ADvTECH Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001119/06)
Share code: ADH ISIN: ZAE000031035
(“ADvTECH” or “the Company”)
DEALINGS IN SECURITIES BY DIRECTORS, A DIRECTOR OF A MAJOR SUBSIDIARY, PRESCRIBED OFFICERS AND GROUP COMPANY SECRETARY
In terms of paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements (“JSE Listings Requirements”), the following transactions, in respect of which prior written approval pursuant to paragraph 3.66 of the JSE Listings Requirements have been obtained, is hereby disclosed.
Name of Director: | RJ Douglas |
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Designation: | Chief Executive Officer |
Nature of transaction: | Off-Market acceptance of shares by participants to be obtained at future vested periods in terms of the ADvTECH Limited Management Share Incentive Scheme (MSI). |
Number of securities: | 377 895 |
Date of Award | 23 May 2023 |
Class of securities: | Ordinary |
Price of share: | R18.00 |
Total value of transaction: | R6 802 110.00 |
Date of transaction: | 13 June 2023 |
Nature of interest: | Direct beneficial |
Name of Director: | JDR Oesch |
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Designation: | Group Commercial Director |
Nature of transaction: | Off-Market acceptance of shares by participants to be obtained at future vested periods in terms of the ADvTECH Limited Management Share Incentive Scheme (MSI). |
Number of securities: | 227 392 |
Date of Award | 23 May 2023 |
Class of securities: | Ordinary |
Price of share: | R18.00 |
Total value of transaction: | R4 093 056.00 |
Date of transaction: | 13 June 2023 |
Nature of interest: | Direct beneficial |
Name of Officer: | DL Honey |
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Designation: | Prescribed Officer |
Nature of transaction: | Off-Market acceptance of shares by participants to be obtained at future vested periods in terms of the ADvTECH Limited Management Share Incentive Scheme (MSI). |
Number of securities: | 184 359 |
Date of Award | 23 May 2023 |
Class of securities: | Ordinary |
Price of share: | R18.00 |
Total value of transaction: | R3 318 462.00 |
Date of transaction: | 13 June 2023 |
Nature of interest: | Direct beneficial |
Name of Officer: | MD Aitken |
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Designation: | Prescribed Officer |
Nature of transaction: | Off-Market acceptance of shares by participants to be obtained at future vested periods in terms of the ADvTECH Limited Management Share Incentive Scheme (MSI). |
Number of securities: | 155 344 |
Date of Award | 23 May 2023 |
Class of securities: | Ordinary |
Price of share: | R18.00 |
Total value of transaction: | R2 796 192.00 |
Date of transaction: | 13 June 2023 |
Nature of interest: | Direct beneficial |
Name of Officer: | L Wiseman |
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Designation: | Prescribed Officer |
Nature of transaction: | Off-Market acceptance of shares by participants to be obtained at future vested periods in terms of the ADvTECH Limited Management Share Incentive Scheme (MSI). |
Number of securities: | 112 348 |
Date of Award | 23 May 2023 |
Class of securities: | Ordinary |
Price of share: | R18.00 |
Total value of transaction: | R2 022 264.00 |
Date of transaction: | 13 June 2023 |
Nature of interest: | Direct beneficial |
Name of Officer: | SCD Lurie |
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Designation: | The Independent Institute of Education (Pty) Ltd (a director of a major subsidiary of ADvTECH) |
Nature of transaction: | Off-Market acceptance of shares by participants to be obtained at future vested periods in terms of the ADvTECH Limited Management Share Incentive Scheme (MSI). |
Number of securities: | 72 208 |
Date of Award | 23 May 2023 |
Class of securities: | Ordinary |
Price of share: | R18.00 |
Total value of transaction: | R1 299 744.00 |
Date of transaction: | 13 June 2023 |
Nature of interest: | Direct beneficial |
Name of Officer: | CB Crouse |
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Designation: | Group Company Secretary |
Nature of transaction: | Off-Market acceptance of shares by participants to be obtained at future vested periods in terms of the ADvTECH Limited Management Share Incentive Scheme (MSI). |
Number of securities: | 33 390 |
Date of Award | 23 May 2023 |
Class of securities: | Ordinary |
Price of share: | R18.00 |
Total value of transaction: | R 601 020.00 |
Date of transaction: | 13 June 2023 |
Nature of interest: | Direct beneficial |
The date of vesting is 23 May 2026.
13 June 2023
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited