AFROCENTRIC INVESTMENT CORPORATION LIMITED 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 Directors of Afrocentric and a Director of a major subsidiary of AfroCentric relating to vesting of shares under the AfroCentric Long Term Incentive Plan ("LTIP")
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the Company hereby discloses the following trades by Directors and a Director of a Major Subsidiary of AfroCentric relating to the acceptance of Share Awards awarded in terms of the rules of the AfroCentric Long Term Incentive Plan ("LTIP") and are advised of the following information relating to the vesting of Share Awards in respect of the final tranches (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 25 April 2022 being 490 cents per share:
Name of director: | Johannes Willem Boonzaaier |
Designation: | Executive Director of AfroCentric |
Date of transaction: | 26 April 2022 |
Nature of transaction: | Acceptance of Share Awards in terms of the Company's |
LTIP (final tranche) | |
Class of security: | Ordinary shares |
Number of securities: | 400 000 |
Price per security: | 490 cents per share |
Value of transaction: | R1 960 000.00 |
Nature of interest: | Direct Beneficial |
Clearance obtained: | Yes |
Name of director: | Aklaaq Ahmed Mahmood |
Designation: | Executive Director of Medscheme, a major subsidiary of |
the Company | |
Date of transaction: | 26 April 2022 |
Nature of transaction: | Acceptance of Share Awards in terms of the Company's |
LTIP (final tranche) | |
Class of security: | Ordinary shares |
Number of securities: | 250 000 |
Price per security: | 490 cents per share |
Value of transaction: | R1 225 000.00 |
Nature of interest: | Direct Beneficial |
Clearance obtained: | Yes |
Name of director: | David Radikgomo Mokale |
Designation: | Company Secretary of AfroCentric |
Date of transaction: | 26 April 2022 |
Nature of transaction: | Acceptance of Share Awards in terms of the Company's |
LTIP (final tranche) | |
Class of security: | Ordinary shares |
Number of securities: | 150 000 |
Price per security: | 490 cents per share |
Value of transaction: | R735 000.00 |
Nature of interest: | Direct Beneficial |
Clearance obtained: | Yes |
Johannesburg | |
28 April 2022 | |
JSE Sponsor to AfroCentric |
Questco Corporate Advisory Proprietary Limited
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Afrocentric Investment Corporation Ltd. published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 14:42:05 UTC.
