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MPACT LIMITED - Vesting of 2012 performance share awards to directors and prescribed officers

Release Date: 10/04/2015 12:00
Code(s): MPT     PDF:  
Wrap Text
Vesting of 2012 performance share awards to directors and prescribed officers

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

VESTING OF 2012 PERFORMANCE SHARE AWARDS TO DIRECTORS AND PRESCRIBED
OFFICERS

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

DIRECTORS OF THE COMPANY

Name                         :     BW Strong
Position                     :     Chief Executive Officer
Company                      :     Mpact Limited
Date of transaction          :     9 April 2015
Nature of transaction        :     Vesting of 2012 Performance shares in
                                   terms of Mpact Limited Incentive Scheme
                                   and on market disposal of shares
Class of securities           :    Ordinary shares
Number of shares vesting      :    108,012 at R42.2087 per share
Total value of shares vesting :    R4,559,046.10
Number of shares retained     :    63,456 at R42.2087 per share
Total value of shares retained:    R2,678,395.27
Number of shares sold         :    44,556 shares at R42.2087 per share
Total value of shares sold    :    R1,880,650.84
Nature of interest            :    Direct beneficial
Clearance obtained            :    Yes




Name                         :     BDV Clark
Position                     :     Chief Financial Officer
Company                      :     Mpact Limited
Date of transaction          :     9 April 2015
Nature of transaction        :     Vesting of 2012 Performance shares in
                                   terms of Mpact Limited Incentive Scheme
                                   and on market disposal of shares
Class of securities           :    Ordinary shares
Number of shares vesting      :    31,659 at R42.2087 per share
Total value of shares vesting :    R1,336,285.23
Number of shares retained     :    18,598 at R42.2087 per share
Total value of shares retained:    R784,997.40
Number of shares sold         :    13,061 shares at R42.2087 per share
Total value of shares sold    :    R551,287.83
Nature of interest            :    Direct beneficial
Clearance obtained            :    Yes

PRESCRIBED OFFICERS

Name                         :    RP von Veh
Position                     :    Managing Director – Corrugated Division
Company                      :    Mpact Operations (Pty) Ltd
Date of transaction          :    9 April 2015
Nature of transaction        :    Vesting of 2012 Performance shares in
                                  terms of Mpact Limited Incentive Scheme
                                  and on market disposal of shares
Class of securities           :   Ordinary shares
Number of shares vesting      :   80,973 at R42.2087 per share
Total value of shares vesting :   R3,417,765.07
Number of shares retained     :   nil
Total value of shares retained:   Rnil
Number of shares sold         :   80,973 shares at R42.2087 per share
Total value of shares sold    :   R3,417,765.07
Nature of interest            :   Direct beneficial
Clearance obtained            :   Yes


Name                         :    HM Thompson
Position                     :    Managing Director – Paper Manufacturing
Company                      :    Mpact Operations (Pty) Ltd
Date of transaction          :    9 April 2015
Nature of transaction        :    Vesting of 2012 Performance shares in
                                  terms of Mpact Limited Incentive Scheme
                                  and on market disposal of shares
Class of securities           :   Ordinary shares
Number of shares vesting      :   59,409 at R42.2087 per share
Total value of shares vesting :   R2,507,576.66
Number of shares retained     :   34,902 at R42.2087 per share
Total value of shares retained:   R1,473,168.05
Number of shares sold         :   24,507 shares at R42.2087 per share
Total value of shares sold    :   R1,034,408.61
Nature of interest            :   Direct beneficial
Clearance obtained            :   Yes


Name                         :    JW Hunt
Position                     :    Managing Director
Company                      :    Mpact Recycling (Pty) Ltd
Date of transaction          :    9 April 2015
Nature of transaction        :    Vesting of 2012 Performance shares in
                                  terms of Mpact Limited Incentive Scheme
                                  and on market disposal of shares
Class of securities           :   Ordinary shares
Number of shares vesting      :   37,022 at R42.2087 per share
Total value of shares vesting :   R1,562,650.49
Number of shares retained     :   21,749 at R42.2087 per share
Total value of shares retained:   R917,997.02
Number of shares sold         :   15,273 shares at R42.2087 per share
Total value of shares sold    :   R644,653.48
Nature of interest            :   Direct beneficial
Clearance obtained            :   Yes

Melrose Arch
10 April 2015

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

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