A E C I LIMITED - Dealings in securities on behalf of the AECI Long-Term Incentive Plan (the LTIP)

Release Date: 25/06/2018 09:30
Code(s): AFE AFEP
 
Wrap Text
Dealings in securities on behalf of the AECI Long-Term Incentive Plan (the “LTIP”)

AECI LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1924/002590/06)
Share code AFE ISIN: ZAE000000220
Share code AFEP ISIN ZAE000000238
Bond company code AECI
(“AECI”)

DEALINGS IN SECURITIES ON BEHALF OF THE AECI LONG-TERM INCENTIVE PLAN (THE “LTIP”)

In compliance with the JSE Limited Listings Requirements (“Listings Requirements”) , shareholders are
advised that AECI had entered into an agreement with Avior Capital Markets Proprietary Limited, an
independent third party broking firm (“Avior”) to purchase AECI ordinary shares (“Shares”) on behalf of the
LTIP, in order to settle the obligations to its participants in respect of the Performance Shares (as defined in
the rules of the LTIP) that vest on 30 June 2018, in a non-dilutive manner in accordance with the rules of
the LTIP.

The following information is disclosed in compliance with the Listings Requirements:

 Name of share scheme:           LTIP
 Company:                        AECI
 Nature of transaction:          On-market purchase of Shares by Avior on behalf of the
                                 LTIP to settle the obligations to the LTIP participants
 Class of securities:            Ordinary shares
 Date of transaction:            19 June 2018         21 June 2018
 Number of securities:           325 000              111 743
 Purchase prices                 10 500,00 cents      10 498,96 cents
 Total value of transaction:     R34 125 000,00       R11 731 852,87
 Extent of interest:             Indirect non-beneficial (purchased by Avior via its proprietary trading account)
 Clearance to deal obtained:     Yes

Woodmead, Sandton
25 June 2018

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

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