30 Sep 2015 07:45
AECI LTD - Dealing in SecuritiesAECI LTD - Dealing in Securities
PR Newswire
London, September 30
AECI LIMITEDIncorporated in the Republic of South Africa(Registration No. 1924/002590/06)Share code: AFE ISIN No. ZAE000000220
(“AECI” or “the Company”)
Dealing in securities
In compliance with the JSE Limited Listings Requirements, shareholders are advised of the following dealings in AECI’s securities by a third party intermediary (“the intermediary”).
A hedging transaction was entered into with the intermediary to enable the Company to settle its future obligation to employees participating in the Long-term Incentive Plan (“the Plan”) approved by shareholders in 2012. In terms of the rules of the Plan, the shares are due for delivery to participating employees on 20 November 2015 (“delivery date”). On this date the shares held by the intermediary will be made available by this intermediary to participating employees, in settlement of their entitlements in terms of the Plan.
Settlement by the Company of the total value of the transaction (being R96 101 920,51) will be effected in two equal tranches, the first of which was paid upon completion of the share purchases by the intermediary and the second will be paid on the delivery date.
| Name | AECI Limited | |||
| Nature of transaction | On-market purchase of shares | |||
| Class of securities | Ordinary shares | |||
| Details of transaction by intermediary | ||||
| Date | No. of shares | VWAP(Cents) | Maximum price (Cents) | Minimum price (Cents) |
| 23 June 2015 | 138 436 | 11328,65 | 11400,00 | 11200,00 |
| 24 June 2015 | 13 44425 927 | 11285,7511121,25 | 11415,0011307,00 | 11159,0011034,00 |
| 25 June 2015 | 64 453 | 11389,82 | 11478,00 | 11235,00 |
| 26 June 2015 | 23 760 | 11268,40 | 11400,00 | 11171,00 |
| 29 June 2015 | 74 927 | 11097,41 | 11100,00 | 11091,00 |
| 30 June 2015 | 37 450 | 11189,23 | 11500,00 | 11090,00 |
| 1 July 2015 | 46 832 | 11510,83 | 11600,00 | 11401,00 |
| 2 July 2015 | 34 503 | 11373,18 | 11455,00 | 11262,00 |
| 3 July 2015 | 17 805 | 11792,53 | 11915,00 | 11556,00 |
| 6 July 2015 | 24 589 | 11729,93 | 11900,00 | 11602,00 |
| 7 July 2015 | 279 771 | 11963,90 | 11990,00 | 11801,00 |
| 8 July 2015 | 48 103 | 11900,00 | 11900,00 | 11900,00 |
| Total number of shares purchased | 830 000 | |||
| Total value of transaction | R96 101 920,51 | |||
| Nature of interest | Direct beneficial | |||
| Clearance obtained | Yes | |||
Woodmead, Sandton
30 September 2015
Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Aeci 5 1/2% Prf (87FZ)