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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” or “Company”)
DIRECTORS’ DEALINGS IN SECURITIES
1. ALLOCTION OF PERFORMANCE SHARES
In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited (“Listings
Requirements”), we hereby advise of the following acceptances of performance shares
(“Performance Shares”), which may be settled in cash or Metair ordinary shares, in terms of The
Metair Investments Limited 2009 Share Plan (“Share Plan”), by directors of the Company and its
major subsidiaries (“Participants”).
The terms and conditions of the Performance Shares are:
Date of award 2 April 2015
Number of Performance Shares awarded 70 417
to participants
Price paid per Performance Share Nil
Total value of transaction Nil
Allocation price per Performance Share R33.90
Class of securities Ordinary shares
Nature of transaction Acceptance of Performance Shares
Nature of interest Direct beneficial
Vesting date 2 April 2018
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 nature of the interest of all Participants is direct beneficial. The Performance Shares were
accepted by the following Participants:
Director Company name No. of Deemed value
Performance of
Shares Performance
accepted Shares
(Rand)
Mr L. Denner Mutlu Holding Anonim 14 240 482 736.00
Sirketi (“Mutlu
Holding”)
Mr C.J. Janse van Mutlu Holding 4 762 161 431.80
Rensburg
Director Company name No. of Deemed value
Performance of
Shares Performance
accepted Shares
(Rand)
Mr K.E. Lello Metair 13 431 455 310.90
Mr S. Douwenga Metair 10 135 343 576.50
Mr C.T. Loock Metair 27 849 944 081.10
2. Settlement of Performance and Bonus Shares
Metair herewith advises of the settlement of Performance Shares and bonus shares (“Bonus
Shares”) conditionally granted on 4 April 2012 to certain participants. The Performance Shares
and Bonus Shares were awarded in terms of 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 4 April 2012
Date Performance Shares settled 7 April 2015
Total number of Performance Shares 46 256
settled on 7 April 2015
Price paid per Performance Share Nil
Deemed value of the Performance Shares R1 579 642.40
on settlement (based on the prevailing
market price being the closing price for
Metair shares on 2 April 2015 of 3 415
cents per share)
Class of securities Ordinary shares
Nature of transaction Settlement of Performance Shares
Vesting date 7 April 2015
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 4 April 2012
Date Bonus Shares settled 7 April 2015
Total number of Bonus Shares settled on 37 305
7 April 2015
Price paid per Bonus Share Nil
Deemed value of the Bonus Shares on R1 273 965.75
settlement (based on the prevailing market
price being the closing price for Metair
shares on 2 April 2015 of 3 415 cents per
share)
Class of securities Ordinary shares
Nature of transaction Settlement of Bonus Shares
Vesting date 7 April 2015
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 10 420 355 843.00
Sirketi (“Mutlu
Holding”)
Mr C.J. Janse van Mutlu Holding 3 900 133 185.00
Rensburg
Mr K.E. Lello Metair 10 665 364 209.75
Mr C.T. Loock Metair 21 271 726 404.65
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 7 164 244 650.60
Mr C.J. Janse van Mutlu Holding 4 919 167 983.85
Rensburg
Mr K.E. Lello Metair 7 255 247 758.25
Mr C.T. Loock Metair 17 967 613 573.05
3. 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 8 April 2015 at a share price of R34.20
(“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 17 584 601 372.80
Mr C.J. Janse van
Mutlu Holding 8 819 301 609.80
Rensburg
Mr K.E. Lello Metair 17 920 612 864.00
Mr C.T. Loock Metair 39 238 1 341 939.60
Johannesburg
10 April 2015
Sponsor
One Capital
Date: 10/04/2015 09:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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