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MTA - Metair Investments Limited - Dealings in Metair Securities By Directors

Release Date: 18/03/2011 17:30
Code(s): MTA
Wrap Text

MTA - Metair Investments Limited - Dealings in Metair Securities By Directors 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") DEALINGS IN METAIR SECURITIES BY DIRECTORS In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited ("Listings Requirements"), we hereby advise of the following dealings in Metair shares (bonus shares and performance shares) by directors of the Company and its major subsidiaries in terms of The Metair Investments Limited 2009 Share Plan, which awards, may be settled in cash or Metair shares. The terms and conditions of the bonus shares are: Date of award 17 March 2011 Total number of bonus shares 133 554 Price paid per bonus share Nil Total value of transaction Nil Nature of transaction Acceptance of awards Vesting date 17 March 2014 Vesting Period 100% vesting on the 3rd anniversary of the award Transaction completed on market No Clearance obtained in terms of Yes paragraph 3.66 of the Listings Requirements These bonus shares were accepted by the following directors of Metair and its major subsidiaries: Director Company name No. of Nature of bonus interest shares accepted
Mr B.M. Jacobs Metair 17 251 Direct beneficial Mr C.T. Loock Metair 25 961 Direct beneficial
Mr K. Lello Smiths Manufacturing (Pty) 10 158 Direct Ltd beneficial Mr J. Smiths Manufacturing (Pty) 7 909 Direct Esterhuizen Ltd beneficial Mr T. Lane Smiths Manufacturing (Pty) 7 954 Direct Ltd beneficial Mr A. Becker Metindustrial (Pty) Ltd 5 383 Direct beneficial
Mr B. Sivlal Metindustrial (Pty) Ltd 3 762 Direct beneficial Mr M. Barley Metindustrial (Pty) Ltd 3 492 Direct beneficial
Mr C. Ellison Metindustrial (Pty) Ltd 3 246 Direct beneficial Mr L. Denner Metindustrial (Pty) Ltd 11 283 Direct beneficial
Ms H. McLachlan Metindustrial (Pty) Ltd 7 826 Direct beneficial Mr M. Slattery Metindustrial (Pty) Ltd 7 177 Direct beneficial
Mr R. Metindustrial (Pty) Ltd 7 211 Direct Bezuidenhout beneficial Mr A. Webb Metindustrial (Pty) Ltd 6 638 Direct beneficial
Mr T. Cross Metindustrial (Pty) Ltd 8 303 Direct beneficial Terms and conditions of the performance shares are: Date of award 17 March 2011 Total number of performance shares 226 424 Price paid per performance share Nil Total value of transaction Nil Nature of transaction Acceptance of awards Vesting date 17 March 2014 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 These performance shares were accepted by the following directors of Metair and its major subsidiaries: Director Company name No. of Nature of performance interest shares accepted
Mr B.M. Jacobs Metair 19 838 Direct beneficial Mr C.T. Loock Metair 43 451 Direct beneficial
Mr K. Lello Smiths Manufacturing (Pty) 21 562 Direct Ltd beneficial Mr J. Smiths Manufacturing (Pty) 12 004 Direct Esterhuizen Ltd beneficial Mr T. Lane Smiths Manufacturing (Pty) 11 646 Direct Ltd beneficial Mr A. Becker Metindustrial (Pty) Ltd 20 146 Direct beneficial
Mr B. Sivlal Metindustrial (Pty) Ltd 10 477 Direct beneficial Mr M. Barley Metindustrial (Pty) Ltd 9 824 Direct beneficial
Mr C. Ellison Metindustrial (Pty) Ltd 8 967 Direct beneficial Mr L. Denner Metindustrial (Pty) Ltd 20 584 Direct beneficial
Ms H. McLachlan Metindustrial (Pty) Ltd 9 732 Direct beneficial Mr M. Slattery Metindustrial (Pty) Ltd 9 347 Direct beneficial
Mr R. Metindustrial (Pty) Ltd 9 420 Direct Bezuidenhout beneficial Mr A. Webb Metindustrial (Pty) Ltd 8 797 Direct beneficial
Mr T. Cross Metindustrial (Pty) Ltd 10 629 Direct beneficial The following information regarding a transaction by a director is disclosed: Director: A Joffe Company of which he is a director: Metair Date of transaction: 17 March 2011 Class of securities Ordinary shares
Nature of transaction: Acquisition of an indirect beneficial interest in Metair securities Nature and extent of interest: The acquisition by Mr Joffe of a shareholding in CoroCapital (Pty) Ltd which resulted in Mr Joffe holding an indirect beneficial interest in 1 626 171 Metair securities
Value of transaction: There is no value attributable to the transaction as Mr Joffe did not transact directly in Metair
securities. Notwithstanding this, in compliance with paragraph 3.63(b)(iv) of the Listings Requirements, the deemed value of the transaction,
based on the prevailing market price (Metair`s closing price on 17 March 2011 of 1332 cents per share) is R21 660 597.72
Confirmation of on-market or off- Given the nature of this transaction, market: no on-market or off-market transaction took place
Written clearance to deal received: Yes Johannesburg 18 March 2011 Sponsor: Barnard Jacobs Mellet Corporate Finance (Pty) Limited Date: 18/03/2011 17:30:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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