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 14 April 2022, 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 |
| 24 March
2022 |
14
816 |
R113,331203 |
R113,5900 |
R112,7800 |
R1
679 115,00 |
| 25 March
2022 |
11
357 |
R115,228179 |
R115,3100 |
R114,6300 |
R1
308 646,00 |
| 28 March
2022 |
14
925 |
R113,644885 |
R116,0000 |
R112,3400 |
R1
696 150,00 |
| 29 March
2022 |
182
314 |
R113,226322 |
R114,3700 |
R112,0100 |
R20
642 744,00 |
Woodmead, Sandton
30 March 2022
Equity and Debt Sponsor: Rand
Merchant Bank (A division of FirstRand Bank Limited)