AFRIMAT LIMITED - Vesting of ordinary shares for a director in terms of the Afrimat Forfeitable Share Plan

Vesting of ordinary shares for a director in terms of the Afrimat Forfeitable Share Plan

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

VESTING OF ORDINARY SHARES FOR A DIRECTOR IN TERMS OF THE AFRIMAT
FORFEITABLE SHARE PLAN

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

 NAME OF DIRECTOR                               Marthinus G Odendaal

 COMPANY OF WHICH A DIRECTOR                    Afrimat Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                Executive

 TYPE AND CLASS OF SECURITIES                   Ordinary shares

 NATURE OF TRANSACTION                          Release of ordinary shares from restrictions
                                                following the vesting of awards in terms of the
                                                Afrimat Forfeitable Share Plan (off-market
                                                transaction)

 DATE OF AWARD                                  30 October 2019

 DATE OF VESTING                                30 October 2022

 DATE OF TRANSACTION                            11 November 2022

 DEEMED PRICE PER SHARE                         R47.00
                                                (closing price on 28 October 2022)

 NUMBER OF SECURITIES RECEIVED                  37 400
 AFTER SETTLEMENT OF TAX

 DEEMED TOTAL RAND VALUE OF                     R1 757 800
 APPLICABLE SECURITIES

 NATURE AND EXTENT OF INTEREST IN               Direct, beneficial
 THE TRANSACTION

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

Cape Town
15 November 2022

Sponsor
PSG Capital

Date: 15-11-2022 12:55:00
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