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AFROCENTRIC INVESTMENT CORP LIMITED - Dealings in securities

Release Date: 03/06/2014 15:05
Code(s): ACT     PDF:  
Wrap Text
Dealings in securities

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

DEALINGS IN SECURITIES BY AN ASSOCIATE OF DIRECTORS

In compliance with paragraphs 3.63 to 3.66 of the JSE Limited
Listings Requirements the following information is disclosed:

Name of Directors of           : Merika Johannes Madungandaba
Afrocentric                    : Dr Anna Theresa Mokgokong (“the
                               Directors”)
Name of Associate              :Community Investment Holdings
                               (Pty) Ltd (“CIH”). The Directors
                               are shareholders in and directors
                               of CIH
Date of Transaction            : 2 June 2014
Number of shares               : 1 900 000
Class of shares                : Ordinary shares
Price per share                : R4,50
Value                          : R8,550,000
Nature of transaction          : Acquisition of Afrocentric
                               shares by CIH in payment of the
                               second and final tranche of loan
                               settlement.
On-market or off-market        : Off-market
Nature of interest             : Indirect beneficial
Prescribed clearance given     : N/A


Johannesburg
03 June 2014


Sponsor
Sasfin Capital
(A division of Sasfin Bank Limited)

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