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AECI Limited (87FZ)

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Friday 30 June, 2017

AECI Limited

Director/PDMR Shareholding


(Incorporated in the Republic of South Africa)

(Registration Number: 1924/002590/06)

Share code AFE   ISIN: ZAE000000220

(“AECI” or “the Company”)


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


RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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