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METAIR INVESTMENTS LIMITED - Directors' dealings in securities

Release Date: 03/04/2014 15:00
Code(s): MTA     PDF:  
Wrap Text
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 the “Company”)

DIRECTORS’ DEALINGS IN SECURITIES

In terms of paragraph 3.63 of the JSE Limited Listings Requirements
(“Listings Requirements”), we hereby advise of the following acceptances of
share appreciation rights (“SARs”) and performance shares, which may be
settled in cash or Metair ordinary shares, in terms of The Metair Investments
Limited 2009 Share Plan, by directors of the Company and its major
subsidiaries (“Participants”).

The terms and conditions of the share appreciation rights are:

Date of award                          2 April 2014
Number of SARs awarded to              201 395
Participants
Price paid per SAR                     Nil
Total value of transaction             Nil
Allocation price per SAR               R42.77
Nature of transaction                  Acceptance of awards
First vesting date                     3 April 2017
Vesting period                         In equal thirds on 3rd, 4th and 5th
                                       anniversaries   but    need   not   be
                                       exercised until the 6th anniversary
Transaction completed on market        No
Clearance   obtained   in   terms of   Yes
paragraph 3.66 of the Listings
Requirements

The terms and conditions of the performance shares are:

Date of award                                           2 April 2014
Number of performance shares awarded                    121 564
to Participants
Price paid per performance share                        Nil
Total value of transaction                              Nil
Class of securities                                     Performance   shares   over  ordinary
                                                        shares
Nature of transaction                                   Acceptance of awards
Vesting date                                            3 April 2017
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

The SARs and performance shares were accepted by the following Participants:

                                                                   No. of
                                                      No. of    performance
                                                       SARs        shares      Nature of
Director                         Company name        accepted     accepted      interest
                                 Metindustrial                                Direct
Mr K. Lello                      (Pty) Ltd           19 519     10 646        beneficial
                                 Metindustrial                                Direct
Mr R. Bezuidenhout               (Pty) Ltd           11 321     6 143         beneficial
                                 Metindustrial                                Direct
Mrs H. McLachlan                 (Pty) Ltd           5 456      3 841         beneficial
                                 Metindustrial                                Direct
Mr M. Slattery                   (Pty) Ltd           5 190      3 654         beneficial
                                 Metindustrial                                Direct
Mr A. Webb                       (Pty) Ltd           4 880      3 436         beneficial
                                 Metindustrial                                Direct
Mr J. Ward                       (Pty) Ltd           3 137      2 854         beneficial
                                 Metindustrial                                Direct
Mr N. Mavhungu                   (Pty) Ltd           5 298      3 730         beneficial
                                 Metindustrial                                Direct
Mr MC. Mahlanu                   (Pty) Ltd           2 882      2 623         beneficial
                                 Metindustrial                                Direct
Mr A. Becker                     (Pty) Ltd           15 531     7 695         beneficial
                                 Metindustrial                                Direct
Mr B. Sivlal                     (Pty) Ltd           5 801      4 084         beneficial
                                 Metindustrial                                Direct
Mr C. Ellison                    (Pty) Ltd           4 821      3 395         beneficial
                                 Metindustrial                                Direct
Mr M. de Lange                   (Pty) Ltd           6 166      4 341         beneficial
                                 Metindustrial                                Direct
Mr M. Barley                     (Pty) Ltd           5 363      3 776         beneficial
                                 Mutlu Holding                                Direct
Dr L. Denner                     Anonim Sirketi      38 850     21 098        beneficial
Mr C.J.J. van                    Mutlu Holding                                Direct
Rensburg                         Anonim Sirketi      3 700      3 527         beneficial
                                                                              Direct
Mr C.T. Loock                    Metair              34 744     20 629        beneficial
                                                                              Direct
Mr S. Douwenga                   Metair              22 252     12 358        beneficial


Johannesburg
3 April 2014

Sponsor:
One Capital


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