AECI director I Kramer awarded performance shares

AECI Limited (JSE:AFE) announced today that its Chief Financial Officer, I Kramer, has accepted an award of performance shares as part of the company's Long-Term Incentive Plan (LTIP). The allocation, comprising 64,047 shares, carries a total value of R5 949 966.30. These shares will convert into AECI ordinary shares and vest three years from the grant date of April 14, 2025, subject to meeting specified performance conditions. The award was accepted on June 17, 2025, and the shares were issued at a price of R92.9000. The transaction, conducted off-market, represents a direct beneficial interest for Kramer. One Capital serves as the Equity Sponsor, while Questco Proprietary Limited is the Debt Sponsor for AECI.