 10 February 2023
Number of ACT Shares tendered 46 880
Deemed transaction value R281 280
Class of Securities Ordinary shares
Nature of director’s interest Direct beneficial
Clearance was obtained in terms of paragraph 3.66 of the JSE Listings Requirements prior to the closed period of
AfroCentric which commenced on 1 January 2023. The Directors provided their investment decision to the Company
Secretary of AfroCentric on 9 November 2022, which information was then disclosed in the Combined Circular issued
on 8 December 2022.
RESPONSIBILITY STATEMENT
The AfroCentric Board, individually and collectively, accepts responsibility for the information contained in this
announcement insofar as it relates to AfroCentric. In addition, the AfroCentric Board confirms that, to the best of its
knowledge and belief, the information contained in this announcement, as it relates to AfroCentric, is true and correct
and, where appropriate, does not omit anything that is likely to affect the importance of the information contained herein
pertaining to AfroCentric and that all reasonable enquiries to ascertain such information have been made.
By order of the AfroCentric Board
Johannesburg
13 February 2023
Financial Advisor and Transaction Sponsor to AfroCentric
Investec Bank Limited
Date: 13-02-2023 02:30:00
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