26 May - 2 min read

Dealings by an associate

Dealings by an associate

AfroCentric Investment Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1988/000570/06)
JSE Code: ACT     ISIN: ZAE000078416
(“AfroCentric” or “the Company”)


DEALINGS IN SECURITIES BY ASSOCIATES OF A DIRECTOR

In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, the Company
hereby discloses the following trade by an associate of a director of the Company:

(1)


 Name of associate:                          RQ Investments Proprietary Limited (“RQ”)

 Name of director:                           Willem Britz

 Designation:                                Executive Director of AfroCentric

 Relationship of associate to director:      Willem Britz is a 50% shareholder and director of RQ


 Date of transaction:                        24 May 2021


 Nature of transaction:                      Off market sale of AfroCentric securities

 Class of security:                          Ordinary shares

 Number of securities:                       27 876 401


 Price per security:                         R4.67



 Value of transaction:                       R130 182 793

 Nature of interest:                         Indirect Beneficial

 Clearance obtained:                         Yes



 (2)

 Name of associate:                          WAD Holdings Proprietary Limited (“WAD”)

 Name of director:                           Willem Britz

 Designation:                                Executive Director of AfroCentric

 Relationship of associate to director:      Willem Britz is a 50% shareholder and director of WAD

 Date of transaction:                        24 May 2021
Nature of transactions:                   Off market sale of AfroCentric securities

Class of security:                        Ordinary shares

Number of securities:                     15 000 000

Price per security:                       R4.67

Value of transaction:                     R 70 050 000.00

Nature of interest:                       Indirect Beneficial

Clearance obtained:                       Yes




The above increase in shares for RQ represents and effective increase of 6 438 200 AfroCentric shares being
held by Mr Willem Britz through his associate holdings.

Johannesburg
27 May 2021


Sponsor
Sasfin Capital (a member of the Sasfin Group)

Date: 26-05-2021 04:55:00
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