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MPACT LIMITED - Dealing in securities by directors, prescribed officers and the company secretary

Release Date: 06/06/2014 11:21
Code(s): MPT     PDF:  
Wrap Text
Dealing in securities by directors, prescribed officers and the company secretary

Mpact Limited
(Incorporated in the Republic of South Africa)
(Registration number 2004/025229/06)
JSE share code: MPT ISIN: ZAE000156501
("the Company")

DEALINGS IN SECURITIES BY DIRECTORS, PRESCRIBED OFFICERS AND THE COMPANY
SECRETARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

ACCEPTANCE OF PERFORMANCE SHARE AWARDS TO DIRECTORS AND PRESCRIBED OFFICERS

DIRECTORS OF THE COMPANY

Name                           :     BW Strong
Office held                    :     Chief Executive Officer
Company                        :     Mpact Limited
Date of transaction            :     5 June 2014
Nature of transaction          :     Off-market acceptance of conditional
                                     performance share awards vesting in March
                                     2017 subject to the achievement of agreed
                                     targets
Class of securities            :     Ordinary shares
Number of performance shares   :     84,377
Award price                    :     R26.84
Total value of award           :     R2,264,678.68
Nature of interest             :     Direct beneficial
Clearance obtained             :     Yes

Name                           :     BDV Clark
Office held                    :     Chief Financial Officer
Company                        :     Mpact Limited
Date of transaction            :     5 June 2014
Nature of transaction          :     Off-market acceptance of conditional
                                     performance share awards vesting in March
                                     2017 subject to the achievement of agreed
                                     targets
Class of securities            :     Ordinary shares
Number of performance shares   :     63,595
Award price                    :     R26.84
Total value of award           :     R1,706,889.80
Nature of interest             :     Direct beneficial
Clearance obtained             :     Yes

PRESCRIBED OFFICERS OF THE COMPANY

Name                           :     RP von Veh
Office held                    :     Managing Director – Corrugated Division
Company                        :     Mpact Limited
Date of transaction            :     5 June 2014
Nature of transaction          :     Off-market acceptance of conditional
                                     performance share awards vesting in March
                                     2017 subject to the achievement of agreed
                                     targets
Class of securities            :     Ordinary shares
Number of performance shares   :     68,926
Award price                    :     R26.84
Total value of award           :     R1,849,973.84
Nature of interest             :     Direct beneficial
Clearance obtained             :     Yes

Name                           :     HM Thompson
Office held                    :     Managing Director – Paper Manufacturing
                                     Division
Company                        :     Mpact Limited
Date of transaction            :     5 June 2014
Nature of transaction          :     Off-market acceptance of conditional
                                     performance share awards vesting in March
                                     2017 subject to the achievement of agreed
                                     targets
Class of securities            :     Ordinary shares
Number of performance shares   :     58,012
Award price                    :     R26.84
Total value of award           :     R1,557,042.08
Nature of interest             :     Direct beneficial
Clearance obtained             :     Yes

Name                           :     N Naidoo
Office held                    :     Managing Director – Plastics Division
Company                        :     Mpact Limited
Date of transaction            :     5 June 2014
Nature of transaction          :     Off-market acceptance of conditional
                                     performance share awards vesting in March
                                     2017 subject to the achievement of agreed
                                     targets
Class of securities            :     Ordinary shares
Number of performance shares   :     44,430
Award price                    :     R26.84
Total value of award           :     R1,192,501.20
Nature of interest             :     Direct beneficial
Clearance obtained             :     Yes

Name                           :     JW Hunt
Office held                    :     Managing Director
Company                        :     Mpact Recycling (Pty) Ltd
Date of transaction            :     5 June 2014
Nature of transaction          :     Off-market acceptance of conditional
                                     performance share awards vesting in March
                                     2017 subject to the achievement of agreed
                                     targets
Class of securities            :     Ordinary shares
Number of performance shares   :     36,321
Award price                    :     R26.84
Total value of award           :     R974,855.64
Nature of interest             :     Direct beneficial
Clearance obtained             :     Yes

Performance criteria           :     One half on Total Shareholder Return
                                     compared to companies included in the JSE
                                     Packaging Index over three years and one
                                     half on Return on Capital Employed over
                                     three years.
Note:
1. Prescribed officers are defined as having general executive control over
and management of a significant portion of the Company or regularly
participate therein to a material degree.


ACCEPTANCE OF BONUS SHARE GRANTS TO DIRECTORS, PRESCRIBED OFFICERS AND THE
COMPANY SECRETARY

DIRECTORS OF THE COMPANY

Name                         :       BW Strong
Office held                  :       Chief Executive Officer
Company                      :       Mpact Limited
Date of transaction          :       5 June 2014
Nature of transaction        :       Off-market acceptance of conditional
                                     bonus share grants vesting in March 2017
Class of securities          :       Ordinary shares
Number of bonus shares       :       56,649
Award price                  :       R26.84
Total value of award         :       R1,520,459.16
Nature of interest           :       Direct beneficial
Clearance obtained           :       Yes

Name                         :       BDV Clark
Office held                  :       Chief Financial Officer
Company                      :       Mpact Limited
Date of transaction          :       5 June 2014
Nature of transaction        :       Off-market acceptance of conditional
                                     bonus share grants vesting in March 2017
Class of securities          :       Ordinary shares
Number of bonus shares       :       43,047
Grant price                  :       R26.84
Total value of award         :       R1,155,381.48
Nature of interest           :       Direct beneficial
Clearance obtained           :       Yes

PRESCRIBED OFFICERS OF THE COMPANY

Name                         :       RP von Veh
Office held                  :       Managing Director – Corrugated Division
Company                      :       Mpact Limited
Date of transaction          :       5 June 2014
Nature of transaction        :       Off-market acceptance of conditional
                                     bonus share grants vesting in March 2017
Class of securities          :       Ordinary shares
Number of bonus shares       :       42,415
Award price                  :       R26.84
Total value of award         :       R1,138,418.60
Nature of interest           :       Direct beneficial
Clearance obtained           :       Yes


Name                         :      HM Thompson
Office held                  :      Managing Director – Paper Manufacturing
                                    Division
Company                      :      Mpact Limited
Date of transaction          :      5 June 2014
Nature of transaction        :      Off-market acceptance of conditional
                                    bonus share grants vesting in March 2017
Class of securities          :      Ordinary shares
Number of bonus shares       :      44,603
Grant price                  :      R26.84
Total value of award         :      R1,197,144.52
Nature of interest           :      Direct beneficial
Clearance obtained           :      Yes

Name                         :      N Naidoo
Office held                  :      Managing Director – Plastics Division
Company                      :      Mpact Limited
Date of transaction          :      5 June 2014
Nature of transaction        :      Off-market acceptance of conditional
                                    bonus share grants vesting in March 2017
Class of securities          :      Ordinary shares
Number of bonus shares       :      5,903
Grant price                  :      R26.84
Total value of award         :      R158,436.52
Nature of interest           :      Direct beneficial
Clearance obtained           :      Yes

Name                         :      JW Hunt
Office held                  :      Managing Director
Company                      :      Mpact Recycling (Pty) Ltd
Date of transaction          :      5 June 2014
Nature of transaction        :      Off-market acceptance of conditional
                                    bonus share grants vesting in March 2017
Class of securities          :      Ordinary shares
Number of bonus shares       :      28,954
Grant price                  :      R26.84
Total value of award         :      R777,125.36
Nature of interest           :      Direct beneficial
Clearance obtained           :      Yes

COMPANY SECRETARY OF THE COMPANY

Name                         :     MN Sepuru
Office held                  :     Company Secretary
Company                      :     Mpact Limited
Date of transaction          :     5 June 2014
Nature of transaction        :     Off-market acceptance of conditional
                                   bonus share grants vesting in March 2017
Class of securities          :     Ordinary shares
Number of bonus shares       :     6,902
Award price                  :     R26.84
Total value of award         :     R185,249.68
Nature of interest           :     Direct beneficial
Clearance obtained           :     Yes

Note:
1. Prescribed officers are defined as having general executive control over
and management of a significant portion of the Company or regularly
participate therein to a material degree.

Melrose Arch
6 June 2014

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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