21 Nov 2013 12:11
AECI LTD - Acceptance of awards of performance sharesAECI LTD - Acceptance of awards of performance shares
PR Newswire
London, November 21
AECI Limited (Incorporated in the Republic of South Africa) (Registration number 1924/002590/06) Share Code: AFE ISIN: ZAE000000220 ("AECI" or "the Company") AWARD OF SECURITIES TO THE COMPANY'S EXECUTIVE DIRECTORS In compliance with the JSE Limited Listing Requirements, the followinginformation is disclosed: LONG-TERM INCENTIVE PLAN ("LTIP") In terms of the rules of the LTIP, participants were allocated performanceshares in 2012 and 2013. These will convert into AECI ordinary shares and willvest after three years, subject to the performance conditions attached to eachallocation being met. The performance shares were issued at the grant price asindicated and were accepted off-market on 20 November 2013 by the Company'sExecutive Directors as follows: 2012 Executive Director No. of performance shares Grant price Value MA Dytor 11 230 R79,18 R889 176,60 KM Kathan 17 112 R79,18 R1 354 962,71 2013 Executive Director No. of performance shares Grant price Value MA Dytor 28 232 R109,37 R3 087 733,84 KM Kathan 26 197 R109,37 R2 865165,89 Clearance has been obtained by both the above-mentioned Executive Directors forthe acceptance of the awards. All interests are direct beneficial. Woodmead, Sandton21 November 2013
Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)