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Dealings in securities by directors, a director of a major subsidiary, prescribed officers and group company

Published: 2023-06-13 14:55:32 ET
<<<  go to JSE:ADH company page
ADvTECH Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001119/06)
Share code: ADH           ISIN: ZAE000031035
(“ADvTECH” or “the Company”)


DEALINGS IN SECURITIES BY DIRECTORS, A DIRECTOR OF A MAJOR SUBSIDIARY,
PRESCRIBED OFFICERS AND GROUP COMPANY SECRETARY


In terms of paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements (“JSE Listings
Requirements”), the following transactions, in respect of which prior written approval pursuant to
paragraph 3.66 of the JSE Listings Requirements have been obtained, is hereby disclosed.


 Name of Director:                                RJ Douglas

 Designation:                                     Chief Executive Officer

 Nature of transaction:                           Off-Market acceptance of shares by participants
                                                  to be obtained at future vested periods in terms
                                                  of the ADvTECH Limited Management Share
                                                  Incentive Scheme (MSI).
 Number of securities:                            377 895

 Date of Award                                    23 May 2023

 Class of securities:                             Ordinary

 Price of share:                                  R18.00

 Total value of transaction:                      R6 802 110.00

 Date of transaction:                             13 June 2023

 Nature of interest:                              Direct beneficial



 Name of Director:                                JDR Oesch
 Designation:                                     Group Commercial Director

 Nature of transaction:                           Off-Market acceptance of shares by participants
                                                  to be obtained at future vested periods in terms
                                                  of the ADvTECH Limited Management Share
                                                  Incentive Scheme (MSI).
 Number of securities:                            227 392

 Date of Award                                    23 May 2023

 Class of securities:                             Ordinary
Price of share:               R18.00

Total value of transaction:   R4 093 056.00

Date of transaction:          13 June 2023

Nature of interest:           Direct beneficial



Name of Officer:              DL Honey

Designation:                  Prescribed Officer

Nature of transaction:        Off-Market acceptance of shares by participants
                              to be obtained at future vested periods in terms
                              of the ADvTECH Limited Management Share
                              Incentive Scheme (MSI).
Number of securities:         184 359

Date of Award                 23 May 2023

Class of securities:          Ordinary

Price of share:               R18.00

Total value of transaction:   R3 318 462.00

Date of transaction:          13 June 2023

Nature of interest:           Direct beneficial



Name of Officer:              MD Aitken

Designation:                  Prescribed Officer

Nature of transaction:        Off-Market acceptance of shares by participants
                              to be obtained at future vested periods in terms
                              of the ADvTECH Limited Management Share
                              Incentive Scheme (MSI).
Number of securities:         155 344

Date of Award                 23 May 2023

Class of securities:          Ordinary

Price of share:               R18.00

Total value of transaction:   R2 796 192.00

Date of transaction:          13 June 2023

Nature of interest:           Direct beneficial
Name of Officer:              L Wiseman
Designation:                  Prescribed Officer
Nature of transaction:        Off-Market acceptance of shares by participants
                              to be obtained at future vested periods in terms
                              of the ADvTECH Limited Management Share
                              Incentive Scheme (MSI).
Number of securities:         112 348

Date of Award                 23 May 2023

Class of securities:          Ordinary

Price of share:               R18.00

Total value of transaction:   R2 022 264.00

Date of transaction:          13 June 2023

Nature of interest:           Direct beneficial



Name of Officer:              SCD Lurie

Designation:                  The Independent Institute of Education (Pty) Ltd
                              (a director of a major subsidiary of ADvTECH)
Nature of transaction:        Off-Market acceptance of shares by participants
                              to be obtained at future vested periods in terms
                              of the ADvTECH Limited Management Share
                              Incentive Scheme (MSI).
Number of securities:         72 208

Date of Award                 23 May 2023

Class of securities:          Ordinary

Price of share:               R18.00

Total value of transaction:   R1 299 744.00

Date of transaction:          13 June 2023

Nature of interest:           Direct beneficial



Name of Officer:              CB Crouse

Designation:                  Group Company Secretary
Nature of transaction:        Off-Market acceptance of shares by participants
                              to be obtained at future vested periods in terms
                                                   of the ADvTECH Limited Management Share
                                                   Incentive Scheme (MSI).
 Number of securities:                             33 390

 Date of Award                                     23 May 2023

 Class of securities:                              Ordinary

 Price of share:                                   R18.00

 Total value of transaction:                       R 601 020.00

 Date of transaction:                              13 June 2023

 Nature of interest:                               Direct beneficial



The date of vesting is 23 May 2026.




13 June 2023
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited