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MiX Telematics and Powerfleet to present at the Raymond James TMT and Consumer Conference on December 5, 2023
MIX TELEMATICS LIMITED POWERFLEET, INC.
(Incorporated in the South Africa) (Incorporated in the State of Delaware, USA)
(Registration number 1995/013858/06) Nasdaq share code: PWFL
JSE share code: MIX ISIN: US73931J1097
ISIN: ZAE000125316 ("Powerfleet")
NYSE share code: MIXT
("MiX Telematics" or "MiX")
MiX TELEMATICS AND POWERFLEET TO PRESENT AT THE RAYMOND JAMES TMT AND CONSUMER CONFERENCE ON DECEMBER 5, 2023
BOCA RATON, Fla. and WOODCLIFF LAKE, N.J., November 29, 2023 - MiX Telematics Limited
(NYSE: MIXT, JSE: MIX) and Powerfleet (Nasdaq: PWFL) announced that they will be presenting at the
Raymond James TMT and Consumer Conference being held December 4-6, 2023, at the Lotte New York
Palace in New York, NY.
MiX Telematics CEO Stefan Joselowitz and CFO Paul Dell alongside Powerfleet CFO David Wilson will be
attending the event. MiX Telematics and Powerfleet previously announced a business combination, which is
expected to create one of the largest mobile asset Internet of Things (IoT) Software-as-a-Service (SaaS)
providers in the world.
Management from MiX Telematics and Powerfleet are scheduled to present on Tuesday, December 5, 2023,
at 9:45 a.m. Eastern time, with one-on-one meetings held throughout the event. The presentation will be
broadcast live and available for replay
https://wsw.com/webcast/rj128/register.aspx?conf=rj128&page=mixt&url=https://wsw.com/webcast/rj128/m
ixt/1628046 and via the respective investor relations sections of the companies' websites.
To receive additional information, request an invitation or to schedule a one-on-one meeting, please contact
your Raymond James representative or MiX Telematics' investor relations team at MIXT@gateway-grp.com.
ABOUT MIX TELEMATICS
MiX Telematics is a leading global provider of fleet and mobile asset management solutions delivered as SaaS
to over 1 million global subscribers spanning more than 120 countries. The company's products and services
provide enterprise fleets, small fleets, and consumers with efficiency, safety, compliance, and security
solutions. MiX Telematics was founded in 1996 and has offices in South Africa, the United Kingdom, the
United States, Uganda, Brazil, Mexico and Australasia as well as a network of more than 130 fleet partners
worldwide. MiX Telematics shares are publicly traded on the Johannesburg Stock Exchange ("JSE") (JSE:MIX)
and the New York Stock Exchange (NYSE: MIXT). For more information, visit www.mixtelematics.com.
ABOUT POWERFLEET
Powerfleet (Nasdaq: PWFL; TASE: PWFL) is a global leader of internet of things (IoT) software-as-a-service
(SaaS) solutions that optimize the performance of mobile assets and resources to unify business operations.
Our data science insights and advanced modular software solutions help drive digital transformation through
our customers' and partners' ecosystems to help save lives, time, and money. We help connect companies,
enabling customers and their customers to realize more effective strategies and results. Powerfleet's tenured
and talented team is at the heart of our approach to partnership and tangible success. The company is
headquartered in Woodcliff Lake, New Jersey, with our Pointer Innovation Center (PIC) in Israel and field
offices around the globe. For more information, please visit www.powerfleet.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws.
Powerfleet's, MiX's and the combined business's actual results may differ from their expectations, estimates
and projections and consequently, you should not rely on these forward-looking statements as predictions of
future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend,"
"plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar
expressions are intended to identify such forward-looking statements.
These forward-looking statements include, without limitation, the parties' expectations with respect to their
beliefs, plans, goals, objectives, expectations, anticipations, assumptions, estimates, intentions and future
performance, as well as anticipated financial impacts of the proposed transaction, the satisfaction of the closing
conditions to the proposed transaction and the timing of the completion of the proposed transaction. Forward-
looking statements involve significant known and unknown risks, uncertainties and other factors, which may
cause their actual results, performance or achievements to be materially different from the future results,
performance or achievements expressed or implied by such forward-looking statements. All statements other
than statements of historical fact are statements that could be forward-looking statements. Most of these factors
are outside the parties' control and are difficult to predict. The risks and uncertainties referred to above include,
but are not limited to, risks related to: (i) the completion of the proposed transaction in the anticipated
timeframe or at all; (ii) the satisfaction of the closing conditions to the proposed transaction including, but not
limited to the ability to obtain approval of the stockholders of Powerfleet and shareholders of MiX and the
ability to obtain financing; (iii) the failure to obtain necessary regulatory approvals; (iv) the ability to realize
the anticipated benefits of the proposed transaction; (v) the ability to successfully integrate the businesses; (vi)
disruption from the proposed transaction making it more difficult to maintain business and operational
relationships; (vii) the negative effects of the announcement of the proposed transaction or the consummation
of the proposed transaction on the market price of MiX's or Powerfleet's securities; (viii) significant transaction
costs and unknown liabilities; (ix) litigation or regulatory actions related to the proposed transaction; and (x)
such other factors as are set forth in the periodic reports filed by MiX and Powerfleet with the Securities and
Exchange Commission ("SEC"), including but not limited to those described under the heading "Risk Factors"
in their annual reports on Form 10-K, quarterly reports on Form 10-Q and any other filings made with the
SEC from time to time, which are available via the SEC's website at http://www.sec.gov. Should one or more
of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results
may vary materially from those indicated or anticipated by these forward-looking statements. Therefore, you
should not rely on any of these forward-looking statements.
The forward-looking statements included in this press release are made only as of the date of this press release,
and except as otherwise required by applicable securities law, neither MiX nor Powerfleet assumes any
obligation nor do they intend to publicly update or revise any forward-looking statements to reflect subsequent
events or circumstances.
ADDITIONAL INFORMATION AND WHERE TO FIND IT
In connection with the proposed transaction, Powerfleet filed a registration statement on Form S-4 with the
SEC that includes a joint proxy statement of Powerfleet and MiX and a prospectus of Powerfleet.
Additionally, MiX is preparing a scheme circular for MiX shareholders in accordance with the Companies Act
of South Africa (including the Companies Act Regulations, 2011 thereunder) and the JSE Listings
Requirements, including a notice of general meeting convening a shareholder meeting at which MiX
shareholders will be asked to vote on the proposed transaction, which, together with the Powerfleet prospectus,
will contain all relevant information for MiX shareholders voting on the proposed transaction. The scheme
circular will be issued to MiX shareholders together with the joint proxy statement and the Powerfleet
prospectus. If you hold MiX ordinary shares through an intermediary such as a broker/dealer or clearing
agency, or if you hold MiX ADSs, you should consult with your intermediary or The Bank of New York
Mellon, the depositary for the MiX ADSs, as applicable, about how to obtain information on the MiX
shareholder meeting.
After Powerfleet's registration statement has been declared effective by the SEC, Powerfleet will send the
definitive proxy statement/prospectus to the Powerfleet shareholders entitled to vote at the meeting relating to
the proposed transaction, and MiX will send the scheme circular, together with the definitive proxy statement
and Powerfleet prospectus, to MiX shareholders entitled to vote at the meeting relating to the proposed
transaction. MiX and Powerfleet may file other relevant materials with the SEC in connection with the
proposed transaction. INVESTORS AND SHAREHOLDERS ARE URGED TO READ THEREGISTRATION STATEMENT, JOINT PROXY
STATEMENT/PROSPECTUS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO AND ANY DOCUMENTS INCORPORATED BY
REFERENCE THEREIN), THE SCHEME CIRCULAR AND OTHER DOCUMENTS THAT MAY BE FILED WITH THE SEC CAREFULLY AND IN
THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE
PROPOSED TRANSACTION. Investors and shareholders will be able to obtain free copies of these
documents (if and when available) and other documents containing important information about Powerfleet
and MiX once such documents are filed with the SEC through the website maintained by the SEC at
www.sec.gov. Powerfleet or MiX make available copies of materials they file with, or furnish to, the SEC free
of charge at https://ir.powerfleet.com and http://investor.mixtelematics.com, respectively.
NO OFFER OR SOLICITATION
This communication shall not constitute an offer to buy or sell any securities, or the solicitation of an offer to
buy or sell any securities, nor shall there be any sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any
such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as amended.
PARTICIPANTS IN THE SOLICITATION
Powerfleet, MiX and their respective directors, executive officers and certain employees and other persons
may be deemed to be participants in the solicitation of proxies from the shareholders of Powerfleet and MiX
in connection with the proposed transaction. Information regarding the persons who may, under the rules of
the SEC, be deemed participants in the solicitation of the securityholders in connection with the proposed
transaction is set forth in the joint proxy statement/prospectus included in the registration statement on Form
S-4 filed by Powerfleet with the SEC on November 17, 2023. Securityholders may obtain information
regarding the names, affiliations and interests of Powerfleet's directors and executive officers in its Annual
Report on Form 10-K for the fiscal year ended December 31, 2022, which was filed with the SEC on March
31, 2023, its amended Annual Report on Form 10-K/A for the year ended December 31, 2022, which was filed
with the SEC on May 1, 2023, and its definitive proxy statement for its 2023 annual meeting of stockholders,
which was filed with the SEC on June 21, 2023. Securityholders may obtain information regarding the names,
affiliations and interests of MiX's directors and executive officers in its Annual Report on Form 10-K for the
year ended March 31, 2023, which was filed with the SEC on June 22, 2023, and its definitive proxy statement
for its 2023 annual general meeting of shareholders, which was filed with the SEC on July 28, 2023.. Investors
should read the joint proxy statement/prospectus and other relevant materials filed with the SEC regarding the
proposed transaction carefully before making any voting or investment decisions. You may obtain free copies
of these documents from Powerfleet or MiX using the sources indicated above.
RESPONSIBILITY STATEMENTS
The independent board of MiX (to the extent that the information relates to MiX) collectively and individually
accept responsibility for the information contained in this announcement and certify that, to the best of their
knowledge and belief, the information contained in this announcement relating to MiX is true and this
announcement does not omit anything that is likely to affect the importance of such information.
The board of directors of Powerfleet (to the extent that the information relates to Powerfleet) collectively and
individually accept responsibility for the information contained in this announcement and certify that to the
best of their knowledge and belief, the information contained in this announcement relating to Powerfleet is
true and this announcement does not omit anything that is likely to affect the importance of such information.
MiX Telematics Investor Contact
Cody Cree
Gateway Group, Inc.
+1 (949) 574-3860
MIXT@gateway-grp.com
MiX Telematics Media Contact
Jonathan Bates
jonathan.bates@mixtelematics.com
+44 7921 242892
Powerfleet Investor Contact
Matt Glover
Gateway Group, Inc.
PWFL@gateway-grp.com
+1 (949) 574-3860
Powerfleet Media Contact
Andrea Hayton
ahayton@powerfleet.com
+1 (610) 401-1999
29 November 2023
Corporate advisor and sponsor to MiX
Java Capital
Date: 29-11-2023 05:30:00
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