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METAIR INVESTMENTS LIMITED - Dealing in securities by an associate of a director

Release Date: 07/04/2014 17:20
Code(s): MTA     PDF:  
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Dealing in securities by an associate of a director

METAIR INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
 Reg No. 1948/031013/06
 JSE code : MTA
 ISIN: ZAE000090692
  (“Metair”)


DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR


In accordance with the requirements of paragraphs 3.63 to 3.74 of the JSE Limited Listings
Requirements (“Listings Requirements”), the following information regarding a transaction by an
associate of a non-executive director of Metair, is disclosed:

Director:                                           Mr A Joffe

Details of associate:                               Corocapital (Pty) Ltd (“Corocapital”)

Company of which he is a director:                  Metair

Date of transaction:                                04 April 2014

Nature of transaction:                              Disposal

Class of securities:                                Metair ordinary shares (“Shares”)

Price per Share:                                    Value weighted average price of R42.02; highest
                                                    price of R42.80; lowest price of R42.00

Total value of transaction:                         There is no value attributable to the transaction as
                                                    Mr Joffe did not transact directly in the Shares.
                                                    Notwithstanding this, in compliance with
                                                    paragraph      3.63(b)(iv)    of     the    Listings
                                                    Requirements, the deemed value of Mr Joffe’s
                                                    holdings is R29 061 578.26.
 
Written clearance to deal:                          Yes

Nature and extent of interest:                      The disposal by Corocapital, of which Mr Joffe
                                                    holds an indirect beneficial interest, of an equity
                                                    interest in an entity which holds Shares. This has
                                                    resulted in Mr Joffe’s indirect beneficial interest in
                                                    Shares decreasing by 691 613 Shares.
Confirmation of on-market
or off-market:                                      On-market


Johannesburg
7 April 2014

Sponsor:
One Capital

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