AFROCENTRIC INVESTMENT CORPORATION LIMITED - Dealing in securities

Release Date: 24/05/2018 16:23
Code(s): ACT
 
Wrap Text
Dealing in securities

AfroCentric Investment Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1988/000570/06)
JSE Code: ACT     ISIN: ZAE000078416
(“AfroCentric” or “the Company”)


DEALINGS IN SECURITIES BY AN ASSOCIATE OF DIRECTORS

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the Company
hereby discloses the following trades by an associate of directors of the Company:


 Name of associate:                          Royal Queens Holdings Proprietary Limited (“Royal
                                             Queens”)
 Name of directors:                          Antoine van Buuren and Willem Britz
 Designations:                               Executive Directors of AfroCentric
 Relationship of associate to directors:     Antoine van Buuren and Willem Britz are shareholders
                                             and directors of Royal Queens
 Dates of transactions:                      16 May 2018 (1)
                                             17 May 2018 (2)
                                             18 May 2018 (3)
                                             21 May 2018 (4)
                                             22 May 2018 (5)
                                             23 May 2018 (6)
 Nature of transactions:                     On market purchase of AfroCentric securities
 Class of securities:                        Ordinary shares
 Number of securities:                         5 358        (1)
                                              32 500        (2)
                                              17 142        (3)
                                             400 000        (4)
                                             500 000        (5)
                                               8 451        (6)
 Price per security:                         R5.75          (1)
                                             R5.75          (2)
                                             R5.68          (3)
                                             R5.70          (4)
                                             R5.70          (5)
                                             R5.50          (6)
 Value of transactions:                      R30 808.50             (1)
                                             R186 875.00            (2)
                                             R97 352.85             (3)
                                             R2 272 000.00          (4)
                                             R2 850 000.00          (5)
                                             R46 480.50             (6)
 Nature of interest:                         Indirect Beneficial
 Clearance obtained:                         N/A

Johannesburg
24 May 2018

Sponsor
Sasfin Capital (a member of the Sasfin group)

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