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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 the company secretary
(“Participants”) are hereby disclosed.
1. ALLOCATION OF PERFORMANCE SHARES
The terms and conditions of the performance shares (“PS”) are:
Date of award 3 April 2019
Number of PS awarded to Participants 180 355
Price paid per PS Nil
Total value of transaction Nil
Allocation price per PS R22.20 being the closing price on 2 April 2019
Class of securities Ordinary shares
Nature of transaction Acceptance of PS
Vesting date 3 April 2022
Vesting period PS 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 on market No
Clearance obtained in terms of paragraph 3.66 of the Listings Yes
Requirements
The details of the allocation of the PS per Participant are set out below. The nature of the interest of all Participants is direct
beneficial.
Deemed value of PS
Director Company name No. of PS accepted (Rand)
Mr A. Lulsdorf Mutlu Holding Anonim Sirketi 22 297 494 993
Mr T. Tulgar Mutlu Holding Anonim Sirketi 5 675 125 985
Mr M. Bukagikiran Mutlu Holding Anonim Sirketi 5 845 129 759
Ms S. Emiroglu Mutlu Holding Anonim Sirketi 4 959 110 090
Mr H. Demir Mutlu Holding Anonim Sirketi 5 788 128 494
Mr Y. Kaptan Mutlu Holding Anonim Sirketi 7 869 174 692
Mr H. Okur Mutlu Holding Anonim Sirketi 6 408 142 258
Mr V. Kizil Mutlu Holding Anonim Sirketi 5 257 116 705
Mr D. Seker Mutlu Holding Anonim Sirketi 6 183 137 263
Mr C.T. Loock Metair 62 615 1 390 053
Mr S. Douwenga Metair 29 247 649 283
Mr A. Jogia Metair 8 516 189 055
Ms S.M. Vermaak Metair 9 696 215 251
2. EXERCISE, VESTING AND SALE OF PERFORMANCE SHARES
On 1 April 2016, Metair ordinary shares (“Shares”) were conditionally granted (“Performance Shares”) 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 Shares at no cost, as per the table
below. The nature of the interest of the Participants is direct beneficial.
DETAILS OF EXERCISE AND VESTING OF
PERFORMANCE SHARES
Total number of Shares exercised/settled 117 620
Deemed value of Performance Shares on exercise R2 692 321.80 at a price of R22.89, being the closing price
on 29 March 2019
Class of Securities Ordinary shares
Nature of transaction Settlement of Performance Shares
Date of Award 1 April 2016
Date of Performance Shares exercised/settled 1 April 2019
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.
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 a single arranged on-market
trade on 1 April 2019, as per the table below:
DETAILS OF SALE OF SHARES
Date of transaction 1 April 2019
Nature of transaction On-market sale of shares
Class of Share Ordinary shares
Price per Share R22.6072
Total number of Shares sold 98 436
Total value of Shares sold R2 225 352.50
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 Deemed value of No. of Shares Value of Shares
Name Performance Performance sold sold (Rand)
Shares exercised Shares (Rand)
Mutlu Holding 4 077 93 322.53 4 077 92 169.55
Mr T. Tulgar Anonim Sirketi
Mutlu Holding 4 315 98 770.35 4 315 97 550.07
Mr M. Bukagikiran Anonim Sirketi
Mutlu Holding 4 245 97 168.05 4 245 95 967.56
Mr H. Demir Anonim Sirketi
Mr Y. Kaptan Mutlu Holding 5 451 124 773.39 5 451 123 231.85
Anonim Sirekti
Mr H. Okur Mutlu Holding 4 581 104 859.09 4 581 103 563.58
Anonim Sirketi
Mr C.T. Loock Metair 53 654 1 228 140.06 53 654 1 212 966.71
Mr S. Douwenga Metair 26 097 597 360.33 13 049 295 001.35
Mr A. Jogia Metair 7 317 167 486.13 5 122 115 794.08
Ms S.M. Vermaak Metair 7 883 180 441.87 3 942 89 117.58
3. EXERCISE AND VESTING OF RETENTION BONUS SHARES
On 1 April 2016, Shares were conditionally granted (“Bonus Shares”), to Mr Loock in accordance with the Metair Investments
Limited 2009 Share Plan. The Bonus Shares have vested and have been exercised by Mr Loock pursuant to which Mr Loock
received Shares at no cost, as per the table below. The nature of the interest of Mr Loock is direct beneficial.
DETAILS OF EXERCISE AND VESTING OF BONUS
SHARES
Total number of Shares exercised/settled 800 000
Deemed value of Bonus Shares on exercise R18 312 000 at a price of R22.89 per Share, being the
closing price on 29 March 2019
Class of Securities Ordinary shares
Nature of transaction Settlement of Bonus Shares
Date of Award 1 April 2016
Date of Bonus Shares exercised/settled 1 April 2019
Vesting period Bonus Shares vest on the third anniversary of the award
date.
Clearance obtained in terms of paragraph 3.66 of the Listings Yes
Requirements
4. SALE OF SHARES BY A DIRECTOR
Metair Shareholders are further advised that Mr Loock sold Shares, as per the table below. The nature of the interest of
Mr Loock is direct beneficial.
DETAILS OF SALE OF SHARES
Date of transaction 1 April 2019
Nature of transaction On-market sale of shares
Class of Share Ordinary shares
Price per Share R22.6072
Total number of Shares sold 130 846
Total value of Shares sold R2 958 061.69
Clearance obtained in terms of paragraph 3.66 of the Listings Yes
Requirements and in accordance with the Company’s
Remuneration Policy
Johannesburg
3 April 2019
Sponsor
One Capital
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