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METROFILE HOLDINGS LIMITED - Dealings

Release Date: 25/10/2013 11:42
Code(s): MFL     PDF:  
Wrap Text
Dealings

Metrofile Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1983/012697/06)
Share code: MFL
ISIN Code: ZAE000061727
("Metrofile Holdings" or "the Company")

LISTING OF ADDITIONAL SHARES AND DEALINGS IN SECURITIES BY DIRECTORS
OF METROFILE AND ITS MAJOR SUBSIDIARY:
VESTING OF SHARES IN TERMS OF THE METROFILE SHARE APPRECIATION
RIGHTS SCHEME (“SAR”) AND DEFERRED BONUS PLAN (“DBP”)

Shareholders are advised that the JSE Limited ("JSE") has approved
the listing of an additional 2,987,371 ordinary shares of 0,6146
cents each with effect from the commencement of business on
Thursday, 24 October 2013, at an issue price of 503,00 cents per
share. The shares were issued in order to settle and deliver shares
to participants of the Share Appreciation Rights scheme and the
Deferred Bonus Plan.

In compliance with section 3.63 to 3.74 of the JSE Listings
Requirements, notice is hereby given of transactions in terms of the
vesting of share awards granted under the Metrofile Share
Appreciation Rights scheme (“SAR”) and Deferred Bonus Plan (“DBP”)
in 2010, having met the relevant performance conditions.
SAR & DBP Performance period: The vesting of the SAR & DBP awards is
conditional upon the achievement of group performance targets over a
period of 3 years (01/07/2010 to 30/06/2013)

The following directors and officers dealt in the Company's
securities:

Class of shares:              Ordinary
Nature of interest:           Direct Beneficial
Date of transaction:          24 October 2013
Clearance to deal obtained:   Yes

Name:                         Graham Dunbar Wackrill
Director:                     Metrofile Holdings Limited
Scheme or plan:               Share Appreciation Rights Scheme
Nature of transaction:        Shares vested and issued
Number of shares:             528,387
Price per share:              R 5.03
Total value of transaction:   R 2,657,784.49

Name:                         Graham Dunbar Wackrill
Director:                     Metrofile Holdings Limited
Scheme or plan:               Deferred Bonus Plan
Nature of transaction:        Shares vested and issued
Number of shares:             103,735
Price per share:              R 5.03
Total value of transaction:   R 521,787.05

Name:                         Richard Matthew Buttle
Director:                     Metrofile Holdings Limited
Scheme or plan:               Share Appreciation Rights Scheme
Nature of transaction:        Shares vested and issued
Number of shares:             348,601
Price per share:              R 5.03
Total value of transaction:   R 1,753,462.60

Name:                         Richard Matthew Buttle
Director:                     Metrofile Holdings Limited
Scheme or plan:               Deferred Bonus Plan
Nature of transaction:        Shares vested and issued
Number of shares:             68,784
Price per share:              R 5.03
Total value of transaction:   R 345,983.52

Name:                         Guy Basil Kimble
Director:                     Metrofile Proprietary Limited
Scheme or plan:               Share Appreciation Rights Scheme
Nature of transaction:        Shares vested and issued
Number of shares:             363,288
Price per share:              R 5.03
Total value of transaction:   R 1,827,340.44

Name:                         Various
Senior management:            Metrofile (Proprietary) Limited
Scheme or plan:               Share Appreciation Rights Scheme
Nature of transaction:        Shares vested and issued
Number of shares:             1,574,576
Price per share:              R 5.03
Total value of transaction:   R 7,920,118.88

Clearance to deal in these shares was obtained in accordance with Rule
3.66 of the JSE Listings Requirements.

Class of shares:              Ordinary
Nature of interest:           Direct Beneficial
Date of transaction:          24 October 2013
Clearance to deal obtained:   Yes

Name:                         Graham Dunbar Wackrill
Director:                     Metrofile Holdings Limited
Nature of transaction:        Subsequent off market sale of shares
Number of shares sold:        1,383,090
Price per share:              R 5.03
Total value of transaction:   R 6,956,942.70

Name:                         Richard Matthew Buttle
Director:                     Metrofile Holdings Limited
Nature of transaction:        Subsequent off market sale of shares
Number of shares sold:        482,185
Price per share:              R 5.03
Total value of transaction:   R 2,425,390.55

Name:                         Guy Basil Kimble
Director:                     Metrofile (Proprietary) Limited
Nature of transaction:        Subsequent off market sale of shares
Number of shares sold:        145,315
Price per share:              R 5.03
Total value of transaction:   R 730,934.45

Clearance to deal in these shares was obtained in accordance with
Rule 3.66 of the JSE Listings Requirements.

In addition to the off market sale of shares noted above, the
various other senior managers sold approximately 40% of their shares
issued in respect of the SAR scheme, to fund their tax obligations.
MIC Investment Holdings (Proprietary) Limited (“MIC”), the groups
major shareholder and Black empowerment partner, purchased the
shares from the individuals in an off market transaction at a price
of R 5,03. MIC have increased their shareholding by 2,640,422 shares
increasing their total shareholding to 146,943,473 which equates to
an increase from 34,3% to 34,7% of the total 423,239,994 Metrofile
shares in issue.

The sale of the shares by Mr Graham Wackrill is to facilitate the
tax obligations relating to the SAR and DBP shares received and also
to enable him to diversify his investment portfolio. Mr Wackrill’s
holding in Metrofile shares subsequent to the above transactions
amounts to 5,449,032 shares; in addition rights allocated to Mr
Wackrill with regards to the company’s Share Appreciation Rights
scheme amount to 2,515,920.

The sale of the shares by Mr Richard Buttle is to facilitate the tax
obligations relating to the SAR and DBP shares received and also to
enable him to diversify his investment portfolio. Mr Buttle’s
holding in Metrofile shares subsequent to the above transactions
amounts to 2,935,200 shares; in addition rights allocated to Mr
Buttle with regards to the company’s Share Appreciation Rights
scheme amount to 1,694,711.

The sale of the shares by Mr Guy Kimble is to facilitate the tax
obligations relating to the SAR and DBP shares received. Mr Kimble’s
holding in Metrofile shares subsequent to the above transactions
amounts to 1,129,894 shares; in addition rights allocated to Mr
Kimble with regards to the company’s Share Appreciation Rights
scheme amount to 1,478,313.


Senderwood
25 October 2013

Sponsor
The Standard Bank of South Africa Limited

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