AECI Limited - Acceptance of LTIP awards

AECI Limited - Acceptance of LTIP awards
PR Newswire
(Registration number: 1924/002590/06)
Share code: AFE ISIN: ZAE000000220
Hybrid code: AFEP ISIN: ZAE000000238
Bond company code: AECI
(AECI or the Company)
DEALINGS IN SECURITIES BY DIRECTORS, A DIRECTOR OF A MAJOR SUBSIDIARY, THE ACTING 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 15 April 2021, 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 30 April 2021 as follows:

Related Keywords

South Africa ,Sandton ,Gauteng ,Strydom ,Free State ,London ,City Of ,United Kingdom ,Republic Of South Africa , ,Rand Merchant Bank ,Listings Requirements ,Group Company ,Firstrand Bank ,Long Term Incentive Plan ,Debt Listings Requirements ,Financial Officer ,Group Company Secretary ,Debt Sponsor ,Firstrand Bank Limited ,Naeci ,Imited ,Acceptance ,Tip ,Awards ,கௌஊட்டெங் ,இலவசம் நிலை ,லண்டன் ,நகரம் ஆஃப் ,ஒன்றுபட்டது கிஂக்டம் ,ரேண்ட் வணிகர் வங்கி ,பட்டியல்கள் தேவைகள் ,குழு நிறுவனம் ,நீண்டது கால ஊக்கத்தொகை திட்டம் ,கடன் பட்டியல்கள் தேவைகள் ,நிதி அதிகாரி ,குழு நிறுவனம் செயலாளர் ,கடன் ஸ்பான்சர் ,ஏசிஐ ,முனை ,வார்டுகள் ,