Afrocentric Investment Corp (JSE:ACT) News - Dealings by an associate and dealing in LTIP scheme by Company Secretary

AfroCentric Investment Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1988/000570/06)
JSE Code: ACT ISIN: ZAE000078416
(“the Company" or “AfroCentric”)



    •   DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR
    •   DEALING IN SECURITIES BY THE COMPANY SECRETARY OF AFROCENTRIC
        RELATING TO VESTING OF SHARES UNDER THE AFROCENTRIC LONG TERM
        INCENTIVE PLAN (“LTIP”)



Dealings in securities by an Associate of a Director:

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the Company
hereby discloses the following trade by a director of the Company and an associate of a director of the
Company:


 Name of associate:                              WAD Holdings Proprietary Limited (“WAD”)

 Name of director:                               Willem Britz

 Designation:                                    Non-Executive Director of AfroCentric

 Relationship of associate to director:          Willem Britz is a shareholder and director of WAD

 Date of transaction:                            22 March 2022         (1)
                                                 23 March 2022         (2)


 Nature of transaction:                          On market purchase of AfroCentric securities

 Class of security:                              Ordinary shares

 Number of securities:                            6 054                (1)
                                                 15 302                (2)


 Price per security (cents):                     470                   (1)
                                                 470                   (2)


 Value of transaction:                           R28 453.80            (1)
                                                 R71 919.40            (2)

 Nature of interest:                             Indirect Beneficial

 Clearance obtained:                             N/A
 Dealing in securities by the Company Secretary of Afrocentric relating the Afrocentric LTIP:

 In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the Company hereby
 discloses the following trade by the Company Secretary of AfroCentric relating to the acceptance of Share
 Awards awarded in terms of the rules of the AfroCentric LTIP and are advised of the following information
 relating to the vesting of Share Awards in respect of the second tranche (being 1/3rd of Share Awards after
 the expiry of the Retention Period i.e. in year 4 (four) after Award Date). The price per share, for purposes of
 determining the market value, is the 30 day VWAP price per AfroCentric shares on 23 March 2022 being 482
 cents per share

 Name of director:                           Billy Mokale
 Designation:                                Company Secretary
 Date of transaction:                        24 March 2022
 Nature of transaction:                      Acceptance of Share Awards in terms of the Company’s
                                             LTIP (second tranche)
 Class of security:                          Ordinary shares
 Number of securities:                       53 334
 Price per security:                         482 cents per share
 Value of transaction:                       R257 069.88
 Nature of interest:                         Direct Beneficial
 Clearance obtained:                         Yes




 Johannesburg
 28 March 2022


JSE Sponsor to AfroCentric




Questco Corporate Advisory Proprietary Limited

Date: 28-03-2022 08:05:00
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