28 Jul 2016 13:39
AECI LTD - Director/PDMR ShareholdingAECI LTD - Director/PDMR Shareholding
PR Newswire
London, July 28
AECI LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1924/002590/06)
Share code: AFE ISIN: ZAE000000220
(“AECI”)
DEALINGS IN SECURITIES BY DIRECTORS, THE GROUP COMPANY SECRETARY AND DIRECTORS OF A MAJOR SUBSIDIARY
In compliance with the JSE Limited Listings Requirements, shareholders are advised of the following dealings in AECI’s securities relating to Performance Shares that vested on 28 June 2016 in terms of the 2012 AECI Long-Term Incentive Plan (“LTIP”):
| Name: | Mark Dytor | ||
| Position and company: | Chief Executive, AECI | ||
| Class of securities: | Ordinary shares | ||
| Nature of transaction: | On-market disposal of ordinary shares to settle the tax obligations arising from the LTIP | ||
| Date of transaction: | 27 July 2016 | ||
| Number of securities: | 10 417 | ||
| Price per security: | 9 311,50 cents | ||
| Total value of transaction: | R969 978,96 | ||
| Nature of interest: | Direct beneficial | ||
| Clearance to deal obtained: | Yes | ||
| Name: | Mark Kathan | ||
| Position and company: | Chief Financial Officer, AECI | ||
| Class of securities: | Ordinary shares | ||
| Nature of transaction: | On-market disposal of ordinary shares to settle the tax obligations arising from the LTIP | ||
| Date of transaction: | 27 July 2016 | ||
| Number of securities: | 9 666 | ||
| Price per security: | 9 311,50 cents | ||
| Total value of transaction: | R900 049,59 | ||
| Nature of interest: | Direct beneficial | ||
| Clearance to deal obtained: | Yes | ||
| Name: | Nomini Rapoo | ||
| Position and company: | Group Company Secretary, AECI | ||
| Class of securities: | Ordinary shares | ||
| Nature of transaction: | On-market disposal of ordinary shares to settle the tax obligations arising from the LTIP | ||
| Date of transaction: | 27 July 2016 | ||
| Number of securities: | 1 545 | ||
| Price per security: | 9 311,50 cents | ||
| Total value of transaction: | R143 862,68 | ||
| Nature of interest: | Direct beneficial | ||
| Clearance to deal obtained: | Yes | ||
| Name: | Edwin Ludick | ||
| Position and company: | Director of AEL Holdco Limited, a major subsidiary of AECI | ||
| Class of securities: | Ordinary shares | ||
| Nature of transaction: | On-market disposal of ordinary shares to settle the tax obligations arising from the LTIP | ||
| Date of transaction: | 27 July 2016 | ||
| Number of securities: | 2 204 | ||
| Price per security: | 9 311,50 cents | ||
| Total value of transaction: | R205 225,46 | ||
| Nature of interest: | Direct beneficial | ||
| Clearance to deal obtained: | Yes | ||
| Name: | Wayne Du Chenne | ||
| Position and company: | Director of AEL Holdco Limited, a major subsidiary of AECI | ||
| Class of securities: | Ordinary shares | ||
| Nature of transaction: | On-market disposal of ordinary shares | ||
| Date of transaction: | 27 July 2016 | ||
| Number of securities: | 3 116 | ||
| Price per security: | 9 311,50 cents | ||
| Total value of transaction: | R290 146,34 | ||
| Nature of interest: | Direct beneficial | ||
| Clearance to deal obtained: | Yes | ||
Woodmead, Sandton
28 July 2016
Sponsor:
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Aeci 5 1/2% Prf (87FZ)