MPACT LIMITED - Acceptance of performance share awards to directors and prescribed officers

Acceptance of performance share awards to directors and prescribed officers

Mpact Limited
(Incorporated in the Republic of South Africa)
(Registration number 2004/025229/06)
JSE share code: MPT ISIN: ZAE000156501
(“Mpact” or “the Company”)

ACCEPTANCE OF PERFORMANCE SHARE AWARDS TO DIRECTORS AND PRESCRIBED OFFICERS

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

DIRECTORS OF THE COMPANY

Name                           :     BW Strong
Office held                    :     Chief Executive Officer
Company                        :     Mpact Limited
Date of acceptance             :     24 April 2015
Nature of transaction          :     Off-market acceptance of conditional
                                     performance share awards vesting in March
                                     2018 subject to the achievement of agreed
                                     targets
Class of securities            :     Ordinary shares
Number of performance shares   :     95,185
Award price                    :     R42.43
Total value of award           :     R4,038,699.55
Nature of interest             :     Direct beneficial
Clearance obtained             :     Yes

Name                           :     BDV Clark
Office held                    :     Chief Financial Officer
Company                        :     Mpact Limited
Date of acceptance             :     24 April 2015
Nature of transaction          :     Off-market acceptance of conditional
                                     performance share awards vesting in March
                                     2018 subject to the achievement of agreed
                                     targets
Class of securities            :     Ordinary shares
Number of performance shares   :     43,045
Award price                    :     R42.43
Total value of award           :     R1,826,399.35
Nature of interest             :     Direct beneficial
Clearance obtained             :     Yes

PRESCRIBED OFFICERS OF THE COMPANY

Name                           :     RP von Veh
Office held                    :     Managing Director – Corrugated Division
Company                        :     Mpact Operations (Pty) Ltd
Date of acceptance             :     24 April 2015
Nature of transaction          :     Off-market acceptance of conditional
                                     performance share awards vesting in March
                                     2018 subject to the achievement of agreed
                                     targets
Class of securities            :     Ordinary shares
Number of performance shares   :     47,189
Award price                    :     R42.43
Total value of award           :     R2,002,229.27
Nature of interest             :     Direct beneficial
Clearance obtained             :     Yes


Name                           :     HM Thompson
Office held                    :     Managing Director – Paper Manufacturing
                                     Division
Company                        :     Mpact Operations (Pty) Ltd
Date of acceptance             :     24 April 2015
Nature of transaction          :     Off-market acceptance of conditional
                                     performance share awards vesting in March
                                     2018 subject to the achievement of agreed
                                     targets
Class of securities            :     Ordinary shares
Number of performance shares   :     39,082
Award price                    :     R42.43
Total value of award           :     R1,658,249.26
Nature of interest             :     Direct beneficial
Clearance obtained             :     Yes

Name                           :     N Naidoo
Office held                    :     Managing Director – Plastics Division
Company                        :     Mpact Operations (Pty) Ltd
Date of acceptance             :     24 April 2015
Nature of transaction          :     Off-market acceptance of conditional
                                     performance share awards vesting in March
                                     2018 subject to the achievement of agreed
                                     targets
Class of securities            :     Ordinary shares
Number of performance shares   :     30,213
Award price                    :     R42.43
Total value of award           :     R1,281,937.59
Nature of interest             :     Direct beneficial
Clearance obtained             :     Yes

Name                           :     JW Hunt
Office held                    :     Managing Director
Company                        :     Mpact Recycling (Pty) Ltd
Date of acceptance             :     24 April 2015
Nature of transaction          :     Off-market acceptance of conditional
                                     performance share awards vesting in March
                                     2018 subject to the achievement of agreed
                                     targets
Class of securities            :     Ordinary shares
Number of performance shares   :     24,698
Award price                    :     R42.43
Total value of award           :     R1,047,936.14
Nature of interest             :     Direct beneficial
Clearance obtained             :     Yes

  
Note:
1. Prescribed officers are defined as having general executive control over
and management of a significant portion of the Company or regularly
participate therein to a material degree.


Melrose Arch
28 April 2015

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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