AFRIMAT LIMITED - Vesting of ordinary shares by directors in terms of the Afrimat Forfeitable Share Plan

Vesting of ordinary shares by directors 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” or “the Company”)


VESTING OF ORDINARY SHARES BY DIRECTORS 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                               Andries J van Heerden

COMPANY OF WHICH A DIRECTOR                    Afrimat Limited

STATUS: EXECUTIVE/NON-EXECUTIVE                Executive

TYPE AND CLASS OF SECURITIES                   Ordinary shares

NATURE OF TRANSACTION                          Acquisition of ordinary shares through the
                                               vesting of awards in terms of the Afrimat
                                               Forfeitable    Share    Plan    (off-market
                                               transaction)

DATE OF AWARD                                  26 February 2020

DATE OF VESTING                                27 February 2023

DATE OF TRANSACTION                            27 February 2023

DEEMED PRICE PER SHARE                         R56.00
                                               (closing price on 24 February 2023)

NUMBER OF SECURITIES ACQUIRED                  68 393
AFTER SETTLEMENT OF TAX

DEEMED TOTAL RAND VALUE OF                     R3 830 008
SECURITIES TRANSACTED

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
27 February 2023

Sponsor
Valeo Capital (Pty) Ltd

Date: 27-02-2023 05:10:00
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