25th Jun 2018 08:51
AECI Limited - Dealings re LTIPAECI Limited - Dealings re LTIP
PR Newswire
London, June 25
AECI LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1924/002590/06)
Share code AFE ISIN: ZAE000000220
Share 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, an independent third party broking firm (“Avior”) 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 2018, 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: | 19 June 2018 | 21 June 2018 | |
| Number of securities: | 325 000 | 111 743 | |
| Purchase prices | 10 500,00 cents | 10 498,96 cents | |
| Total value of transaction: | R34 125 000,00 | R11 731 852,87 | |
| Extent of interest: | Indirect non-beneficial (purchased by Avior via its proprietary trading account) | ||
| Clearance to deal obtained: | Yes | ||
Woodmead, Sandton
Sponsor:
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
25 June 2018
Related Shares:
Aeci 5 1/2% Prf