AECI Limited - Dealings in Securities
November 06 2020 - 8:00AM
PR Newswire (US)
AECI LIMITED
Incorporated in the Republic of South
Africa
(Registration number: 1924/002590/06)
Share code: AFE ISIN:
ZAE000000220
Hybrid code: AFEP ISIN: ZAE000000238
Bond company code: AECI
LEI: 3789008641F1D3D90E85
(“AECI” or the “Company”)
DEALINGS IN SECURITIES BY DIRECTORS,
DIRECTOR OF A MAJOR SUBSIDIARY, PRESCRIBED OFFICERS AND GROUP
COMPANY SECRETARY
Shareholders and noteholders are referred to the Company’s
announcement published on the JSE Limited (”JSE”)s Stock Exchange
News Service on 26 June 2020
regarding the deferral of the vesting of performance shares under
the AECI Long-term Incentive Plan (“LTIP”) from 30 June 2020 to a later date. This deferral
was in line with AECI’s focus on safeguarding its financial
position in terms of liquidity through the COVID-19
pandemic.
The performance shares subsequently vested on 30 October
2020. In compliance with JSE Listings and Debt Listings
Requirements, shareholders and noteholders are advised of the
following sales under the LTIP in respect of the awards that vested
on that date:
Name: |
Mark Dytor |
Position and company: |
Chief Executive, AECI |
Date of transaction: |
5 November 2020 |
Nature of transaction: |
On-market sale of ordinary shares to settle
the tax obligations arising from the LTIP |
Number of securities: |
42 696 |
Class of securities: |
Ordinary shares |
VWAP per security: |
8 102,46 cents |
Total value of transaction: |
R3 459 426,32 |
Highest price |
8 125,00 cents |
Lowest price |
8 100,00 cents |
Extent of interest: |
Direct beneficial |
Clearance to deal obtained: |
Yes |
|
|
Name: |
Mark Kathan |
Position and company: |
Chief Financial Officer, AECI |
Date of transaction: |
5 November 2020 |
Nature of transaction: |
On-market sale of ordinary shares to settle
the tax obligations arising from the LTIP |
Number of securities: |
34 356 |
Class of securities: |
Ordinary shares |
VWAP per security: |
8 102,46 cents |
Total value of transaction: |
R2 783 681,16 |
Highest price |
8 125,00 cents |
Lowest price |
8 100,00 cents |
Extent of interest: |
Direct beneficial |
Clearance to deal obtained: |
Yes |
|
|
Name: |
Edwin Ludick |
Position and company: |
Director, AECI Mining Limited (a major
subsidiary) |
Date of transaction: |
5 November 2020 |
Nature of transaction: |
On-market sale of ordinary shares to settle
the tax obligations arising from the LTIP |
Number of securities: |
24 489 |
Class of securities: |
Ordinary shares |
VWAP per security: |
8 102,46 cents |
Total value of transaction: |
R1 984 211,43 |
Highest price |
8 125,00 cents |
Lowest price |
8 100,00 cents |
Extent of interest: |
Direct beneficial |
Clearance to deal obtained: |
Yes |
|
|
Name: |
Dean Murray |
Position and company: |
Prescribed Officer, AECI |
Date of transaction: |
5 November 2020 |
Nature of transaction: |
On-market sale of ordinary shares to settle
the tax obligations arising from the LTIP |
Number of securities: |
14 632 |
Class of securities: |
Ordinary shares |
VWAP per security: |
8 102,46 cents |
Total value of transaction: |
R1 185 551,95 |
Highest price |
8 125,00 cents |
Lowest price |
8 100,00 cents |
Extent of interest: |
Direct beneficial |
Clearance to deal obtained: |
Yes |
|
|
Name: |
Dean Mulqueeny |
Position and company: |
Prescribed Officer, AECI |
Date of transaction: |
5 November 2020 |
Nature of transaction: |
On-market sale of ordinary shares to settle
the tax obligations arising from the LTIP |
Number of securities: |
14 609 |
Class of securities: |
Ordinary shares |
VWAP per security: |
8 102,46 cents |
Total value of transaction: |
R1 183 688,38 |
Highest price |
8 125,00 cents |
Lowest price |
8 100,00 cents |
Extent of interest: |
Direct beneficial |
Clearance to deal obtained: |
Yes |
|
|
Name: |
Nomini Rapoo |
Position and company: |
Group Company Secretary, AECI |
Date of transaction: |
5 November 2020 |
Nature of transaction: |
On-market sale of ordinary shares to settle
the tax obligations arising from the LTIP |
Number of securities: |
10 556 |
Class of securities: |
Ordinary shares |
VWAP per security: |
8 102,46 cents |
Total value of transaction: |
R855 295,68 |
Highest price |
8 125,00 cents |
Lowest price |
8 100,00 cents |
Extent of interest: |
Direct beneficial |
Clearance to deal obtained: |
Yes |
|
|
Woodmead, Sandton
6 November 2020
Sponsor and Debt Sponsor: Rand
Merchant Bank (A division of FirstRand Bank Limited)
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