AFRIMAT LIMITED - Dealings by directors

Dealings by directors

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


DEALINGS BY DIRECTORS


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                  Rights to acquire ordinary shares

NATURE OF TRANSACTION                         Exercise of share appreciation rights and
                                              receipt of shares in terms of the Afrimat
                                              Share Appreciation Rights scheme (Off-
                                              market transaction)

AWARD DATE                                    17 May 2017

VESTING DATE                                  17 May 2020 (3 years from award date)

AWARD PRICE                                   R29.00

EXERCISE DATE                                 27 February 2023

EXERCISE PRICE (VWAP PRECEEDING               R56.47
THE EXERCISE DATE)

NUMBER OF RIGHTS EXERCISED                    70 000

NUMBER OF SHARES RECEIVED (NET OF             18 728
TAX)

TOTAL RAND VALUE OF SHARES                    R1 057 570.16
RECEIVED

PERIOD OF EXERCISE                            4 years from the vesting date

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
1 March 2023

Sponsor
Valeo Capital (Pty) Ltd

Date: 01-03-2023 05:11:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.