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:
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 |
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 |
Woodmead, Sandton | |
30 March 2022 |
Equity and Debt Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
AECI Limited published this content on 30 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2022 09:14:02 UTC.