Enhanced Investments - Financial Portal

Dealings by directors

Published: 2023-03-01 18:11:25 ET

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




DEALINGS BY DIRECTORS


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


 NAME OF DIRECTOR                              Marthinus G Odendaal

 COMPANY OF WHICH A DIRECTOR                   Afrimat Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE               Executive

 TYPE AND CLASS OF SECURITIES                  Rights to acquire ordinary shares

 NATURE OF TRANSACTION                         Exercise of share appreciation rights and
                                               receipt of shares in terms of the Afrimat
                                               Share Appreciation Rights scheme (Off-
                                               market transaction)

 AWARD DATE                                    17 May 2017

 VESTING DATE                                  17 May 2020 (3 years from award date)

 AWARD PRICE                                   R29.00

 EXERCISE DATE                                 27 February 2023

 EXERCISE PRICE (VWAP PRECEEDING               R56.47
 THE EXERCISE DATE)

 NUMBER OF RIGHTS EXERCISED                    70 000

 NUMBER OF SHARES RECEIVED (NET OF             18 728
 TAX)

 TOTAL RAND VALUE OF SHARES                    R1 057 570.16
 RECEIVED

 PERIOD OF EXERCISE                            4 years from the vesting date
 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
1 March 2023

Sponsor
Valeo Capital (Pty) Ltd

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

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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.

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
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.