AECI Limited LTIP Acceptance of Awards of Performance Shares

 
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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May 04, 2018 09:43 ET (13:43 GMT)

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