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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” or the “Company”)
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 transactions by directors of Metair and its major subsidiaries and Metair’s company secretary
(“Participants”) are hereby disclosed.
1. ALLOCATION OF PERFORMANCE SHARES
The terms and conditions of the performance shares (“Performance Shares”) are:
Date of award 1 April 2021
Number of Performance Shares awarded to Participants 540 932
Price paid per Performance Share Nil
Total value of transaction Nil
Allocation price per Performance Share R19.15 being the 20-day volume weighted average price
(“VWAP”) as at 31 March 2021
Class of securities Ordinary shares
Nature of transaction Acceptance of Performance Shares
Vesting date 1 April 2024
Vesting period Performance Shares vest on the third anniversary of the
award date to the extent that the Company’s performance
criteria during the intervening period has been met.
Transaction completed: Off-market
Clearance obtained in terms of paragraph 3.66 of the Listings Yes
Requirements
The details of the allocation of the Performance Shares per Participant are set out below. The nature of the interest of all
Participants is direct beneficial.
Deemed value of
Director Company name No. of Performance Performance Shares
Shares accepted (Rand)
Mr D. Seker Mutlu Holding Anonim Sirketi 51 231 981 074
Mr B. Eser Mutlu Holding Anonim Sirketi 17 171 328 825
Ms S. Emiroglu Mutlu Holding Anonim Sirketi 19 157 366 857
Mr Y. Kaptan Mutlu Holding Anonim Sirketi 25 514 488 593
Mr T. Korlu Mutlu Holding Anonim Sirketi 15 512 297 055
Mr B. Sen Mutlu Holding Anonim Sirketi 13 404 256 687
Mr B. Erol Mutlu Holding Anonim Sirketi 10 476 200 615
Mr I. Atay Rodoplu Mutlu Holding Anonim Sirketi 7 573 145 023
Mr E. Berber Mutlu Holding Anonim Sirketi 6 912 132 365
Mr R. Haffejee Metair 187 990 3 600 009
Mr S. Douwenga Metair 123 766 2 370 119
Mr A. Jogia Metair 28 234 540 681
Ms S.M. Vermaak Metair 33 992 650 947
2. VESTING, EXERCISE AND SALE OF PERFORMANCE SHARES
On 3 April 2018, Performance Shares were conditionally granted to certain Participants, in accordance with the Metair
Investments Limited 2009 Share Plan. These Performance Shares have vested and have been exercised by the Participants
pursuant to which the Participants received Metair ordinary shares (“Shares”) at no cost, as per the table below. The nature of
the interest of the Participants is direct beneficial.
DETAILS OF VESTING AND EXERCISE OF PERFORMANCE SHARES
Total number of Shares exercised/settled 76 514
Deemed value of Performance Shares on exercise R1 467 538.52 at a price of R19.18, being the 20-day VWAP
as at 5 April 2021
Class of Securities Ordinary shares
Nature of transaction Settlement of Performance Shares
Date of Award 3 April 2018
Date of Performance Shares exercised/settled 6 April 2021
Vesting period Performance Shares vest on the third anniversary of the
award date to the extent that the Company’s performance
criteria during the intervening period has been met.
Transaction completed: Off-market
Clearance obtained in terms of paragraph 3.66 of the Listings Yes
Requirements
In order to facilitate the disposal of these 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 through arranged on-market trades on
7 April 2021, as per the table below:
DETAILS OF SALE OF SHARES
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 R21.0801;
- highest price of R21.50; and
- lowest price of R21.00.
Total number of Shares sold 47 268
Total value of Shares sold R993 422.10
Clearance obtained in terms of paragraph 3.66 of the Listings Yes
Requirements
Details of the exercise of the Performance Shares, the related receipt of Shares and sale of Shares per Participant are tabled
below:
Director Company No. of Performance Deemed value of No. of Value of Shares
Name Shares exercised Performance Shares (Rand) Shares sold sold (Rand)
Mutlu Holding 5 026 96 399 5 026 105 630
Mr D. Seker Anonim Sirketi
Mutlu Holding 6 396 122 675 6 396 134 424
Mr Y. Kaptan Anonim Sirketi
Mr S. Douwenga Metair 40 913 784 711 20 465 430 109
Mr A. Jogia Metair 11 417 218 978 9 000 189 151
Ms S.M. Vermaak Metair 12 762 244 775 6 381 134 108
Johannesburg
8 April 2021
Sponsor
One Capital
Date: 08-04-2021 02:40:00
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