ALEXANDER FORBES GROUP HOLDINGS LIMITED - Acceptance of awards by a director of a major subsidiary and dealing in securities by the group company secretary

Release Date: 29/08/2018 14:18
Code(s): AFH
 
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Acceptance of awards by a director of a major subsidiary and dealing in securities by the group company secretary

Alexander Forbes Group Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2006/025226/06)
ISIN: ZAE000191516
Share Code: AFH
(“the Company” or “Alexander Forbes” or “the Group”)

ACCEPTANCE OF AWARDS BY A DIRECTOR OF A MAJOR SUBSIDIARY AND DEALING IN
SECURITIES BY THE GROUP GENERAL COUNSEL AND COMPANY SECRETARY

In accordance with paragraph 3.63 of the JSE Limited Listings Requirements, shareholders are advised
that a director of a major subsidiary has received allocations and accepted awards in accordance with the
Company’s long-term incentive plans namely, the Group executive share plan (“the GEC Awards”) and the
retention share plan (“the Retention Awards”). Shareholders are further advised that the Group General
Counsel and Company Secretary has dealt in the Company’s securities. The allocations, acceptances and
dealings in securities have received clearance in terms of paragraph 3.66 of the JSE Limited Listings
Requirements and in line with the Company’s securities dealing and information policy.

Director of major subsidiary                         :    S Reddy
Company                                              :    Alexander Forbes Investments Holdings Limited
Date of acceptance                                   :    27 August 2018

Nature of transaction                                :    Off-market acceptance of GEC Awards
Class of securities                                  :    GEC Awards in respect of ordinary shares
Number awarded                                       :    705 514
Grant price                                          :    Based on 3 day VWAP (R5.1434)
Transaction value                                    :    R3 628 740.71
Nature of interest                                   :    Direct beneficial
Vesting date                                         :    01 July 2022

Nature of transaction                                :    Off-market acceptance of Retention Awards
Class of securities                                  :    Retention Awards in respect of ordinary shares
Number awarded                                       :    141 103
Grant price                                          :    Based on 3 day VWAP (R5.1434)
Transaction value                                    :    R725 749.17
Nature of interest                                   :    Direct beneficial
Vesting dates                                        :    70 551 awards on 01 January 2019
                                                          70 552 awards on 01 July 2019

Group General Counsel and Company Secretary          :    CH Wessels
Company                                              :    Alexander Forbes
Date of transaction                                  :    27 August 2018

Nature of transaction                                :    On-market purchase of securities
Class of securites                                   :    Ordinary shares
Total number of shares purchased                     :    17 308
Number and price of shares                           :    2 308 shares (R5.22)
                                                          15 000 shares (R5.25)
Total transaction value                              :    R90 797.76
Nature of interest                                   :    Direct beneficial

Carina Wessels
Group General Counsel and Company Secretary

29 August 2018

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

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