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Directors’ dealings in securities
METAIR INVESTMENTS LIMITED
(Reg No. 1948/031013/06)
(Incorporated in the Republic of South Africa)
Share code : MTA
ISIN code : ZAE000090692
(“Metair”)
DIRECTORS’ DEALINGS IN SECURITIES
In accordance with the requirements of paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements
(“Listings Requirements”), the following on-market and off-market transactions by directors and the company
secretary of Metair and the directors of its major subsidiaries are hereby disclosed.
VESTING AND EXERCISE OF SHARE APPRECIATION RIGHTS AND SALE OF SHARES
On 27 November 2017, 27 November 2018 and 27 November 2019 Metair ordinary shares ("Shares") were
conditionally granted (“Share Appreciation Rights”), to certain directors, the company secretary of Metair and
the directors of its major subsidiaries (“Participants”) in accordance with the Metair Investments Limited 2009
Share Plan. These Share Appreciation Rights have partially vested and have been exercised by the Participants
pursuant to which the Participants received Shares at no cost.
Details of the exercise of the Share Appreciation Rights, the related receipt of Shares and sale of Shares are
provided below:
DETAILS OF VESTING AND EXERCISE OF SHARE APPRECIATION RIGHTS
Total number of Shares exercised 35 163
Deemed value of Share Appreciation Rights on R1 016 210.70 at a price of R28.90 per Share, being
exercise the previous day’s closing price as at 28 November 2022
Class of securities Ordinary shares
Nature of transaction Off-market acquisition of Shares pursuant to the
exercise of Share Appreciation Rights at no cost
Date of awards 27 November 2017, 27 November 2018 and 27 November 2019
Date of Share Appreciation Rights exercise 28 November 2022
Vesting period In equal thirds on the 3rd, 4th and 5th anniversaries but
need not be exercised until the 6th anniversary
Clearance obtained in terms of paragraph 3.66 of the Yes
Listings Requirements
In order to facilitate the disposal of a portion of the Shares received by the Participants in an orderly fashion, the
Participants have entered into a pooled sale in terms of which the Participant's Shares were disposed of through
a single arranged on-market trade on 28 November 2022.
DETAILS OF SALE OF SHARES
Date of transaction 28 November 2022
Nature of transaction On-market sale of Shares
Class of Share Ordinary shares
Price per Share Various different trades with the following price
information:
- VWAP of R28.0015;
- highest price of R28.07; and
- lowest price of R28.00
Total number of Shares sold 35 163
Total value of Shares sold R984 616.74
Clearance obtained in terms of paragraph 3.66 of Yes
the Listings Requirements
Further details of the exercise of the Share Appreciation Rights, the related receipt of Shares and sale of Shares
by each of the Participants are tabled below. The nature of the interest of all Participants is direct beneficial.
Director Company No. of Share Deemed No. of Value of
name Appreciation value of Shares Shares sold
Rights Share sold (Rand)
exercised Appreciation
Rights
exercised
(Rand)
Mr D. Seker Mutlu Holding 3 421 98 866.90 3 421 95 793.13
Anonim Sirketi
Mr Y. Kaptan Mutlu Holding 4 389 126 842.10 4 389 122 898.58
Anonim Sirketi
Ms S. Emiroglu Mutlu Holding 1 519 43 899.10 1 519 42 534.28
Anonim Sirketi
Mr S. Douwenga Metair 19 315 558 203.50 19 315 540 848.97
Mr A. Jogia Metair 3 073 88 809.70 3 073 86 048.61
Ms S.M. Metair 3 446 99 589.40 3 446 96 493.17
Vermaak
Johannesburg
30 November 2022
Sponsor
One Capital
Date: 30-11-2022 09:06:00
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