AECI directors and executives accept long-term incentive awards

AECI Limited (JSE: AFE) disclosed that directors and prescribed officers accepted awards of performance shares under the Long-Term Incentive Plan (LTIP) and shares under the 2024 One Incentive Long-Term Incentive Plan (OI-LTIP) on May 7, 2025. The LTIP awards, totaling 128,734 shares for Chief Executive Officer H Riemensperger, valued at ZAR11,959,388.60, 43,547 shares for Prescribed Officer DK Murray, valued at ZAR4,045,516.30, and 33,077 shares for Group Company Secretary C Singh, valued at ZAR3,072,853.30. The OI-LTIP awards included 9,925 shares for H Riemensperger, valued at ZAR922,032.50, 3,580 shares for DK Murray, valued at ZAR332,582.00, and 3,055 shares for C Singh, valued at ZAR283,809.50. All awards were granted at a price of ZAR92.9000 per share and are subject to performance conditions. The transactions were completed off-market, and all participants hold a direct beneficial interest.