AECI Limited Specific Repurchase Cancellation

 
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 or the Company) 
 
SPECIFIC REPURCHASE OF SHARES, DELISTING AND CANCELLATION 
 
Shareholders and noteholders are referred to the announcement released the 
Stock Exchange News Service of the JSE Limited (JSE) on 1 February 2022 
advising shareholders of the AECI specific repurchase of shares made in 
accordance with the specific authority granted by shareholders at the Company's 
General Meeting held on 25 January 2012.  Under that specific authority, AECI 
repurchased 4 426 604 AECI ordinary shares of 100 cents each (Repurchased 
Shares) from the AECI Community Education and Development Trust for no 
consideration (the Specific Repurchase). This represents 4,02% of the total 
number of shares in issue before the Specific Repurchase was effected. 
 
Following the Specific Repurchase, the Company applied to the JSE for the 
delisting of the Repurchased Shares.  The JSE granted such application and the 
Repurchased Shares were delisted with effect from 7 February 2022. 
 
The Repurchased Shares reverted to authorised but unissued shares of the 
Company in accordance with section 35(5) of the Companies Act, 2008 and were 
cancelled on 15 February 2022. 
 
Following this delisting and cancellation, there are now 105 517 780 AECI 
ordinary shares of 100 cents in issue, a reduction of 4,02% due to the Specific 
Repurchase. There were no other changes to the Company's share capital. The 
number of treasury shares held by the Company before and after the Specific 
Repurchase is nil. 
 
Woodmead, Sandton 
 
16 February 2022 
 
Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited) 
 
 
 
END

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February 16, 2022 08:00 ET (13:00 GMT)

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