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AFRIMAT LIMITED - Directors Dealings

Release Date: 17/06/2015 13:30
Code(s): AFT     PDF:  
Wrap Text
Directors Dealings

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


DIRECTORS’ DEALINGS

In compliance with paragraphs 3.63 – 3.74 of the Listings Requirements of the JSE Limited, the
information below is disclosed.

Afrimat Share Appreciation Rights scheme
Afrimat’s senior management are participants of the Afrimat Share Appreciation Rights scheme grant 7
(grant date 9 May 2012). The earliest vesting date of this grant is 8 May 2015, subject thereto that
minimum profit growth targets are achieved during the three year vesting period. The minimum growth
targets have been exceeded and the participants may now exercise their rights.


Rights exercised
Director 1 - Purchase
Name of Director:                 Hendrik P Verreynne (FD of Afrimat Limited)
Class of securities:              Ordinary shares
Nature of transaction:            Receipt of shares as settlement of vested rights in the Afrimat Share
                                  Appreciation Rights scheme (Off market transaction)
Date of transaction:              15 June 2015
Price per share:                  R 19.69
Number of shares:                 173 827
Total value:                      R 3 422 653.63
Nature of interest:               Direct beneficial


Director 1 - Sale
Name of Director:                 Hendrik P Verreynne (FD of Afrimat Limited)
Class of securities:              Ordinary shares
Nature of transaction:            Disposal of shares to settle tax liability relating to vested rights in the
                                  Afrimat Share Appreciation Rights scheme (Off market transaction)
Date of transaction:              15 June 2015
Price per share:                  R 19.69
Number of shares:                 71 269
Total value:                   R 1 403 286.61
Nature of interest:            Direct beneficial


Clearance was given in terms of paragraph 3.66 of the Listings Requirements of the JSE Limited.


By order of the Board of Directors
Cape Town
17 June 2015
Sponsor: Bridge Capital Advisors Proprietary Limited

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