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)
DEALINGS IN SECURITIES BY DIRECTORS,
DIRECTOR OF MAJOR SUBSIDIARY, GROUP COMPANY SECRETARY AND
PRESCRIBED OFFICERS
Acceptance of awards of performance
shares: Long-term Incentive Plan (LTIP)
In compliance with the JSE Limited Listings Requirements and
Debt Listings Requirements, the following information is
disclosed:
In terms of the standard rules of the Company’s LTIP,
participants have been allocated a new award of performance shares
in line with an annual process. These will convert into AECI
ordinary shares and will vest three years after the grant date of
14 April 2022, subject to the
performance conditions attached to each allocation being met.
The performance shares were issued at the grant price as indicated
below and were accepted off-market on 1
August 2022 as follows:
| Name |
Position and company |
No. of shares |
Grant price |
Value |
| MA Dytor |
Chief Executive, AECI |
69 294 |
R114.60 |
R7 941 092.40 |
| A Takoordeen |
Chief Financial Officer, AECI |
46 294 |
R114.60 |
R5 305 292.40 |
| KM Kathan |
Director of AECI Mining Limited, a
major subsidiary of AECI |
46 161 |
R114.60 |
R5 290 050.60 |
| C Singh |
Group Company Secretary, AECI |
22 682 |
R114.60 |
R2 599 357.20 |
| DJ Mulqueeny |
Prescribed Officer, AECI |
27 112 |
R114.60 |
R3 107 035.20 |
| DK Murray |
Prescribed Officer, AECI |
27 112 |
R114.60 |
R3 107 035.20 |
Clearance has been obtained by all the above-mentioned
recipients for the acceptance of their awards. All interests are
direct beneficial.
Woodmead, Sandton
2 August 2022
Equity and Debt Sponsor: Rand
Merchant Bank (A division of FirstRand Bank Limited)