30 Jun 2017 14:00
AECI Limited - Director/PDMR ShareholdingAECI Limited - Director/PDMR Shareholding
PR Newswire
London, June 30
AECI LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1924/002590/06)
Share code AFE ISIN: ZAE000000220
(“AECI” or “the Company”)
DEALINGS IN SECURITIES ON BEHALF OF THE AECI LONG-TERM INCENTIVE PLAN (THE “LTIP”)
In compliance with the JSE Limited Listings Requirements , shareholders are advised that AECI had entered into an agreement with Avior Capital Markets Proprietary Limited, an independent third party broking firm (“Avior”) 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 vested on 30 June 2017, in a non-dilutive manner in accordance with the rules of the LTIP.
The following information is disclosed in compliance with the JSE Limited Listings Requirements:
| Name of share scheme: | The LTIP | |||
| Company: | AECI | |||
| Nature of transaction: | On-market purchase of Shares by Avior on behalf of the LTIP to settle the obligations to the LTIP participants | |||
| Class of securities: | Ordinary shares | |||
| Date of transaction: | 26 June 2017 | 27 June 2017 | 28 June 2017 | 29 June 2017 |
| Number of securities: | 10 953 | 21 664 | 112 208 | 259 762 |
| Volume weighted average purchase price per security | 10 706,72 cents | 10 823,04 cents | 10 848,87 cents | 10 843,03 cents |
| Highest purchase price per security: | 10 787,00 cents | 10 907,00 cents | 10 925,00 cents | 11 010,00 cents |
| Lowest purchase price per security: | 10 589,00 cents | 10 700,00 cents | 10 680,00 cents | 10 687,00 cents |
| Total value of transaction: | R1 174 938,06 | R2 346 062,80 | R12 184 943,87 | R28 285 110,12 |
| Extent of interest: | Indirect non-beneficial (purchased by Avior via its proprietary trading account) | |||
| Clearance to deal obtained: | Yes, previously obtained at date of acceptance of award | |||
The Company also advises shareholders of the following awards under the LTIP in respect of the Directors and the Group Company Secretary that vested on 30 June 2017:
| Name | Position | Number of Shares |
| Mark Dytor | Chief Executive | 32 321 |
| Mark Kathan | Chief Financial Officer | 24 703 |
| Nomini Rapoo | Group Company Secretary | 6 491 |
| Edwin Ludick | Director of AEL Mining Solutions Limited, a major subsidiary | 10 951 |
Woodmead, Sandton
30 June 2017
Sponsor:
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Aeci 5 1/2% Prf (87FZ)