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)
DEALINGS IN SECURITIES ON BEHALF OF
THE AECI LONG-TERM INCENTIVE PLAN (THE LTIP)
In compliance with the JSE Limited Listings Requirements and
Debt Listings Requirements, shareholders and noteholders are
advised that AECI had entered into an agreement with Investec Bank
Limited (Investec), an independent third party broking firm, to
purchase AECI ordinary shares (Shares) on behalf of the LTIP, in
order to settle the obligations to its participants in respect of
the Performance Shares (as defined in the rules of the LTIP) that
will vest on 16 April 2021, in a
non-dilutive manner in accordance with the rules of the LTIP.
The following information is disclosed in compliance with the
Listings Requirements:
Name of share scheme:
LTIP
Company:
AECI
Nature of transaction:
On-market purchase of Shares by Investec on behalf of the LTIP to
settle the obligations to the LTIP participants
Class of securities:
Ordinary shares
Extent of
interest:
Indirect non-beneficial (purchased by Investec acting as agent on
behalf of the AECI LTIP vesting account)
Clearance to deal
obtained:
Yes
| Date of
transaction |
No. of
shares acquired |
VWAP |
Price
High |
|
Price
Low |
Value of
transaction |
| 18 March
2021 |
64
634 |
R101,7130 |
R103,7200 |
|
R100,6200 |
R6 574 118,0420 |
| 19 March
2021 |
182
239 |
R101,6552 |
R103,0300 |
|
R101,0300 |
R18 525 541,9928 |
| 23 March
2021 |
90
717 |
R100,8745 |
R101,8600 |
|
R99,9700 |
R9 151 032,0165 |
| 24 March
2021 |
154
464 |
R99,8966 |
R102,3200 |
|
R98,9200 |
R15 430 426,1054 |
Woodmead, Sandton
25 March 2021
Equity and Debt Sponsor: Rand
Merchant Bank (A division of FirstRand Bank Limited)