Dealings in securities by directors, the group company secretary and a director of a major subsidiary
(Incorporated in the Republic of South Africa)
(Registration Number: 1924/002590/06)
Share code AFE ISIN ZAE000000220
Bond company code AECI
(“AECI” or “the Company”)
DEALINGS IN SECURITIES BY DIRECTORS, THE GROUP COMPANY SECRETARY AND A
DIRECTOR OF A MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements (“Listings Requirements”), the following
information is disclosed:
In terms of the rules of the AECI Long-Term Incentive Plan (the “LTIP”), participants were allocated
performance shares in 2015. The performance shares vest on the third anniversary of the allocation
date, resulting in the 2015 tranche vesting on Saturday, 30 June 2018. The LTIP rules provide that,
where the vesting date falls on a day other than a business day, vesting must occur the following
business day, which in this case is today, Monday, 2 July 2018. Accordingly, Avior Capital Markets
Proprietary Limited, which purchased the shares on behalf of the LTIP, delivered the shares to the
The participants include the Company’s Directors, the Group Company Secretary and a Director of a
major subsidiary who received their shares as follows:
Name Position Number of shares
Mark Dytor Chief Executive 38 896
Mark Kathan Chief Financial Officer 28 634
Nomini Rapoo Group Company Secretary 7 804
Edwin Ludick Director of AECI Mining Solutions Limited, a major 15 099
Clearance was obtained in respect of each of the above off-market transactions. The nature of
interest in each instance is direct, beneficial.
The Company’s interim financial reporting period ended on 30 June 2018 and the Company will be in
closed period until the publication, on or about 25 July 2018, of its results for this reporting period.
Dispensation from the requirements of paragraphs 3.67 and 3.69 of the Listings Requirements was
obtained from the JSE Limited for Messrs Dytor, Kathan and Ludick and for Ms Rapoo to deal in AECI’s
securities since no discretion was available to them in the vesting process.
2 July 2018
Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 02/07/2018 11:49:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Email this JSE Sens Item to a Friend.