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Directors dealings in securities
AFROCENTRIC INVESTMENT CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1988/000570/06)
JSE Code: ACT, ACTP
ISIN: ZAE000078416, ZAE000082269
(“AfroCentric” or “the Company”)
SHARE ALLOTMENTS: DIRECTORS DEALING ANNOUNCEMENT
Shareholders are referred to the announcement released on SENS on 11
October 2013 wherein shareholders were advised of the allotments to
be made to the participating executives following the achievement of
profit warranties pursuant to the 2008 Acquisition Agreement,
subsequent to the acquisition by AfroCentric of Lethimvula
Investments Limited, now known as AfroCentric Health Limited.
In compliance with paragraphs 3.63 to 3.74 of the Listings
Requirements of the JSE Limited the following information is
disclosed:
Name of Director : A Meyer
Company : Major subsidiary/ies of AfroCentric
Date of transaction : 14 November 2013
Nature of transaction : Off market receipt of new ordinary
shares in AfroCentric pursuant to the
second tranche share payment
Class of security : Ordinary Shares
Number of securities : 3,600,000 ordinary shares
Trade price : 146.78 cents
Value of transaction : R5,284,112.00
Nature of interest : Direct Beneficial
Clearance obtained : Yes
Name of Director : EM da Silva
Company : Major subsidiary/ies of AfroCentric
Date of transaction : 14 November 2013
Nature of transaction : Off market receipt of new ordinary
shares in AfroCentric pursuant to the
second tranche share payment
Class of security : Ordinary Shares
Number of securities : 1,423,077 ordinary shares
Trade price : 188.54 cents
Value of transaction : R2,683,048.00
Nature of interest : Direct Beneficial
Clearance obtained : Yes
Name of Director : KM Aron
Company : Major subsidiary/ies of AfroCentric
Date of transaction : 14 November 2013
Nature of transaction : Off market receipt of new ordinary
shares in AfroCentric pursuant to the
second tranche share payment
Class of security : Ordinary Shares
Number of securities : 3,230,769 ordinary shares
Trade price : 146.78 cents
Value of transaction : R4,742,151.00
Nature of interest : Direct Beneficial
Clearance obtained : Yes
Name of Director : LR Callakoppen
Company : Major subsidiary/ies of AfroCentric
Date of transaction : 14 November 2013
Nature of transaction : Off market receipt of new ordinary
shares in AfroCentric pursuant to the
second tranche share payment
Class of security : Ordinary Shares
Number of securities : 2,153,846 ordinary shares
Trade price : 146.78 cents
Value of transaction : R3,161,434.00
Nature of interest : Direct Beneficial
Clearance obtained : Yes
Name of Director : TM Rametse
Company : Major subsidiary/ies of AfroCentric
Date of transaction : 14 November 2013
Nature of transaction : Off market receipt of new ordinary
shares in AfroCentric pursuant to the
second tranche share payment
Class of security : Ordinary Shares
Number of securities : 1,615,385 ordinary shares
Trade price : 146.78 cents
Value of transaction : R2,371,076.00
Nature of interest : Direct Beneficial
Clearance obtained : Yes
Name of Director : V Pillay
Company : Major subsidiary/ies of AfroCentric
Date of transaction : 14 November 2013
Nature of transaction : Off market receipt of new ordinary
shares in AfroCentric pursuant to the
second tranche share payment
Class of security : Ordinary Shares
Number of securities : 1,076,923 ordinary shares
Trade price : 440.00 cents
Value of transaction : R4,738,461.00
Nature of interest : Direct Beneficial
Clearance obtained : Yes
Name of Director : WRC Holmes
Company : Major subsidiary/ies of AfroCentric
Date of transaction : 14 November 2013
Nature of transaction : Off market receipt of new ordinary
shares in AfroCentric pursuant to the
second tranche share payment
Class of security : Ordinary Shares
Number of securities : 2,153,846 ordinary shares
Trade price : 146.78 cents
Value of transaction : R3,161,434.00
Nature of interest : Direct Beneficial
Clearance obtained : Yes
Name of Director : YM Motsisi
Company : Major subsidiary/ies of AfroCentric
Date of transaction : 14 November 2013
Nature of transaction : Off market receipt of new ordinary
shares in AfroCentric pursuant to the
second tranche share payment
Class of security : Ordinary Shares
Number of securities : 1,076,923 ordinary shares
Trade price : 146.78 cents
Value of transaction : R1,580,717.00
Nature of interest : Direct Beneficial
Clearance obtained : Yes
Name of Director : D Dempers
Company : Major subsidiary/ies of AfroCentric
Date of transaction : 14 November 2013
Nature of transaction : Off market receipt of new ordinary
shares in AfroCentric pursuant to the
second tranche share payment
Class of security : Ordinary Shares
Number of securities : 6,500,000 ordinary shares
Trade price : 390.00 cents
Value of transaction : R25,350,000.00
Nature of interest : Direct Beneficial
Clearance obtained : Yes
4,169,231 of the abovementioned shares will be held by AfroCentric
Management Services for a period not exceeding 3 years in accordance
with the terms of the second tranche payment.
Trading prices per share on the JSE Limited on 14 November 2013:
High: 424 cents
Low: 420 cents
Johannesburg
15 November 2014
Sponsor
Sasfin Capital, a division of Sasfin Bank Limited
Date: 15/11/2013 08:00:00 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.
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