Enhanced Investments - Financial Portal

Vesting of ordinary shares by directors in terms of the Afrimat Forfeitable Share Plan

Published: 2023-02-27 18:10:21 ET

 AFRIMAT LIMITED
 Incorporated in the Republic of South Africa
 (Registration number: 2006/022534/06)
 Share code: AFT
 ISIN: ZAE000086302
 (“Afrimat” or “the Company”)




VESTING OF ORDINARY SHARES BY DIRECTORS IN TERMS OF THE AFRIMAT
FORFEITABLE SHARE PLAN


In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information is disclosed:

 NAME OF DIRECTOR                               Andries J van Heerden

 COMPANY OF WHICH A DIRECTOR                    Afrimat Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                Executive

 TYPE AND CLASS OF SECURITIES                   Ordinary shares

 NATURE OF TRANSACTION                          Acquisition of ordinary shares through the
                                                vesting of awards in terms of the Afrimat
                                                Forfeitable    Share    Plan    (off-market
                                                transaction)

 DATE OF AWARD                                  26 February 2020

 DATE OF VESTING                                27 February 2023

 DATE OF TRANSACTION                            27 February 2023

 DEEMED PRICE PER SHARE                         R56.00
                                                (closing price on 24 February 2023)

 NUMBER OF SECURITIES ACQUIRED                  68 393
 AFTER SETTLEMENT OF TAX

 DEEMED TOTAL RAND VALUE OF                     R3 830 008
 SECURITIES TRANSACTED

 NATURE AND EXTENT OF INTEREST IN               Direct, beneficial
 THE TRANSACTION
Clearance for the above was obtained in terms of paragraph 3.66 of the JSE Limited Listings
Requirements.

Cape Town
27 February 2023

Sponsor
Valeo Capital (Pty) Ltd

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.