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Acceptance of shares and SARs in terms of (“ito”) the Afrimat FSP & SAR Scheme and vesting of shares ito Afrimat FSP
AFRIMAT LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2006/022534/06)
Share code: AFT
ISIN: ZAE000086302
("Afrimat" or "the Company")
ACCEPTANCE OF SHARES IN TERMS OF ("ITO") THE AFRIMAT FORFEITABLE SHARE
PLAN AND SHARE APPRECIATION RIGHTS ITO THE SHARE APPRECIATION RIGHTS
SCHEME AND VESTING OF ORDINARY SHARES BY DIRECTORS IN TERMS OF THE
AFRIMAT FORFEITABLE SHARE PLAN
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information is disclosed:
ACCEPTANCE OF SHARES ITO AFRIMAT FORFEITABLE SHARE PLAN ("FSP")
NAME OF DIRECTOR(S) / PRESCRIBED Andries J van Heerden (1)
OFFICER Collin Ramukhubathi (2)
Marthinus G Odendaal (3)
Pieter GS De Wit (4)
COMPANY OF WHICH A DIRECTOR / Afrimat Limited (1 – 4)
PRESCRIBED OFFICER
STATUS: EXECUTIVE/NON-EXECUTIVE Executive (1 – 4)
TYPE AND CLASS OF SECURITIES Ordinary shares (1 – 4)
NATURE OF TRANSACTION Acceptance of award of ordinary shares in
terms of the Afrimat FSP (off-market
transaction) (1 – 4)
DATE OF ACCEPTANCE OF AWARD 19 May 2025 (1 – 4)
DATE OF VESTING 15 May 2028 (1 – 4)
(Subject to the fulfilment of vesting
conditions)
DEEMED PRICE PER SHARE R 54.42 (1 – 4)
(based on the 30-day volume weighted
average price ("VWAP") on 14 May 2025)
NUMBER OF SECURITIES ACQUIRED 100 000 (1)
60 000 (2)
60 000 (3)
60 000 (4)
DEEMED TOTAL RAND VALUE OF R 5 442 000 (1)
SECURITIES TRANSACTED R 3 265 200 (2)
R 3 265 200 (3)
R 3 265 200 (4)
(based on the 30-day VWAP on 14 May
2025)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
ACCEPTANCE OF SHARE APPRECIATION RIGHTS ITO SHARE APPRECIATION RIGHT
("SAR") SCHEME
NAME OF DIRECTOR(S)/ PRESCRIBED Andries J van Heerden (1)
OFFICER / COMPANY SECRETARY Collin Ramukhubathi (2)
Marthinus G Odendaal (3)
Pieter GS De Wit (4)
Catharine Burger (5)
COMPANY OF WHICH A DIRECTOR/ Afrimat Limited (1 – 5)
PRESCRIBED OFFICER / COMPANY
SECRETARY
STATUS: EXECUTIVE/NON-EXECUTIVE Executive (1 – 5)
TYPE AND CLASS OF SECURITIES Share Appreciation Rights (1 – 5)
NATURE OF TRANSACTION Acceptance of award of share appreciation
rights in terms of the Afrimat SAR Scheme
(off-market transaction) (1 – 5)
DATE OF ACCEPTANCE OF AWARD 19 May 2024 (1 – 5)
DATE OF VESTING 15 May 2028 (1 – 5)
(Subject to fulfilment of vesting conditions)
AWARD PRICE PER RIGHT R 54.42 (1 – 5)
(based on the 30-day VWAP on 14 May
2025)
NUMBER OF SAR's AWARDED 260 000 (1)
115 000 (2)
115 000 (3)
115 000 (4)
15 000 (5)
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
VESTING OF ORDINARY SHARES ITO AFRIMAT FSP
1.
NAME OF DIRECTOR Andries J van Heerden
COMPANY OF WHICH A DIRECTOR Afrimat Limited
STATUS: EXECUTIVE/NON-EXECUTIVE Executive
TYPE AND CLASS OF SECURITIES Ordinary shares
NATURE OF TRANSACTION Acquisition of ordinary shares through the
vesting of awards in terms of the Afrimat FSP
(off-market transaction)
DATE OF AWARD 19 May 2022
DATE OF VESTING 18 May 2025
DATE OF TRANSACTION 19 May 2025
DEEMED PRICE PER SHARE R54.09
(closing price on 16 May 2025)
NUMBER OF SECURITIES ACQUIRED 39 793
AFTER SETTLEMENT OF TAX
DEEMED TOTAL RAND VALUE OF R 2 152 403
SECURITIES TRANSACTED
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
2.
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 Acquisition of ordinary shares through the
vesting of awards in terms of the Afrimat FSP
(off-market transaction)
DATE OF AWARD 19 May 2022
DATE OF VESTING 18 May 2025
DATE OF TRANSACTION 19 May 2025
DEEMED PRICE PER SHARE R54.09
(closing price on 16 May 2025)
NUMBER OF SECURITIES ACQUIRED 26 180
AFTER SETTLEMENT OF TAX
DEEMED TOTAL RAND VALUE OF R1 416 076
SECURITIES TRANSACTED
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION
3.
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 Acquisition of ordinary shares through the
vesting of awards in terms of the Afrimat FSP
(off-market transaction)
DATE OF AWARD 19 May 2022
DATE OF VESTING 18 May 2025
DATE OF TRANSACTION 19 May 2025
DEEMED PRICE PER SHARE R54.09
(closing price on 16 May 2025)
NUMBER OF SECURITIES ACQUIRED 26 180
AFTER SETTLEMENT OF TAX
DEEMED TOTAL RAND VALUE OF R1 416 076
SECURITIES 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 Acquisition of ordinary shares through the
vesting of awards in terms of the Afrimat FSP
(off-market transaction)
DATE OF AWARD 19 May 2022
DATE OF VESTING 18 May 2025
DATE OF TRANSACTION 19 May 2025
DEEMED PRICE PER SHARE R54.09
(closing price on 16 May 2025
NUMBER OF SECURITIES ACQUIRED 26 180
AFTER SETTLEMENT OF TAX
DEEMED TOTAL RAND VALUE OF R1 416 076
SECURITIES 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
19 May 2025
Sponsor
Valeo Capital (Pty) Ltd
Date: 19-05-2025 05:00:00
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