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A E C I LIMITED - Dealings in securities by directors, group company secretary, director of a major subsidiary and prescribed officers

Release Date: 04/06/2020 10:30
Code(s): AFE AFEP AECI03 AECI01 AECI04 AECI02     PDF:  
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Dealings in securities by directors, group company secretary, director of a major subsidiary and prescribed officers

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”)


Acceptance of Awards of Performance Shares: Long-term Incentive Plan (“LTIP”)

In compliance with the JSE Limited 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 15 April 2020, 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 3 June 2020 as follows:
Name                 Position and                 No. of shares         Grant price          Value

MA Dytor             Chief Executive, AECI        120 924               R73,77               R8 920 563,48

KM Kathan            Chief Financial Officer,
                     AECI                         80 152                R73,77               R5 912 813,04
EN Rapoo             Group Company
                     Secretary, AECI              20 706                R73,77               R1 527 481,62
EE Ludick            Director of AECI Mining
                     Limited, a major             53 893                R73,77               R3 975 686,61
                     subsidiary of AECI

DJ Mulqueeny         Prescribed Officer, AECI     39 323                R73,77               R2 900 857,71

DK Murray            Prescribed Officer, AECI     38 865                R73,77               R2 867 071,05

CBH Watson           Prescribed Officer, AECI     32 671                R73,77               R2 410 139,67

Clearance has been obtained by all the above-mentioned recipients for the acceptance of their awards. All interests are
direct beneficial.

Woodmead, Sandton
4 June 2020

Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 04-06-2020 10:30:00
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