Enhanced Investments - Financial Portal

Dealings by Directors

Published: 2022-05-24 12:30:38 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:

1.
 NAME OF DIRECTOR                              Andries van Heerden

 COMPANY OF WHICH A DIRECTOR                   Afrimat Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE               Executive

 TYPE AND CLASS OF SECURITIES                  Options/rights to acquire ordinary shares

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

 EXERCISE DATE                                 23 May 2022

 STRIKE PRICE (30-DAY VWAP)                    R64.41

 NUMBER OF OPTIONS/RIGHTS                      188 496
 EXERCISED AND SHARES RECEIVED

 TOTAL RAND VALUE                              R12 141 027.36

 STRIKE DATE                                   21 May 2022

 PERIOD OF EXERCISE                            4 years from strike date

 NATURE AND EXTENT OF INTEREST IN              Direct, beneficial
 THE TRANSACTION


2.
 NAME OF DIRECTOR                              Pieter GS de Wit

 COMPANY OF WHICH A DIRECTOR                   Afrimat Limited
STATUS: EXECUTIVE/NON-EXECUTIVE    Executive

TYPE AND CLASS OF SECURITIES       Options/rights to acquire ordinary shares

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

EXERCISE DATE                      23 May 2022


STRIKE PRICE (30-DAY VWAP)         R64.41

NUMBER OF OPTIONS/RIGHTS           81 239
EXERCISED AND SHARES RECEIVED

TOTAL RAND VALUE                   R5 232 603.99

STRIKE DATE                        21 May 2022

PERIOD OF EXERCISE                 4 years from the strike date

NATURE AND EXTENT OF INTEREST IN   Direct, beneficial
THE TRANSACTION


3.
 NAME OF DIRECTOR                  Collin Ramukhubathi

COMPANY OF WHICH A DIRECTOR        Afrimat Limited

STATUS: EXECUTIVE/NON-EXECUTIVE    Executive

TYPE AND CLASS OF SECURITIES       Options/rights to acquire ordinary shares

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

EXERCISE DATE                      23 May 2022

STRIKE PRICE (30-DAY VWAP)         R64.41

NUMBER OF OPTIONS/RIGHTS           42 478
EXERCISED AND SHARES RECEIVED

TOTAL RAND VALUE                   R2 736 007.98

STRIKE DATE                        21 May 2022

PERIOD OF EXERCISE                 4 years from the strike date
 NATURE AND EXTENT OF INTEREST IN               Direct, beneficial
 THE TRANSACTION


4.
 NAME OF DIRECTOR                               Marthinus G Odendaal

 COMPANY OF WHICH A DIRECTOR                    Afrimat Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                Executive

 TYPE AND CLASS OF SECURITIES                   Options/rights to acquire ordinary shares

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

 EXERCISE DATE                                  23 May 2022

 STRIKE PRICE (30-DAY VWAP)                     R64.41

 NUMBER OF OPTIONS/RIGHTS                       47 788
 EXERCISED AND SHARES RECEIVED

 TOTAL RAND VALUE                               R3 078 025.08

 STRIKE DATE                                    21 May 2022

 PERIOD OF EXERCISE                             4 years from the strike 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.


DEALINGS IN SHARES BY DIRECTORS

1.
 NAME OF DIRECTOR                               Andries van Heerden

 COMPANY OF WHICH A DIRECTOR                    Afrimat Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                Executive

 TYPE AND CLASS OF SECURITIES                   Ordinary shares
NATURE OF TRANSACTION              Disposal of shares to settle tax liability
                                   relating to vested options/rights in the
                                   Afrimat Share Appreciation Rights
                                   scheme (Off-market transaction)

DATE OF TRANSACTION                23 May 2022

PRICE PER SECURITY (30-DAY VWAP)   R64.41

NUMBER OF SECURITIES TRANSACTED    84 823

TOTAL RAND VALUE OF SECURITIES     R5 463 449.43
TRANSACTED

NATURE AND EXTENT OF INTEREST IN   Direct, beneficial
THE TRANSACTION


2.
 NAME OF DIRECTOR                  Pieter GS de Wit

COMPANY OF WHICH A DIRECTOR        Afrimat Limited

STATUS: EXECUTIVE/NON-EXECUTIVE    Executive

TYPE AND CLASS OF SECURITIES       Ordinary shares

NATURE OF TRANSACTION              Disposal of shares to settle tax liability
                                   relating to vested options/rights in the
                                   Afrimat Share Appreciation Rights
                                   scheme (Off-market transaction)

DATE OF TRANSACTION                23 May 2022

PRICE PER SECURITY (30-DAY VWAP)   R64.41

NUMBER OF SECURITIES TRANSACTED    36 558

TOTAL RAND VALUE OF SECURITIES     R2 354 700.78
TRANSACTED

NATURE AND EXTENT OF INTEREST IN   Direct, beneficial
THE TRANSACTION


3.
 NAME OF DIRECTOR                  Collin Ramukhubathi

COMPANY OF WHICH A DIRECTOR        Afrimat Limited

STATUS: EXECUTIVE/NON-EXECUTIVE    Executive

TYPE AND CLASS OF SECURITIES       Ordinary shares
 NATURE OF TRANSACTION                          Disposal of shares to settle tax liability
                                                relating to vested options/rights in the
                                                Afrimat Share Appreciation Rights
                                                scheme (Off-market transaction)

 DATE OF TRANSACTION                            23 May 2022

 PRICE PER SECURITY (30-DAY VWAP)               R64.41

 NUMBER OF SECURITIES TRANSACTED                19 115

 TOTAL RAND VALUE OF SECURITIES                 R1 231 197.15
 TRANSACTED

 NATURE AND EXTENT OF INTEREST IN               Direct, beneficial
 THE TRANSACTION


4.
 NAME OF DIRECTOR                               Marthinus G Odendaal

 COMPANY OF WHICH A DIRECTOR                    Afrimat Limited

 STATUS: EXECUTIVE/NON-EXECUTIVE                Executive

 TYPE AND CLASS OF SECURITIES                   Ordinary shares

 NATURE OF TRANSACTION                          Disposal of shares to settle tax liability
                                                relating to vested options/rights in the
                                                Afrimat Share Appreciation Rights
                                                scheme (Off-market transaction)

 DATE OF TRANSACTION                            23 May 2022

 PRICE PER SECURITY (30-DAY VWAP)               R64.41

 NUMBER OF SECURITIES TRANSACTED                21 504

 TOTAL RAND VALUE OF SECURITIES                 R1 385 072.64
 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
24 May 2022

Sponsor
PSG Capital

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.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
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.