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Dealing in securities

In accordance with the JSE’s guidelines, the Company has adopted a “closed period” policy. During this time, directors and designated employees are prohibited from dealing in the Company’s securities, either directly or indirectly, on the basis of unpublished price sensitive information about the business of the Group. Identified employees are advised to that effect. The closed period endures from the end of a financial reporting period until the publication of financial results for that period. Additional closed periods may be declared from time to time if circumstances so warrant.

Dealings in securities by directors and officers of the Company require prior approval by the chairman or chief executive, depending on the person dealing in the securities. Any share dealings by directors and officers of the Company are notified to the JSE for publication via SENS.

The Company also has an information disclosure and communications policy designed to:

  • record AECI’s procedure with regard to communicating with the media, investment community, securities professionals and other audiences to avoid selective disclosure of material information; and
  • govern the disclosure of price sensitive information to the public in a broad, comprehensive and lawful manner.

This policy has been brought to the attention of all AECI employees and must be adhered to by them.