AFT 201811220001A
Directors dealings
Afrimat Limited
Incorporated in the Republic of South Africa
(Registration number: 2006/022534/06)
Share code: AFT ISIN: ZAE000086302
("Afrimat" or "the Company")
DIRECTORS’ 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
Afrimat’s 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
Director 1 - Purchase
Name of Director: Andries van Heerden (CEO 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: 20 November 2018
Price per share: R28.20
Number of shares: 77 589
Total value: R2 188 010
Nature of interest: Direct beneficial
Director 1 - Sale
Name of Director: Andries van Heerden (CEO 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: 20 November 2018
Price per share: R28.20
Number of shares: 34 915
Total value: R984 603
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
22 November 2018
Sponsor: Bridge Capital Advisors Proprietary Limited
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