30 Mar 2022 09:36
AECI Limited - Dealings in Securities re LTIPAECI Limited - Dealings in Securities re LTIP
PR Newswire
London, March 30
AECI LIMITEDIncorporated in the Republic of South Africa(Registration number: 1924/002590/06)Share code: AFE ISIN: ZAE000000220Hybrid code: AFEP ISIN: ZAE000000238Bond company code: AECILEI: 3789008641F1D3D90E85(AECI)
DEALINGS IN SECURITIES ON BEHALF OF THE AECI LONG-TERM INCENTIVE PLAN (THE LTIP)
In compliance with the JSE Limited Listings Requirements and Debt Listings Requirements, shareholders and noteholders are advised that AECI had entered into an agreement with Investec Bank Limited (Investec), an independent third party broking firm, 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 will vest on 14 April 2022, 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 Investec on behalf of the LTIP to settle the obligations to the LTIP participants
Class of securities: Ordinary shares
Extent of interest: Indirect non-beneficial (purchased by Investec acting as agent on behalf of the AECI LTIP vesting account)
Clearance to deal obtained: Yes
| Date of transaction | No. of shares acquired | VWAP | Price High | Price Low | Value of transaction |
| 24 March 2022 | 14 816 | R113,331203 | R113,5900 | R112,7800 | R1 679 115,00 |
| 25 March 2022 | 11 357 | R115,228179 | R115,3100 | R114,6300 | R1 308 646,00 |
| 28 March 2022 | 14 925 | R113,644885 | R116,0000 | R112,3400 | R1 696 150,00 |
| 29 March 2022 | 182 314 | R113,226322 | R114,3700 | R112,0100 | R20 642 744,00 |
Woodmead, Sandton
30 March 2022
Equity and Debt Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)
Aeci 5 1/2% Prf (87FZ)