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Directors’ 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”)
DIRECTORS’ 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 off-market transactions by directors of Metair and its major subsidiaries are hereby disclosed.
On 25 November 2010, Metair ordinary shares ("Shares") were conditionally granted (“Share Appreciation Rights”), to certain
of the directors of Metair and its major subsidiaries (“Participants”) in accordance with The Metair Investments Limited 2009
Share Plan (“Share Plan”). These Share Appreciation Rights have partially vested and have been exercised by the Participants
pursuant to which the Participants received Shares at no cost.
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
27 November 2015.
DETAILS OF SALE OF SHARES
Date of transaction 27 November 2015
Nature of transaction On-market sale of Shares
Class of Share Ordinary shares
Price per Share R25.9711
Total number of Shares sold 30 997
Total value of Shares sold R805 026.19
Written clearance to deal obtained Yes
Further details of the exercise of the Share Appreciation Rights, the related receipt of Shares and sale of Shares are provided
below:
DETAILS OF EXERCISE OF SHARE APPRECIATION RIGHTS
Total number of Shares exercised 30 997
Deemed value of Share Appreciation Rights on exercise R881 244.71 at a price of R28.43 per Share, being the 20 day
VWAP as at the 25 November 2015
Class of securities Ordinary shares
Nature of transaction Off-market acquisition of Shares pursuant to the exercise of
Share Appreciation Rights at no cost
Date of award 25 November 2010
Date of Share Appreciation Rights exercised 25 November 2015
Vesting period In equal thirds on the 3rd, 4th and 5th anniversaries but need
not be exercised until the 6th anniversary
Written clearance to deal obtained Yes
Details of the exercise of the Share Appreciation Rights, the related receipt of Shares and sale of Shares by directors of Metair
and its major subsidiaries who were Participants are tabled below. The nature of the interest of all Participants is direct
beneficial.
Director Company name No. of Share Deemed value No. of Shares Value of Shares
Appreciation of Share sold sold
Rights Appreciation (Rand)
exercised Rights
exercised
(Rand)
Dr L. Denner Mutlu Holding
9 362 266 161.66 9 362 243 141.44
Anonim Sirketi
Mr C.J. Janse van Mutlu Holding
2 002 56 916.86 2 002 51 994.14
Rensburg Anonim Sirketi
Mr C.T. Loock Metair 19 633 558 166.19 19 633 509 890.61
The terms and conditions of the allocation of the Share Appreciation Rights per Participant are set out below.
DETAILS OF ALLOCATION OF SHARE APPRECIATION RIGHTS
Date of award 26 November 2015
Number of Share Appreciation Rights awarded to Participants 138 029
Price paid per Share Appreciation Rights Nil
Total value of transaction Nil
Allocation price per Share Appreciation Rights R28.30
Nature of transaction Acceptance of awards
First vesting date 26 November 2018
Vesting period In equal thirds on 3rd, 4th and 5th anniversaries but need not
be exercised until the 6th anniversary
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 Share Appreciation Rights per Participant are set out below. The nature of the interest of all
Participants is direct beneficial.
No. of Share Appreciation Rights
Director Company name
accepted
Dr L. Denner Mutlu Holding Anonim Sirketi 35 958
Mr C.J. Janse van Rensburg Mutlu Holding Anonim Sirketi 6 552
Mr C.T. Loock Metair 69 909
Mr S. Douwenga Metair 25 610
Johannesburg
30 November 2015
Sponsor
One Capital
Date: 30/11/2015 01:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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