AECI LIMITED
(Incorporated in the Republic of South
Africa)
(Registration number: 1924/002590/06)
Share code: AFE ISIN:
ZAE000000220
Hybrid code: AFEP ISIN: ZAE000000238
Bond company code: AECI
LEI: 3789008641F1D3D90E85
(AECI or the Company)
DISCLOSURE OF SIGNIFICANT HOLDING OF
AECI SHARES
In accordance with section 122(3)(b) of the Companies Act, No.
71 of 2008 as amended (the Companies Act), regulation 121(2)(b) of
the Companies Regulations, 2011 and paragraph 3.83(b) of the JSE
Limited Listings Requirements, shareholders and noteholders are
advised that Ninety One SA Proprietary Limited (Ninety One) has
notified the Company that it has acquired AECI shares, such that
Ninety One now holds 5.0000% of the issued ordinary shares in the
Company.
As required in terms of section 122(3)(a) of the Companies Act,
the Company has filed the required notice with the Takeover
Regulation Panel.
The Board of Directors of AECI accepts responsibility for the
information contained in this announcement as it relates to the
Company and confirms that, to the best of its knowledge and belief,
such information relating to AECI is true and that this
announcement does not omit anything likely to affect the importance
of such information.
Woodmead, Sandton
3 May 2023
Sponsor: Rand Merchant Bank (A
division of FirstRand Bank Limited)