15th Jul 2020 09:30
AECI Limited - Dealings in Securities re the AECI LTIPAECI Limited - Dealings in Securities re the AECI LTIP
PR Newswire
London, July 15
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 (“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 vested on 30 June 2020, in a non-dilutive manner in accordance with the rules of the LTIP.
Shares were purchased in terms of an approved share purchase programme, with binding instructions having been provided to the broker ahead of the closed or prohibited period.
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 (R) | Price High (R) | Price Low (R) | Value of transaction (R) |
| 9 July 2020 | 605 355 | 79,73 | 81,77 | 78,74 | 48 264 954 |
| 10 July 2020 | 34 250 | 80,76 | 82,19 | 78,48 | 2 766 030 |
| 13 July 2020 | 19 720 | 79,76 | 81,05 | 78,77 | 1 572 867 |
| 14 July 2020 | 85 565 | 81,09 | 82,00 | 80,00 | 6 938 466 |
Woodmead, Sandton
15 July 2020
Sponsor:
Rand Merchant Bank (A division of FirstRand Bank Limited)
Related Shares:
Aeci 5 1/2% Prf