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

PR Newswire

LONDON, United Kingdom, April 26

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 Officer, AECI

69,668

R93.2500

R6,496,541.00

C Singh

Group Company Secretary, AECI

31,758

R93.2500

R2,961,433.50

DK Murray

Prescribed Officer, AECI

38,103

R93.2500

R3,553,104.75

 

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)


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