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AFRIMAT LIMITED – Acceptance Of Awards By Directors In Terms Of The Forfeitable Share Plan

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Acceptance Of Awards By Directors In Terms Of The Forfeitable Share Plan

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 AWARDS BY DIRECTORS IN TERMS OF THE FORFEITABLE SHARE PLAN (‘FSP’)

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

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 Off-market acceptance of awards in terms
of the FSP
DATE OF ACCEPTANCE OF AWARDS 23 February 2021
DEEMED VALUE PER SHARE (CENTS) 4 390
NUMBER OF AWARDS ACCEPTED 95 000
TOTAL DEEMED RAND VALUE OF R4 170 500
AWARDS
AWARD DATE 17 February 2021
VESTING DATE OF AWARDS 17 February 2024
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION

2.
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 Off-market acceptance of awards in terms
of the FSP
DATE OF ACCEPTANCE OF AWARDS 23 February 2021
DEEMED VALUE PER SHARE (CENTS) 4 390
NUMBER OF AWARDS ACCEPTED 62 500
TOTAL DEEMED RAND VALUE OF R2 743 750
AWARDS
AWARD DATE 17 February 2021
VESTING DATE OF AWARDS 17 February 2024
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION

3.
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 Off-market acceptance of awards in terms
of the FSP
DATE OF ACCEPTANCE OF AWARDS 23 February 2021
DEEMED VALUE PER SHARE (CENTS) 4 390
NUMBER OF AWARDS ACCEPTED 62 500
TOTAL DEEMED RAND VALUE OF R2 743 750
AWARDS
AWARD DATE 17 February 2021
VESTING DATE OF AWARDS 17 February 2024
NATURE AND EXTENT OF INTEREST IN Direct, beneficial
THE TRANSACTION

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

Cape Town
23 February 2021

Sponsor
PSG Capital

Date: 23-02-2021 04:00:00
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