AECI Mining broad-based ownership scheme: issue of a 15.5% interest to the AECI Foundation (February 2025)
- Value
- R522m
- Date
- 1 February 2025
- Transaction type
- Other
- Practice area
- Corporate and Commercial
- Sector
- Mining
- Jurisdiction
- South Africa
- Client
- AECI Foundation (public benefit organisation)
Summary
AECI Mining broad-based ownership scheme: issue of a 15.5% interest to the AECI Foundation (February 2025). Value as disclosed: 522,000,000 ZAR.
73,586,835 B ordinary shares issued at R7.10; raises black ownership of AECI Mining from 41.9% to 51%; funded 35% cash and 65% notional vendor financing.
Why it matters
Significant / value undisclosed
Scope of legal work
Bowmans
Advisers
Other parties
AECI Foundation (public benefit organisation) (acquirer or client); AECI Mining (counterparty or seller)
Other advisers
Investec Bank; PwC (DealMakers SA 2025 Annual – local advisers)
Sources
Compiled by Meridian from the public announcements and filings listed under Sources.
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