27th Jun 2019 11:30
AECI Limited - Dealings in respect of the AECI LTIPAECI Limited - Dealings in respect of the AECI LTIP
PR Newswire
London, June 27
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
(“AECI”)
DEALINGS IN SECURITIES ON BEHALF OF THE AECI LONG-TERM INCENTIVE PLAN (THE “LTIP”)
In compliance with the JSE Limited Listings Requirements (“Listings Requirements”), shareholders are advised that AECI had entered into an agreement with Avior Capital Markets Proprietary Limited (“Avior”), 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 vest on 30 June 2019, 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 Avior on behalf of the LTIP to settle the obligations to the LTIP participants |
| Class of securities: | Ordinary shares |
| Date of transaction: | 14 June 2019 |
| Number of securities: | 13 126 |
| Volume weighted average purchase price per security: | 9 363,02 cents |
| Highest purchase price per security: | 9 385, 00 cents |
| Lowest purchase price per security: | 9 317, 00 cents |
| Total value of transaction: | R1 228 990,01 |
| Date of transaction: | 18 June 2019 |
| Number of securities: | 54 943 |
| Volume weighted average purchase price per security: | 9 356,68 cents |
| Highest purchase price per security: | 9 440,00 cents |
| Lowest purchase price per security: | 9 328,00 cents |
| Total value of transaction: | R5 140 840,69 |
| Date of transaction: | 19 June 2019 |
| Number of securities: | 47 551 |
| Volume weighted average purchase price per security: | 9 391,62 cents |
| Highest purchase price per security: | 9 454,00 cents |
| Lowest purchase price per security: | 9 341,00 cents |
| Total value of transaction: | R4 465 809,23 |
| Date of transaction: | 20 June 2019 |
| Number of securities: | 38 346 |
| Volume weighted average purchase price per security: | 9 433,44 cents |
| Highest purchase price per security: | 9 499,00 cents |
| Lowest purchase price per security: | 9 159,00 cents |
| Total value of transaction: | R3 617 346,90 |
| Date of transaction: | 21 June 2019 |
| Number of securities: | 187 126 |
| Volume weighted average purchase price per security: | 9 416,91 cents |
| Highest purchase price per security: | 9 500,00 cents |
| Lowest purchase price per security: | 9 400,00 cents |
| Total value of transaction: | R17 621 487,01 |
| Date of transaction: | 24 June 2019 |
| Number of securities: | 39 876 |
| Lowest purchase price per security: | 9 332,00 cents |
| Volume weighted average purchase price per security: | 9 397,57 cents |
| Highest purchase price per security: | 9 422,00 cents |
| Total value of transaction: | R3 747 375,01 |
| Date of transaction: | 25 June 2019 |
| Number of securities: | 95 533 |
| Volume weighted average purchase price per security: | 9 309,06 cents |
| Highest purchase price per security: | 9 315,83 cents |
| Lowest purchase price per security: | 9 305,00 cents |
| Total value of transaction: | R8 893 224,29 |
| Extent of interest: | Indirect non-beneficial (purchased by Avior acting as agent on behalf of the AECI LTIP vesting account) |
| Clearance to deal obtained: | Yes |
Woodmead, Sandton
27 June 2019
Sponsor:
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Related Shares:
Aeci 5 1/2% Prf