To view the PDF file, sign up for a MySharenet subscription.

AFROCENTRIC INVESTMENT CORPORATION LIMITED - Dealing in securities

Release Date: 19/12/2019 13:11
Code(s): ACT     PDF:  
 
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” or “the Group”)

Dealing in Securities by Directors of the Company, the Company Secretary and a
Director of Major Subsidiaries

In compliance with the terms of paragraphs 3.63 to 3.74 of the JSE Limited Listings
Requirements, the Company hereby discloses the following director’s dealings in AfroCentric
shares relating to options or shares accepted in terms of the Company’s Share Option
Scheme:

Name of Director:                                 A Banderker
Designation:                                      Chief Executive Officer of AfroCentric
Class of securities:                              Options in respect of ordinary shares
Nature of interest:                               Direct beneficial
Date of transaction:                              17 December 2019
Nature of transaction:                            Acceptance of options granted in terms of the
                                                  Company’s Share Option Scheme (Off -
                                                  market trade)
Date of expiry:                                   20 November 2021
Number of securities obtained:                    500 000
Price per security:                               R3.50
Value of transaction:                             R1 750 000.00
Clearance obtained:                               Yes

Name of Director:                                 S Mmakau
Designation:                                      Executive Director of AfroCentric
Class of securities:                              Options in respect of ordinary shares
Nature of interest:                               Direct beneficial
Date of transaction:                              17 December 2019
Nature of transaction:                            Acceptance of options granted in terms of the
                                                  Company’s Share Option Scheme (Off -
                                                  market trade)
Date of expiry:                                   20 November 2021
Number of securities obtained:                    250 000
Price per security:                               R3.50
Value of transaction:                             R875 000.00
Clearance obtained:                               Yes

Name of Director:                                 N Nyathi
Designation:                                      Executive Director of AfroCentric
Class of securities:                              Options in respect of ordinary shares
Nature of interest:                               Direct beneficial
Date of transaction:                              17 December 2019
Nature of transaction:                            Acceptance of options granted in terms of the
                                                  Company’s Share Option Scheme (Off -
                                                  market trade)
Date of expiry:                                   20 November 2021
Number of securities obtained:                    350 000
Price per security:                               R3.50
Value of transaction:                             R1 225 000.00
Clearance obtained:                               Yes

Name of Director:                                 A Mahmood
Designation:                                      Executive Director of AfroCentric
Class of securities:                              Options in respect of ordinary shares
Nature of interest:                               Direct beneficial
Date of transaction:                              17 December 2019
Nature of transaction:                            Acceptance of options granted in terms of the
                                                  Company’s Share Option Scheme (Off -
                                                  market trade)
Date of expiry:                                   20 November 2021
Number of securities obtained:                    350 000
Price per security:                               R3.50
Value of transaction:                             R1 225 000.00
Clearance obtained:                               Yes

Name of Director:                                 H Boonzaaier
Designation:                                      Financial Director of Afrocentric
Class of securities:                              Options in respect of ordinary shares
Nature of interest:                               Direct beneficial
Date of transaction:                              17 December 2019
Nature of transaction:                            Acceptance of options granted in terms of the
                                                  Company’s Share Option Scheme (Off -
                                                  market trade)
Date of expiry:                                   20 November 2021
Number of securities obtained:                    500 000
Price per security:                               R3.50
Value of transaction:                             R1 750 000.00
Clearance obtained:                               Yes



Name of Director:                                 B Mokale
Designation:                                      Group Company Secretary
Class of securities:                              Options in respect of ordinary shares
Nature of interest:                               Direct beneficial
Date of transaction:                              17 December 2019
Nature of transaction:                            Acceptance of options granted in terms of the
                                                  Company’s Share Option Scheme (Off -
                                                  market trade)
Date of expiry:                                   20 November 2021
Number of securities obtained:                    120 000
Price per security:                               R3.50
Value of transaction:                             R420 000.00
Clearance obtained:                               Yes



Name of Director:                               G Erasmus
Designation:                                    Managing Director of: Pharmacy
                                                Direct/Curasana/ Activo Health, major
                                                subsidiaries of AfroCentric
Class of securities:                            Options in respect of ordinary shares
Nature of interest:                             Direct beneficial
Date of transaction:                            17 December 2019
Nature of transaction:                          Acceptance of options granted in terms of the
                                                Company’s Share Option Scheme (Off -
                                                market trade)
Date of expiry:                                 20 November 2021
Number of securities obtained:                  350 000
Price per security:                             R3.50
Value of transaction:                           R1 225 000.00
Clearance obtained:                             Yes


Johannesburg
19 December 2019

Sponsor:
Sasfin Capital (a member of the Sasfin group)

Date: 19-12-2019 01:11:00
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.

Share This Story