AFROCENTRIC INVESTMENT CORP LIMITED - Dealing in securities by a director

Release Date: 20/11/2013 08:30
Code(s): ACT ACTP
 
Wrap Text
Dealing in securities by a director

AFROCENTRIC INVESTMENT CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1988/000570/06)
JSE Code: ACT, ACTP
ISIN: ZAE000078416, ZAE000082269
(“AfroCentric” or “the Company”)

DIRECTORS DEALING ANNOUNCEMENT


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


Name of Director        :    A Meyer
Company                 :    Chief Executive Officer of
                             Medscheme, a major subsidiary of
                             AfroCentric
Date of transaction     :    18 November 2013
Nature of transaction   :    On market disposal
Class of security       :    Ordinary Shares


Number of securities    :    2,986,983 ordinary shares
Trade price             :    R4.15
Value of transaction    :    R12,395,979.45
Nature of interest      :    Direct beneficial


Number of securities    :    613,017 ordinary shares
Trade price             :    R4.10
Value of transaction    :    R2,513,369.70
Nature of interest      :    Direct beneficial
Clearance obtained      :    Yes


Trading prices on the
JSE for AfroCentric
on 18 November 2013:


High:   420 cents per share
Low:    410 cents per share


Johannesburg
20 November 2013

Sponsor
Sasfin Capital, a division of Sasfin Bank Limited

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