JSE Sens

AFRIMAT LIMITED - Director and Company Secretary dealings

08 November 2019 - 13:21 PM
AFT
Director and Company Secretary dealings

Afrimat Limited
Incorporated in the Republic of South Africa
(Registration number: 2006/022534/06)
Share code: AFT ISIN: ZAE000086302
(Afrimat or the Company)


DIRECTOR AND COMPANY SECRETARY DEALINGS


In compliance with paragraphs 3.63  3.74 of the Listings Requirements of the JSE Limited, the
information below is disclosed.


Afrimat Share Appreciation Rights scheme
Afrimats senior management are participants of the Afrimat Share Appreciation Rights scheme grant 10
(grant date 20 May 2015). The earliest vesting date of this grant was 19 May 2018, subject thereto that
minimum profit growth targets were achieved during the three-year vesting period. The minimum growth
targets were exceeded and the participants may now exercise their rights.


Rights exercised
Purchase
Name of Director:                 Pieter GS de Wit (CFO of Afrimat Limited)
Class of securities:              Ordinary shares
Nature of transaction:            Receipt of shares as settlement of vested rights in the Afrimat Share
                                  Appreciation Rights scheme (Off market transaction)
Date of transaction:              6 November 2019
Price per share:                  R33.81
Number of shares:                 29 370
Total value:                      R993 000
Nature of interest:               Direct beneficial


Sale
Name of Director:                 Pieter GS de Wit (CFO of Afrimat Limited)
Class of securities:              Ordinary shares
Nature of transaction:            Disposal of shares to settle tax liability relating to vested rights in the
                                  Afrimat Share Appreciation Rights scheme (Off market transaction)
Date of transaction:              6 November 2019
Price per share:                  R33.81
Number of shares:                 13 216
Total value:                  R446 833
Nature of interest:           Direct beneficial


Purchase
Name of Company Secretary: Mariette Swart
Class of securities:          Ordinary shares
Nature of transaction:        Receipt of shares as settlement of vested rights in the Afrimat Share
                              Appreciation Rights scheme (Off market transaction)
Date of transaction:          6 November 2019
Price per share:              R33.81
Number of shares:             12 238
Total value:                  R413 767
Nature of interest:           Direct beneficial


Sale
Name of Company Secretary: Mariette Swart
Class of securities:          Ordinary shares
Nature of transaction:        Disposal of shares to settle tax liability relating to vested rights in the
                              Afrimat Share Appreciation Rights scheme (Off market transaction)
Date of transaction:          6 November 2019
Price per share:              R33.81
Number of shares:             5 356
Total value:                  R181 086
Nature of interest:           Direct beneficial


Afrimats senior management are participants of the Afrimat Share Appreciation Rights scheme grant 11
(grant date 18 May 2016). The earliest vesting date of this grant was 17 May 2019, subject thereto that
minimum profit growth targets were achieved during the three-year vesting period. The minimum growth
targets were exceeded and the participants may now exercise their rights.


Rights exercised
Purchase
Name of Director:             Pieter GS de Wit (CFO of Afrimat Limited)
Class of securities:          Ordinary shares
Nature of transaction:        Receipt of shares as settlement of vested rights in the Afrimat Share
                              Appreciation Rights scheme (Off market transaction)
Date of transaction:          6 November 2019
Price per share:         R33.81
Number of shares:        41 207
Total value:             R1 393 209
Nature of interest:      Direct beneficial


Sale
Name of Director:        Pieter GS de Wit (CFO of Afrimat Limited)
Class of securities:     Ordinary shares
Nature of transaction:   Disposal of shares to settle tax liability relating to vested rights in the
                         Afrimat Share Appreciation Rights scheme (Off market transaction)
Date of transaction:     6 November 2019
Price per share:         R33.81
Number of shares:        18 543
Total value:             R626 939
Nature of interest:      Direct beneficial


Purchase
Name of Director:        Collin Ramukhubathi
Class of securities:     Ordinary shares
Nature of transaction:   Receipt of shares as settlement of vested rights in the Afrimat Share
                         Appreciation Rights scheme (Off market transaction)
Date of transaction:     6 November 2019
Price per share:         R33.81
Number of shares:        17 169
Total value:             R580 484
Nature of interest:      Direct beneficial


Sale
Name of Director:        Collin Ramukhubathi
Class of securities:     Ordinary shares
Nature of transaction:   Disposal of shares to settle tax liability relating to vested rights in the
                         Afrimat Share Appreciation Rights scheme (Off market transaction)
Date of transaction:     6 November 2019
Price per share:         R33.81
Number of shares:        7 726
Total value:             R261 216
Nature of interest:      Direct beneficial
Purchase
Name of Company Secretary: Mariette Swart
Class of securities:           Ordinary shares
Nature of transaction:         Receipt of shares as settlement of vested rights in the Afrimat Share
                               Appreciation Rights scheme (Off market transaction)
Date of transaction:           6 November 2019
Price per share:               R33.81
Number of shares:              6 868
Total value:                   R232 207
Nature of interest:            Direct beneficial


Sale
Name of Company Secretary: Mariette Swart
Class of securities:           Ordinary shares
Nature of transaction:         Disposal of shares to settle tax liability relating to vested rights in the
                               Afrimat Share Appreciation Rights scheme (Off market transaction)
Date of transaction:           6 November 2019
Price per share:               R33.81
Number of shares:              3 006
Total value:                   R101 633
Nature of interest:            Direct beneficial




Clearance to deal was obtained for both transactions in terms of paragraph 3.66 of the Listings
Requirements of the JSE Limited.


By order of the board of directors
Cape Town
8 November 2019


Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 08/11/2019 02:21:00
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