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Directors Dealings
METAIR INVESTMENTS LIMITED
(Reg No. 1948/031013/06)
(Incorporated in the Republic of South Africa)
Share code : MTA
ISIN code : ZAE000090692
(“Metair” or “Company”)
DIRECTORS’ DEALINGS IN SECURITIES
1. Settlement of Performance and Bonus Shares
In accordance with paragraph 3.63 to 3.66 of the JSE Limited Listings Requirements (“Listings
Requirements”), Metair herewith advises of the settlement of performance shares
(“Performance Shares”) and bonus shares (“Bonus Shares”) conditionally granted on
17 March 2011 to certain of the directors of Metair and directors of its major subsidiaries
(“Participants”). The Performance Shares and Bonus Shares were awarded in terms of The
Metair Investments Limited 2009 Share Plan (“Share Plan”). In terms of the provisions of the
Share Plan, the Bonus Shares are to be settled following vesting and the Performance Shares
are to be settled following vesting and once the Metair board of directors has determined the
extent to which the performance criteria imposed on the award have been achieved.
The terms and conditions of the Performance Shares are:
Date of award 17 March 2011
Date Performance Shares settled 27 March 2014
Total number of Performance Shares 321 606
settled on 27 March 2014
Price paid per Performance Share Nil
Deemed value of the Performance Shares R13 430 266.56
on settlement (based on the prevailing
market price being the closing price for
Metair shares on 26 March 2014 of 4 176
cents per share)
Class of securities Ordinary shares
Nature of transaction Settlement of Performance Shares
Vesting date 27 March 2014
Vesting period Performance Shares vest on the third
anniversary of the award date to the
extent that the Company has met
specified performance criteria during the
intervening period
Transaction completed on market No
Clearance obtained in terms of paragraph Yes
3.66 of the Listings Requirements
The terms and conditions of the Bonus Shares are:
Date of award 17 March 2011
Date Bonus Shares settled 27 March 2014
Total number of Bonus Shares settled on 107 416
27 March 2014
Price paid per Bonus Share Nil
Deemed value of the Bonus Shares on R4 485 692.16
settlement (based on the prevailing market
price being the closing price for Metair
shares on 26 March 2014 of 4 176 cents
per share)
Class of securities Ordinary shares
Nature of transaction Settlement of Bonus Shares
Vesting date 27 March 2014
Vesting period Bonus Shares vest on the third anniversary
of the award date
Transaction completed on market No
Clearance obtained in terms of paragraph Yes
3.66 of the Listings Requirements
The details of the settlement of the Performance Shares per Participant are set out below. The
nature of the interest of all Participants is direct beneficial.
Director Company name No. of Deemed value
Performance of settled
Shares settled Performance
Shares
(Rand)
Mr L. Denner Mutlu Holding Anonim 37 051 1 547 249.76
Sirketi (“Mutlu
Holding”)
Mr C.J. Janse van Mutlu Holding 14 555 607 816.80
Rensburg
Ms H. McLachlan Metindustrial (Pty) Ltd 17 518 731 551.68
(“Metindustrial”)
Mr R. Bezuidenhout Metindustrial 16 956 708 082.56
Mr A. Webb Metindustrial 15 835 661 269.60
Mr M. Slattery Metindustrial 16 825 702 612.00
Mr A. Becker Metindustrial 36 263 1 514 342.88
Mr B. Sivlal Metindustrial 18 859 787 551.84
Mr C. Ellison Metindustrial 16 141 674 048.16
Mr M. Barley Metindustrial 17 683 738 442.08
Mr B.M. Jacobs Metair 35 708 1 491 166.08
Mr C.T. Loock Metair 78 212 3 266 133.12
The details of the settlement of the Bonus Shares per Participant are set out below. The nature
of the interest of all Participants is direct beneficial.
Director Company name No. of Bonus Deemed value
Shares of settled
settled Bonus Shares
(Rand)
Mr L. Denner Mutlu Holding 11 283 471 178.08
Mr C.J. Janse van Mutlu Holding 8 186 341 847.36
Rensburg
Ms H. McLachlan Metindustrial 7 826 326 813.76
Mr R. Bezuidenhout Metindustrial 7 211 301 131.36
Mr A. Webb Metindustrial 6 638 277 202.88
Mr M. Slattery Metindustrial 7 177 299 711.52
Mr A. Becker Metindustrial 5 383 224 794.08
Mr B. Sivlal Metindustrial 3 762 157 101.12
Mr C. Ellison Metindustrial 3 246 135 552.96
Mr M. Barley Metindustrial 3 492 145 825.92
Mr B.M. Jacobs Metair 17 251 720 401.76
Mr C.T. Loock Metair 25 961 1 084 131.36
2. Disposal of Performance and Bonus Shares
Following the settlement of the Performance Shares and Bonus Shares, Participants disposed
of their Metair ordinary shares off-market on 27 March 2014 at a share price of R40.50
(“Disposal”) as detailed in the table below. The nature of the interest of all Participants in the
Disposal is direct beneficial and clearance in terms of paragraph 3.66 of the Listings
Requirements was obtained in all instances.
Proceeds from
No. of ordinary
Director Company name Disposal
shares disposed
(Rand)
Mr L. Denner Mutlu Holding 48 334 1 957 527.00
Mr C.J. Janse van
Mutlu Holding 22 741 921 010.50
Rensburg
Ms H. McLachlan Metindustrial 25 344 1 026 432.00
Mr R. Bezuidenhout Metindustrial 24 167 978 763.50
Mr A. Webb Metindustrial 22 473 910 156.50
Mr M. Slattery Metindustrial 24 002 972 081.00
Mr A. Becker Metindustrial 41 646 1 686 663.00
Mr B. Sivlal Metindustrial 22 621 916 150.50
Mr C. Ellison Metindustrial 9 694 392 607.00
Mr M. Barley Metindustrial 10 587 428 773.50
Mr B.M. Jacobs Metair 52 959 2 144 839.50
Mr C.T. Loock Metair 104 173 4 219 006.50
Johannesburg
28 March 2014
Sponsor
One Capital
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