15 Oct 2014 11:00
AECI LTD - Acceptance of awards of Performance SharesAECI LTD - Acceptance of awards of Performance Shares
PR Newswire
London, October 15
AECI Limited (Incorporated in the Republic of South Africa) (Registration number 1924/002590/06) Share Code: AFE ISIN: ZAE000000220 ("AECI" or "the Company") ACCEPTANCE OF AWARDS OF PERFORMANCE SHARES: LONG-TERM INCENTIVE PLAN ("LTIP") In compliance with the JSE Limited Listing Requirements, the followinginformation is disclosed: In terms of the rules of the LTIP, participants were allocated performanceshares in 2014. These will convert into AECI ordinary shares and will vestafter 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 14 October 2014 by the Company'sExecutive Directors as follows: 2014 Executive Director No. of performance shares Grant price Value MA Dytor 17 956 R115,97 R2 082 357,32 KM Kathan 13 724 R115,97 R1 591 572,28 Clearance has been obtained by both the above-mentioned Executive Directors forthe acceptance of the awards. All interests are direct beneficial. Woodmead, Sandton15 October 2014
Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)