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METAIR INVESTMENTS LIMITED - Directors' dealings in securities

Release Date: 02/04/2013 17:40
Code(s): MTA     PDF:  
Wrap Text
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” or “the Company”)

DIRECTORS’ DEALINGS IN SECURITIES

In terms of paragraph 3.63 of the JSE Limited Listings Requirements
(“Listings Requirements”), we hereby advise of the following acceptances of
performance shares and bonus shares, which may be settled in cash or Metair
shares, in terms of The Metair Investments Limited 2009 Share Plan, by
directors of the Company and its major subsidiaries (“Participants”).

The terms and conditions of the bonus shares are:

Date of award                          2 April 2013
Number of bonus shares awarded to      171,303
Participants
Price paid per bonus share             Nil
Total value of transaction             Nil
Class of securities                    Bonus shares over ordinary shares
Nature of transaction                  Acceptance of awards
Vesting date                           2 April 2016
Vesting period                         100% vesting on 3rd anniversary of the
                                       award
Transaction completed on market        No
Clearance   obtained   in   terms   of Yes
paragraph   3.66   of   the   Listings
Requirements

The terms and conditions of the performance shares are:


Date of award                          2 April 2013
Number of performance shares awarded   126,310
to Participants
Price paid per performance share       Nil
Total value of transaction             Nil
Class of securities                    Performance   shares   over  ordinary
                                       shares
Nature of transaction                  Acceptance of awards
Vesting date                           2 April 2016
Vesting period                         Performance shares will vest on the
                                       3rd anniversary of their award to the
                                       extent that the Company has met
                                       specified performance criteria over
                                       the intervening period
Transaction completed on market        No
Clearance   obtained   in   terms   of Yes
paragraph   3.66   of   the   Listings
Requirements

The bonus shares and performance shares were accepted by the following
Participants:

                                     No. of     No. of
                                     bonus      performance
                                     shares     shares          Nature of
Director             Company name    accepted   accepted        interest
                     Smiths
                     Manufacturing                              Direct
Mr K. Lello          (Pty) Ltd          15,143 9,932            beneficial
                     Smiths
                     Manufacturing                              Direct
Mr S. Camphor        (Pty) Ltd                  3,586           beneficial
                     Smiths
                     Manufacturing                              Direct
Mr F. Ziemkendorf    (Pty) Ltd           2,594 3,700            beneficial
                     Smiths
                     Manufacturing                              Direct
Mr J. Esterhuizen    (Pty) Ltd           9,435 5,585            beneficial
                     Smiths
                     Manufacturing                              Direct
Mr S. Konar          (Pty) Ltd           3,606 3,967            beneficial
                     Smiths
                     Manufacturing                              Direct
Mr N. Oxenham        (Pty) Ltd           3,494 3,873            beneficial
                     Smiths
                     Manufacturing                              Direct
Mr P. Vermaak        (Pty) Ltd           3,097 3,559            beneficial
                     Metindustrial                              Direct
Mr L. Denner         (Pty) Ltd          12,531 9,855            beneficial
                     Metindustrial                              Direct
Ms H. McLachlan      (Pty) Ltd           7,471 4,425            beneficial
                     Metindustrial                              Direct
Mr R. Bezuidenhout   (Pty) Ltd           6,975 4,242            beneficial
                     Metindustrial                              Direct
Mr J. Ward           (Pty) Ltd           1,473 3,162            beneficial
                     Metindustrial                              Direct
Mr A. Webb           (Pty) Ltd           6,531 3,958            beneficial
                     Metindustrial                              Direct
Mr M. Slattery       (Pty) Ltd           6,898 4,209            beneficial
                     Metindustrial                              Direct
Mr N. Mavhungu       (Pty) Ltd           3,193 4,297            beneficial
                                 No. of     No. of
                                 bonus      performance
                                 shares     shares        Nature of
Director         Company name    accepted   accepted      interest
                 Metindustrial                            Direct
Mr C. Mahlanu    (Pty) Ltd             920 2,421          beneficial
                 Metindustrial                            Direct
Mr A. Becker     (Pty) Ltd          14,012 8,865          beneficial
                 Metindustrial                            Direct
Mr B. Sivlal     (Pty) Ltd           8,760 4,705          beneficial
                 Metindustrial                            Direct
Mr C. Ellison    (Pty) Ltd           7,418 3,911          beneficial
                 Metindustrial                            Direct
Mr M. de Lange   (Pty) Ltd           1,875 4,826          beneficial
                 Metindustrial                            Direct
Mr M. Barley     (Pty) Ltd           8,111 4,350          beneficial
                                                          Direct
Mr C.T. Loock    Metair             30,222 19,962         beneficial
                                                          Direct
Mr B.M. Jacobs   Metair             17,544 8,920          beneficial



Johannesburg
2 April 2013

Sponsor:
One Capital

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