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MPACT LIMITED - Vesting of 2012 bonus share grants to directors and prescribed officers

Release Date: 10/04/2015 12:01
Code(s): MPT     PDF:  
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Vesting of 2012 bonus share grants 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 BONUS SHARE GRANTS TO DIRECTORS AND PRESCRIBED OFFICERS

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

DIRECTOR 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 Bonus shares in terms of
                                   Mpact Limited Incentive Scheme and on
                                   market disposal of shares
Class of securities           :    Ordinary shares
Number of shares vesting      :    83,527 at R42.2087 per share
Total value of shares vesting :    R3,525,566.08
Number of shares retained     :    49,071 at R42.2087 per share
Total value of shares retained:    R2,071,223.12
Number of shares sold         :    34,456 shares at R42.2087 per share
Total value of shares sold    :    R1,454,342.97
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 Bonus shares in terms of
                                   Mpact Limited Incentive Scheme and on
                                   market disposal of shares
Class of securities           :    Ordinary shares
Number of shares vesting      :    69,432 at R42.2087 per share
Total value of shares vesting :    R2,930,634.46
Number of shares retained     :    nil
Total value of shares retained:    Rnil
Number of shares sold         :    69,432 shares at R42.2087 per share
Total value of shares sold    :    R2,930,634.46
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 Bonus shares in terms of
                                   Mpact Limited Incentive Scheme and on
                                   market disposal of shares
Class of securities           :    Ordinary shares
Number of shares vesting      :    70,715 at R42.2087 per share
Total value of shares vesting :    R2,984,788.22
Number of shares retained     :    41,544 at R42.2087 per share
Total value of shares retained:    R1,753,518.23
Number of shares sold         :    29,171 shares at R42.2087 per share
Total value of shares sold    :    R1,231,269.99
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 Bonus shares in terms of
                                   Mpact Limited Incentive Scheme and on
                                   market disposal of shares
Class of securities           :    Ordinary shares
Number of shares vesting      :    44,487 at R42.2087 per share
Total value of shares vesting :    R1,877,738.44
Number of shares retained     :    26,135 at R42.2087 per share
Total value of shares retained:    R1,103,124.37
Number of shares sold         :    18,352 shares at R42.2087 per share
Total value of shares sold    :    R774,614.06
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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