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AFROCENTRIC INVESTMENT CORPORATION LIMITED - Dealing in securities by director of major subsidiary

Release Date: 09/12/2020 10:30
Code(s): ACT     PDF:  
Wrap Text
Dealing in securities by director of major subsidiary

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

Dealings in securities by a Director of a major subsidiary of AfroCentric relating to vesting of
shares under the LTIP

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
Company hereby discloses the following trades by a Director of AfroCentric Health (RF)
Proprietary Limited (“AHL”) being 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 first tranche (being 1/3rd of Share Awards after the expiry of Retention Period
i.e. in year 3 (three) after Award Date). The price per share, for purposes of determining the
market value, is the 30 day VWAP price per AfroCentric share on 30 October 2020 being 357
cent per share:

 Name of director:                               Modjadji Ethel Tati

 Designation:                                    Executive Director of AHL, a major
                                                 subsidiary of the Company

 Date of transaction:                            8 December 2020

 Nature of transaction:                          Acceptance of Share Awards in terms of
                                                 the Company’s LTIP

 Class of security:                              Ordinary shares

 Number of securities:                           50 000

 Price per security:                             357 cents per share

 Value of transaction:                           R178 500.00

 Nature of interest:                             Direct Beneficial

 Clearance obtained:                             Yes

9 December 2020

Sasfin Capital (a member of the Sasfin group)

Date: 09-12-2020 10:30:00
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