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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 26 September 2011, 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.
Metair further advises of the settlement of bonus shares (“Bonus Shares”) conditionally granted on 26 September 2011 to
certain Participants. The Bonus Shares were awarded in terms of the Share Plan. In terms of the provisions of the Share Plan,
the Bonus Shares are to be settled following vesting.
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 29
September 2014.
DETAILS OF SALE OF SHARES
Date of transaction 29 September 2014
Nature of transaction On-market sale of Shares
Class of Share Ordinary shares
Price per Share R33.5290
Total number of Shares sold 141 425
Total value of Shares sold R4 741 838.83
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 52 497
Deemed value of Share Appreciation Rights on exercise R1 762 849.26 at a price of R33.58 per Share being the
previous day’s closing price as at the exercise date
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 26 September 2011
Date of Share Appreciation Rights exercised 26 September 2014
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:
Director Company name No. of Share Deemed value No. of Value of Nature of
Appreciation of Share Shares Shares interest
Rights Appreciation sold sold
exercised Rights (Rand)
exercised
(Rand)
Mr A. Webb Metindustrial (Pty) Ltd 1 977 66 387.66 1 997 66 286.83 Direct beneficial
Mr M. Slattery Metindustrial (Pty) Ltd 2 102 70 585.16 2 102 70 477.96 Direct beneficial
Mr R. Metindustrial (Pty) Ltd
2 117 71 088.86 2 117 70 980.89 Direct beneficial
Bezuidenhout
Ms H. McLachlan Metindustrial (Pty) Ltd 2 188 73 473.04 0 0 Direct beneficial
Mr A. Becker Metindustrial (Pty) Ltd 6 308 211 822.64 6 308 211 500.93 Direct beneficial
Mr B. Sivlal Metindustrial (Pty) Ltd 2 308 77 502.64 0 0 Direct beneficial
Mr C. Ellison Metindustrial (Pty) Ltd 1 986 66 689.88 1 986 66 588.59 Direct beneficial
Mr M. Barley Metindustrial (Pty) Ltd 2 178 73 137.24 2 178 73 026.16 Direct beneficial
Mr N. Mavhungu Metindustrial (Pty) Ltd 2 144 71 995.52 2 144 71 886.18 Direct beneficial
Dr L. Denner Mutlu Holding Anonim
6 860 230 358.80 6 860 230 008.94 Direct beneficial
Sirketi
Mr C.J. Janse van Mutlu Holding Anonim
1 398 46 944.84 0 0 Direct beneficial
Rensburg Sirketi
Mr C.T. Loock Metair 13 910 467 097.80 13 910 466 388.39 Direct beneficial
Mr K. Lello Metair 7 021 235 765.18 2 808 94 149.43 Direct beneficial
DETAILS OF THE EXERCISE OF THE BONUS SHARES
Total number of shares exercised 99 035
Deemed value of the Bonus Shares on exercise R3 325 595.30 at a price of R33.58 per Share being the
previous day’s closing price as at the exercise date
Class of securities Ordinary shares
Nature of transaction Off-market acquisition of Shares pursuant to the exercise of
Bonus Shares at no cost
Date of award 26 September 2011
Date Bonus Shares exercised 26 September 2014
Vesting period Bonus Shares vest on the third anniversary of the award
date
Written clearance to deal obtained Yes
Details of the exercise of the Bonus Shares for the Participant, the related receipt of Shares and sale of Share are tabled below:
Director Company name No. of Bonus Deemed value of No. of Value of Nature of
Shares exercised shares Shares Shares sold interest
exercised (Rand) sold (Rand)
Mr C.T. Loock Metair 99 035 3 325 595.30 99 035 3 320 544.52 Direct beneficial
Johannesburg
30 September 2014
Sponsor
One Capital
Date: 30/09/2014 05:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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