MPACT LIMITED - Acceptance Of Bonus Share Awards To Directors, Prescribed Officers And Group Company Secretary

Acceptance Of Bonus Share Awards To Directors, Prescribed Officers And Group Company Secretary

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 BONUS SHARE AWARDS TO DIRECTORS, PRESCRIBED OFFICERS AND GROUP
COMPANY SECRETARY

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

DIRECTORS OF MPACT LIMITED

Name                            :   BW Strong
Office held                     :   Chief Executive Officer
Company                         :   Mpact Limited
Date of acceptance              :   1 April 2021
Nature of transaction           :   Off-market acceptance of conditional
                                    bonus share grants vesting in March 2024
Class of securities             :   Ordinary shares
Number of bonus shares          :   84,031
Award price*                    :   R20.4372
Total value of award            :   R1,717,358.35
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

Name                            :   BDV Clark
Office held                     :   Chief Financial Officer
Company                         :   Mpact Limited
Date of acceptance              :   1 April 2021
Nature of transaction           :   Off-market acceptance of conditional
                                    bonus share grants vesting in March 2024
Class of securities             :   Ordinary shares
Number of bonus shares          :   67,849
Award price*                    :   R20.4372
Total value of award            :   R1,386,643.58
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

DIRECTORS OF MAJOR SUBSIDIARY

Name                            :   HM Thompson
Office held                     :   Managing Director – Paper Division
Company                         :   Mpact Operations (Pty) Ltd
Date of acceptance              :   1 April 2021
Nature of transaction           :   Off-market acceptance of conditional
                                    bonus share grants vesting in March 2024
Class of securities             :   Ordinary shares
Number of bonus shares          :   78,158
Award price*                    :   R20.4372
Total value of award            :   R1,597,330.68
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            :    1 April 2021
Nature of transaction         :    Off-market acceptance of conditional
                                   bonus share grants vesting in March 2024
Class of securities           :    Ordinary shares
Number of bonus shares        :    51,358
Award price*                  :    R20.4372
Total value of award          :    R1,049,613.72
Nature of interest            :    Direct beneficial
Clearance obtained            :    Yes

GROUP COMPANY SECRETARY/DIRECTOR OF MAJOR SUBSIDIARY

Name                          :    DM Dickson
Office held                   :    Group Company Secretary (Mpact Limited)
                                   and Director of Major Subsidiary (Mpact
                                   Operations (Pty) Ltd)
Date of acceptance            :    1 April 2021
Nature of transaction         :    Off-market acceptance of conditional
                                   bonus share grants vesting in March 2024
Class of securities           :    Ordinary shares
Number of bonus shares        :    13,657
Award price*                  :    R20.4372
Total value of award          :    R279,110.84
Nature of interest            :    Direct beneficial
Clearance obtained            :    Yes

PRESCRIBED OFFICERS

Name                          :    JW Hunt
Office held                   :    Managing Director – Recycling Division
Date of acceptance            :    1 April 2021
Nature of transaction         :    Off-market acceptance of conditional
                                   bonus share grants vesting in March 2024
Class of securities           :    Ordinary shares
Number of bonus shares        :    54,811
Award price*                  :    R20.4372
Total value of award          :    R1,120,183.37
Nature of interest            :    Direct beneficial
Clearance obtained            :    Yes

Name                          :    CM Botha
Office held                   :    Managing Director – Corrugated Division
Date of acceptance            :    1 April 2021
Nature of transaction         :    Off-market acceptance of conditional
                                   bonus share grants vesting in March 2024
Class of securities           :    Ordinary shares
Number of bonus shares        :    39,072
Award price*                  :    R20.4372
Total value of award          :    R798,522.28
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.

  * Award price is calculated on a 15-trading day VWAP starting from 8 March
  2021 to 29 March 2021.


Melrose Arch
7 April 2021

Sponsor
The Standard Bank of South Africa Limited

Date: 07-04-2021 03:00:00
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