News/ Article

SENS

DEALING IN SECURITIES

Wednesday, 30 September 2015
AECI LIMITED
Incorporated in the Republic of South Africa
(Registration No. 1924/002590/06)
Share code: AFE     ISIN No. ZAE000000220
(“AECI” or “the Company”)

Dealing in securities

In compliance with the JSE Limited Listings Requirements, shareholders are advised of the following dealings in AECI’s securities by a third party intermediary (“the intermediary”).

A hedging transaction was entered into with the intermediary to enable the Company to settle its future obligation to employees participating in the Long-term Incentive Plan (“the Plan”) approved by shareholders in 2012.  In terms of the rules of the Plan, the shares are due for delivery to participating employees on 20 November 2015 (“delivery date”).  On this date the shares held by the intermediary will be made available by this intermediary to participating employees, in settlement of their entitlements in terms of the Plan.

Settlement by the Company of the total value of the transaction (being R96 101 920,51) will be effected in two equal tranches, the first of which was paid upon completion of the share purchases by the intermediary and the second will be paid on the delivery date.

Name AECI Limited
Nature of transaction On-market purchase of shares
Class of securities Ordinary shares
Details of transaction by intermediary

Date

No. of shares

VWAP (Cents)

Maximum price (Cents)

Minimum price (Cents)

23 June 2015

138 436

11328,65

11400,00

11200,00

24 June 2015

13 444
25 927

11285,75
11121,25

11415,00
11307,00

11159,00
11034,00

25 June 2015

64 453

11389,82

11478,00

11235,00

26 June 2015

23 760

11268,40

11400,00

11171,00

29 June 2015

74 927

11097,41

11100,00

11091,00

30 June 2015

37 450

11189,23

11500,00

11090,00

1 July 2015

46 832

11510,83

11600,00

11401,00

2 July 2015

34 503

11373,18

11455,00

11262,00

3 July 2015

17 805

11792,53

11915,00

11556,00

6 July 2015

24 589

11729,93

11900,00

11602,00

7 July 2015

279 771

11963,90

11990,00

11801,00

8 July 2015

48 103

11900,00

11900,00

11900,00

Total number of shares purchased 830 000
Total value of transaction R96 101 920,51
Nature of interest Direct beneficial
Clearance obtained Yes

Woodmead, Sandton
30 September 2015

Sponsor:  RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Return to the previous page