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MIX TELEMATICS LIMITED - Dealing in securities by a director of MiX Telematics

Release Date: 30/12/2021 17:45
Code(s): MIX     PDF:  
Wrap Text
Dealing in securities by a director of MiX Telematics

MIX TELEMATICS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1995/013858/06)
JSE share code: MIX ISIN: ZAE000125316
NYSE share code: MIXT
("MiX Telematics")


DEALINGS IN SECURITIES BY A DIRECTOR OF MIX TELEMATICS


Shareholders are advised of the following information relating to dealings in securities by a director of MiX Telematics
relating to the exercise of share appreciation rights ("SARs") under the MiX Telematics Limited Long-Term Incentive
Plan ("LTIP").

Stefan Joselowitz is exercising 1 000 000 SARs in respect of ordinary shares granted to him under the LTIP as set out
in the table below and his intention is to retain all the shares, thereby increasing his direct beneficial shareholding in
MiX Telematics to 748 488 American Depositary Shares (equivalent to 18 712 191 ordinary shares).

Mr. Joselowitz, who is paying the associated costs of this transaction out of pocket, commented: "I am pleased to
increase my ownership position in MiX Telematics and further align myself with our shareholders. This transaction
underscores the confidence I have in the business and the exciting opportunities we have to generate significant value
for our customers and shareholders."

 Name of director:                                         Stefan Joselowitz
 Transaction date:                                         December 28, 2021
 Class of securities:                                      Ordinary shares
 Nature of transaction:                                    Off-market exercise of SARs under the LTIP
 Nature and extent of director’s interest:                 Direct beneficial
 Clearance to deal received:                               Yes
 * One ADS represents 25 ordinary shares.

SARS exercised:

 Award date                       Number          Award        Exercise         Total gain on        Ordinary shares
                               exercised          price           price                  SARs                 issued
 August 31, 2015               1 000 000          R3.13           R8.24            R5 110 000                620 146


December 30, 2021


Sponsor
Java Capital

Date: 30-12-2021 05:45:00
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