Enhanced Investments - Financial Portal

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

Published: 2022-08-02 11:01:10 ET

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, DIRECTOR OF MAJOR SUBSIDIARY, 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 14 April 2022, 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 1
August 2022 as follows:
Name                Position and company              No. of shares        Grant price           Value

MA Dytor            Chief Executive, AECI             69 294               R114.60               R7 941 092.40

A Takoordeen        Chief Financial Officer, AECI     46 294               R114.60               R5 305 292.40

KM Kathan           Director of AECI Mining Limited,
                                                     46 161                R114.60               R5 290 050.60
                    a major subsidiary of AECI

C Singh             Group Company Secretary, AECI 22 682                   R114.60               R2 599 357.20

DJ Mulqueeny        Prescribed Officer, AECI          27 112               R114.60               R3 107 035.20

DK Murray           Prescribed Officer, AECI          27 112               R114.60               R3 107 035.20


Clearance has been obtained by all the above-mentioned recipients for the acceptance of their awards. All interests
are direct beneficial.
Woodmead, Sandton
2 August 2022
Equity and Debt Sponsor: Rand Merchant Bank (A division of FirstRand Bank Limited)

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

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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.
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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.