AECI Limited LTIP Acceptance of Awards of Performance Shares
May 04 2018 - 9:43AM
UK Regulatory
TIDM87FZ
AECI Limited
(Incorporated in the Republic of South Africa)
(Registration number 1924/002590/06)
Share code: AFE ISIN: ZAE000000220
Bond company code: AECI
("AECI" or "the Company")
DEALINGS IN SECURITIES BY DIRECTORS, THE GROUP COMPANY SECRETARY AND THE
DIRECTOR OF A MAJOR SUBSIDIARY
Acceptance of Awards of Performance Shares: Long-term Incentive Plan ("LTIP")
In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:
In terms of the rules of the Company's LTIP, participants have been allocated a
new award of performance shares. These will convert into AECI ordinary shares
and will vest after three years, subject to the performance conditions attached
to each allocation being met. The performance shares were issued at the grant
price as indicated below and were accepted off-market on 4 May 2018 as follows:
Name Position and No. of shares Grant price Value
company
MA Dytor Chief Executive, 62 474 R112,76 R7 044 568,24
AECI
KM Kathan Chief Financial 46 200 R112,76 R5 209 512,00
Officer, AECI
EN Rapoo Group Company 15 378 R112,76 R1 734 023,28
Secretary, AECI
EE Ludick Director of AECI 31 004 R112,76 R3 496 011,04
Mining Solutions
Limited, a major
subsidiary of AECI
Clearance has been obtained by all the above-mentioned recipients for the
acceptance of their awards. All interests are direct beneficial.
Woodmead, Sandton
4 May 2018
Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)
END
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