ADvTECH Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001119/06)
Share code: ADH ISIN: ZAE000031035
(“ADvTECH”)
DEALINGS IN SECURITIES BY DIRECTORS, PRESCRIBED OFFICERS, AND A DIRECTOR OF A MAJOR SUBSIDIARY: SHARE VESTING
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the following transactions relating to directors, prescribed officers and a director of a major subsidiary dealings are hereby disclosed, in terms of the provisions of the ADvTECH Management Share Incentive Scheme (MSI), regarding performance and retention shares which have vested after 3 years.
Name of Director: | JDR Oesch |
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Designation: | Group Commercial Director |
Nature of transaction: | Off-Market vesting of shares obtained in terms of the ADvTECH Limited Management Share Incentive Scheme (MSI). |
Number of securities: | 213 120 |
Date of Award | 21 May 2021 |
Class of securities: | Ordinary |
Price of share: | R27.50 |
Total value of transaction: | R5 860 800 |
Date of transaction: | 31 May 2024 |
Nature of interest: | Direct beneficial |
Name of Officer: | L Wiseman |
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Designation: | Prescribed Officer |
Nature of transaction: | Off-Market vesting of shares obtained in terms of the ADvTECH Limited Management Share Incentive Scheme (MSI). |
Number of securities: | 82 394 |
Date of Award | 21 May 2021 |
Class of securities: | Ordinary |
Price of share: | R27.50 |
Total value of transaction: | R2 265 835 |
Date of transaction: | 31 May 2024 |
Nature of interest: | Direct beneficial |
Name of Officer: | DL Honey |
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Designation: | Prescribed Officer |
Nature of transaction: | Off-Market vesting of shares obtained in terms of the ADvTECH Limited Management Share Incentive Scheme (MSI). |
Number of securities: | 203 759 |
Date of Award | 21 May 2021 |
Class of securities: | Ordinary |
Price of share: | R27.50 |
Total value of transaction: | R5 603 372.50 |
Date of transaction: | 31 May 2024 |
Nature of interest: | Direct beneficial |
Name of Officer: | MD Aitken |
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Designation: | Prescribed Officer |
Nature of transaction: | Off-Market vesting of shares obtained in terms of the ADvTECH Limited Management Share Incentive Scheme (MSI). |
Number of securities: | 181 993 |
Date of Award | 21 May 2021 |
Class of securities: | Ordinary |
Price of share: | R27.50 |
Total value of transaction: | R5 004 807.50 |
Date of transaction: | 31 May 2024 |
Nature of interest: | Direct beneficial |
Name of Officer: | SCD Lurie |
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Designation: | A Director of a major subsidiary of ADvTECH (The Independent Institute of Education (Pty) Ltd) |
Nature of transaction: | Off-Market vesting of shares obtained in terms of the ADvTECH Limited Management Share Incentive Scheme (MSI). |
Number of securities: | 44 698 |
Date of Award | 21 May 2021 |
Class of securities: | Ordinary |
Price of share: | R27.50 |
Total value of transaction: | R1 229 195 |
Date of transaction: | 31 May 2024 |
Nature of interest: | Direct beneficial |
The date of vesting is 21 May 2024. In terms of paragraph 3.66 of the Listings Requirements, the necessary clearance to deal has been obtained for all the transactions set out above.
3 June 2024
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited