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)