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A E C I LIMITED - Dealings in securities by directors, by the company secretary and by directors of a major subsidiary

Release Date: 01/12/2015 07:54
Code(s): AFE     PDF:  
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Dealings in securities by directors, by the company secretary and by directors of a major subsidiary

    
AECI LIMITED
Incorporated in the Republic of South Africa
(Registration No. 1924/002590/06)
Share code: AFE 
ISIN No. ZAE000000220 
("AECI")

DEALINGS IN SECURITIES BY DIRECTORS, BY THE COMPANY SECRETARY AND BY DIRECTORS 
OF A MAJOR SUBSIDIARY

In compliance with the JSE Limited Listings Requirements, shareholders are advised 
of the following dealings in AECI's securities. All dealings relate to bonus shares 
having vested on 22 November 2015, in terms of the 2012 AECI Long-term Incentive Plan.

Name                                      Mark Dytor Position
Chief Executive Date of transaction       26 November 2015
Nature of transaction                     On-market disposal of shares
Class of securities                       Ordinary shares
Total number of shares vested             29 198 at R90,8938 per share
Total value of shares vested              R2 653 917,17
Number of shares sold                     12 410
Sale price                                High:      R88,9800
                                          Low:       R89,1600
                                          Average:   R88,6283
Total value of shares sold                R1 099 877,20
Number of shares retained                 16 788
Nature of interest                        Direct beneficial
Clearance obtained                        Yes

Name                                      Mark Kathan
Position                                  Chief Financial Officer
Date of transaction                       27 November 2015
Nature of transaction                     On-market disposal of shares
Class of securities                       Ordinary shares
Total number of shares vested             44 491 at R90,8938 per share
Total value of shares vested              R4 043 956,06
Number of shares sold                     18 909
Sale price                                High:      R89,3300
                                          Low:       R88,9600
                                          Average:   R89,0250
Total value of shares sold                R1 683 373,73
Number of shares retained                 25 582
Nature of interest                        Direct beneficial
Clearance obtained                        Yes

Name                                      Nomini Rapoo
Position                                  Group Company Secretary
Date of transaction                       26 November 2015
Nature of transaction                     On-market disposal of shares
Class of securities                       Ordinary shares
Total number of shares vested             11 497 at R90,8938 per share
Total value of shares vested              R1 045 006,02
Number of shares sold                     11 497
Sale price                                High:      R89,5800
                                          Low:       R89,0000
                                          Average:   R89,1555
Total value of shares sold                R1 025 020,78
Nature of interest                        Direct beneficial
Clearance obtained                        Yes

Name                                      Liesel de Villiers
Position                                  Director of AEL Holdco Limited, a major subsidiary
Date of transaction                       27 November 2015
Nature of transaction                     On-market disposal of shares
Class of securities                       Ordinary shares
Total number of shares vested             10 917 at R90,8938 per share
Total value of shares vested              R992 287,61
Number of shares sold                     10 917
Sale price                                High:      R88,9500
                                          Low:       R88,250
                                          Average:   R88,6901
Total value of shares sold                R968 229,82
Nature of interest                        Direct beneficial
Clearance obtained                        Yes

Name                                      Wayne Du Chenne
Position                                  Director of AEL Holdco Limited, a major subsidiary
Date of transaction                       26 November 2015
Nature of transaction                     On-market disposal of shares
Class of securities                       Ordinary shares
Total number of shares vested             10 816 at R90,8938 per share
Total value of shares vested              R983 107,34
Number of shares sold                     10 816
Sale price                                High:      R88,4100
                                          Low:       R87,9100
                                          Average:   R88,1252
Total value of shares sold                R953 162,16
Nature of interest                        Direct beneficial
Clearance obtained                        Yes

Name                                      Edwin Ludick
Position                                  Director of AEL Holdco Limited, a major subsidiary
Date of transaction                       27 November 2015
Nature of transaction                     On-market disposal of shares
Class of securities                       Ordinary shares
Total number of shares vested             19 854 at R90,8938 per share
Total value of shares vested              R1 804 605,51
Number of shares sold                     19 854
Sale price                                High:      R88,6200
                                          Low:       R87,9200
                                          Average:   R88,0751
Total value of shares sold                R1 748 643,04
Nature of interest                        Direct beneficial
Clearance obtained                        Yes

Name                                      Sepadi Mohlabeng
Position                                  Director of AEL Holdco Limited, a major subsidiary
Date of transaction                       26 November 2015
Nature of transaction                     On-market disposal of shares
Class of securities                       Ordinary shares
Total number of shares vested             11 604 at R90,8938 per share
Total value of shares vested              R1 054 731,66
Number of shares sold                     11 604
Sale price                                High:      R89,0500
                                          Low:       R88,7900
                                          Average:   R88,9124
Total value of shares sold                R1 031 739,49
Nature of interest                        Direct beneficial
Clearance obtained                        Yes

Woodmead, Sandton
1 December 2015

Sponsor:  RAND MERCHANT BANK (A Division of FirstRand Bank Limited)

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