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Vesting of ordinary shares by directors in terms of the Afrimat 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")
VESTING OF ORDINARY SHARES BY DIRECTORS IN TERMS OF THE AFRIMAT
FORFEITABLE SHARE PLAN
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information 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 Acquisition of ordinary shares through the
vesting of awards in terms of the Afrimat
Forfeitable Share Plan (off-market
transaction)
DATE OF AWARD 22 February 2021
DATE OF VESTING 22 February 2024
DATE OF TRANSACTION 22 February 2024
DEEMED PRICE PER SHARE R60.10
(closing price on 21 February 2024)
NUMBER OF SECURITIES ACQUIRED 52 250
AFTER SETTLEMENT OF TAX
DEEMED TOTAL RAND VALUE OF R3 140 225
SECURITIES TRANSACTED
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
2.
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 Acquisition of ordinary shares through the
vesting of awards in terms of the Afrimat
Forfeitable Share Plan (off-market
transaction)
DATE OF AWARD 22 February 2021
DATE OF VESTING 22 February 2024
DATE OF TRANSACTION 22 February 2024
DEEMED PRICE PER SHARE R60.10
(closing price on 21 February 2024)
NUMBER OF SECURITIES ACQUIRED 34 375
AFTER SETTLEMENT OF TAX
DEEMED TOTAL RAND VALUE OF R2 065 937.50
SECURITIES TRANSACTED
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
3.
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 Acquisition of ordinary shares through the
vesting of awards in terms of the Afrimat
Forfeitable Share Plan (off-market
transaction)
DATE OF AWARD 22 February 2021
DATE OF VESTING 22 February 2024
DATE OF TRANSACTION 22 February 2024
DEEMED PRICE PER SHARE R60.10
(closing price on 21 February 2024)
NUMBER OF SECURITIES ACQUIRED 34 375
AFTER SETTLEMENT OF TAX
DEEMED TOTAL RAND VALUE OF R2 065 937.50
SECURITIES TRANSACTED
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
4.
NAME OF DIRECTOR Marthinus G Odendaal
COMPANY OF WHICH A DIRECTOR Afrimat Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Acquisition of ordinary shares through the
vesting of awards in terms of the Afrimat
Forfeitable Share Plan (off-market
transaction)
DATE OF AWARD 22 February 2021
DATE OF VESTING 22 February 2024
DATE OF TRANSACTION 22 February 2024
DEEMED PRICE PER SHARE R60.10
(closing price on 21 February 2024)
NUMBER OF SECURITIES ACQUIRED 34 375
AFTER SETTLEMENT OF TAX
DEEMED TOTAL RAND VALUE OF R2 065 937.50
SECURITIES TRANSACTED
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.
Cape Town
23 February 2024
Sponsor
Valeo Capital (Pty) Ltd
Date: 23-02-2024 09:00:00
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