AFRIMAT LIMITED - AFT : Allocation of forfeitable shares
AFT : Allocation of forfeitable shares:
Afrimat Limited
Incorporated in the Republic of South Africa
(Registration number: 2006/022534/06)
Share code: AFT ISIN: ZAE000086302
("Afrimat" or "the Company")
ALLOCATION OF FORFEITABLE SHARES
In compliance with paragraphs 3.63 of the Listings Requirements of the JSE Limited, the following
award of forfeitable shares in terms of the company's Forfeitable Share Plan ( FSP') should be noted:
Name of Director: Andries J van Heerden
Designation: Chief Executive Officer ( CEO')
Number of forfeitable shares awarded: 124 350
Price at which shares were awarded (Award date): R29.30
Value: R3 643 455
Date award approved: Approved by the board of directors on
19 February 2020
Effective date of award: 26 February 2020
Acceptance of award: 26 February 2020
Vesting: 26 February 2023
Nature of type of transaction: Direct beneficial off-market
Clearance obtained: Yes
The CEO's overall performance qualifies him for the allocation of forfeitable shares in terms of the
company's FSP.
The restricted share award vests after a period of three years. The award will be forfeited if the
participant leaves employment during the restricted period (except if the participant is a good leaver'
under the scheme rules). Participants earn dividends on shares awarded under the FSP.
By order of the board of directors
Cape Town
26 February 2020
Sponsor: Bridge Capital Advisors Proprietary Limited
Date: 26-02-2020 10:31:00
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