AFRIMAT LIMITED - Acceptance Of Awards By Directors In Terms Of The Forfeitable Share Plan

Acceptance Of Awards By Directors In Terms Of The Forfeitable Share Plan

AFRIMAT LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2006/022534/06)
Share code: AFT
ISIN: ZAE000086302
(“Afrimat” or “the Company”)

ACCEPTANCE OF AWARDS BY DIRECTORS IN TERMS OF THE FORFEITABLE SHARE PLAN (‘FSP’)

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information regarding the acceptance of awards is disclosed:

1.
NAME OF DIRECTOR                              Andries J van Heerden
COMPANY OF WHICH A DIRECTOR                   Afrimat Limited
STATUS: EXECUTIVE/NON-EXECUTIVE               Executive
TYPE AND CLASS OF SECURITIES                  Ordinary shares
NATURE OF TRANSACTION                         Off-market acceptance of awards in terms
                                              of the FSP
DATE OF ACCEPTANCE OF AWARDS                  23 February 2021
DEEMED VALUE PER SHARE (CENTS)                4 390
NUMBER OF AWARDS ACCEPTED                     95 000
TOTAL DEEMED RAND VALUE OF                    R4 170 500
AWARDS
AWARD DATE                                    17 February 2021
VESTING DATE OF AWARDS                        17 February 2024
NATURE AND EXTENT OF INTEREST IN              Direct, beneficial
THE TRANSACTION

2.
NAME OF DIRECTOR                              Pieter GS de Wit
COMPANY OF WHICH A DIRECTOR                   Afrimat Limited
STATUS: EXECUTIVE/NON-EXECUTIVE               Executive
TYPE AND CLASS OF SECURITIES                  Ordinary shares
NATURE OF TRANSACTION                         Off-market acceptance of awards in terms
                                              of the FSP
DATE OF ACCEPTANCE OF AWARDS                  23 February 2021
DEEMED VALUE PER SHARE (CENTS)                4 390
NUMBER OF AWARDS ACCEPTED                     62 500
TOTAL DEEMED RAND VALUE OF                    R2 743 750
AWARDS
AWARD DATE                                    17 February 2021
VESTING DATE OF AWARDS                        17 February 2024
NATURE AND EXTENT OF INTEREST IN              Direct, beneficial
THE TRANSACTION

3.
NAME OF DIRECTOR                              Collin Ramukhubathi
COMPANY OF WHICH A DIRECTOR                   Afrimat Limited
STATUS: EXECUTIVE/NON-EXECUTIVE               Executive
TYPE AND CLASS OF SECURITIES                  Ordinary shares
NATURE OF TRANSACTION                         Off-market acceptance of awards in terms
                                              of the FSP
DATE OF ACCEPTANCE OF AWARDS                  23 February 2021
DEEMED VALUE PER SHARE (CENTS)                4 390
NUMBER OF AWARDS ACCEPTED                     62 500
TOTAL DEEMED RAND VALUE OF                    R2 743 750
AWARDS
AWARD DATE                                    17 February 2021
VESTING DATE OF AWARDS                        17 February 2024
NATURE AND EXTENT OF INTEREST IN              Direct, beneficial
THE TRANSACTION

Clearance for the above transactions was obtained in terms of paragraph 3.66 of the JSE
Limited Listings Requirements.

Cape Town
23 February 2021

Sponsor
PSG Capital

Date: 23-02-2021 04:00:00
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