AFRIMAT LIMITED - Acceptance of shares in terms of (ito) the Afrimat FSP and share appreciation rights ito the SAR Scheme

Acceptance of shares in terms of (“ito”) the Afrimat FSP and share appreciation rights ito the SAR Scheme

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


In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the
following information is disclosed:

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)
                                                Andre Smith           (5)

 COMPANY OF WHICH A DIRECTOR /                  Afrimat Limited (1 – 5)
 PRESCRIBED OFFICER
 
 STATUS: EXECUTIVE/NON-EXECUTIVE                Executive (1 – 5)


 TYPE AND CLASS OF SECURITIES                   Ordinary shares (1 – 5)


 NATURE OF TRANSACTION                          Acceptance of award of ordinary shares in
                                                terms of the Afrimat Forfeitable Share Plan
                                                (off-market transaction) (1 – 5)


 DATE OF ACCEPTANCE OF AWARD                    20 May 2024 (1 – 5)


 DATE OF VESTING                                14 May 2027 (1 – 5)
                                                (Subject to the fulfilment of vesting
                                                conditions)
 
 DEEMED PRICE PER SHARE                         R62.46 (1 – 5)
                                                (based on the 30-day volume weighted
                                                average price ("VWAP") on 14 May 2024)


 NUMBER OF SECURITIES ACQUIRED                  80 000 (1)
                                                52 100 (2)
                                                52 100 (3)
                                                52 100 (4)
                                                20 000 (5)


 DEEMED TOTAL RAND VALUE OF                     R 4 996 800 (1)
 SECURITIES TRANSACTED                          R 3 254 166 (2)
                                                R 3 254 166 (3)
                                                R 3 254 166 (4)
                                                R 1 249 200 (5)
                                               (based on the 30-day VWAP on 14 May
                                                2024)

 NATURE AND EXTENT OF INTEREST IN              Direct, beneficial
 THE TRANSACTION


 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)
                                              Andre Smith           (5)
                                              Catharine Burger      (6)

  
 COMPANY OF WHICH A DIRECTOR/                 Afrimat Limited (1 – 6)
 PRESCRIBED OFFICER / COMPANY
 SECRETARY

 STATUS: EXECUTIVE/NON-EXECUTIVE              Executive (1 – 6)


 TYPE AND CLASS OF SECURITIES                 Share Appreciation Rights (1 – 6)
 
 NATURE OF TRANSACTION                        Acceptance of award of share appreciation
                                              rights in terms of the Afrimat Share
                                              Appreciation Right Share Scheme (off-
                                              market transaction) (1 – 6)


 DATE OF ACCEPTANCE OF AWARD                  20 May 2024 (1 – 6)


 DATE OF VESTING                              14 May 2027 (1 – 6)
                                              (Subject to fulfilment of vesting conditions)


 AWARD PRICE PER RIGHT                        R62.46 (1 – 6)
                                              (based on the 30-day VWAP on 14 May
                                              2024)


 NUMBER OF SAR's AWARDED                      260 000 (1)
                                              115 000 (2)
                                              115 000 (3)
                                              115 000 (4)
                                               50 000 (5)
                                               15 000 (6)

 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
21 May 2024

Sponsor
Valeo Capital (Pty) Ltd

Date: 21-05-2024 09:00:00
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