AECI Limited Dealings in Securities re LTIP
March 29 2021 - 4:30AM
UK Regulatory
TIDM87FZ
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 (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 No. of shares VWAP Price Price Value of
transaction acquired High Low transaction
25 March 2021 66 417 R101,6477 R102,1600 R101,0400 R6 751 135,29
26 March 2021 49 193 R102,1364 R103,0200 R100,9900 R5 024 394,79
Woodmead, Sandton
29 March 2021
Equity and Debt Sponsor: Rand Merchant Bank (A division of FirstRand Bank
Limited)
END
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