Company Announcements

AECI LIMITED

Incorporated in the Republic of South Africa

(Registration number: 1924/002590/06)

Share code: AFE    ISIN: ZAE000000220

Hybrid code: AFEP    ISIN: ZAE000000238

Bond company code:   AECI

LEI: 3789008641F1D3D90E85

(AECI or the Company)

 

DEALINGS IN SECURITIES BY DIRECTORS, THE GROUP COMPANY SECRETARY AND PRESCRIBED OFFICERS

Acceptance of awards of performance shares:   Long-term Incentive Plan (LTIP)

In compliance with the JSE Limited Listings Requirements and Debt Listings Requirements, the following information is disclosed:

In terms of the standard rules of the Company’s LTIP, participants have been allocated a new award of performance shares in line with an annual process.   These will convert into AECI ordinary shares and will vest three years after the grant date of 12 April 2024, subject to the performance conditions attached to each allocation being met.   The performance shares were issued at the grant price as indicated below and were accepted off-market on 25 April 2024 as follows:

Name            Position and company  No. of shares Grant price Value

H Riemensperger Chief Executive, AECI 120,323       R93.2500    R11,220,119.75

R Gabriels      Chief Financial       69,668        R93.2500    R6,496,541.00
                Officer, AECI

C Singh         Group Company         31,758        R93.2500    R2,961,433.50
                Secretary, AECI

DK Murray       Prescribed Officer,   38,103        R93.2500    R3,553,104.75
                AECI

 

Clearance has been obtained from the Chairman in respect of the above transactions.   All interests are direct beneficial.

Woodmead, Sandton
26 April 2024

Equity and Debt Sponsor:   Rand Merchant Bank (A division of FirstRand Bank Limited)