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METAIR INVESTMENTS LIMITED - Dealings in securities by an associate of a director

Release Date: 22/06/2015 17:45
Code(s): MTA     PDF:  
Wrap Text
Dealings in securities by an associate of a director

METAIR INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
Reg No. 1948/031013/06
JSE code : MTA
ISIN: ZAE000090692
(“Metair”)


DEALINGS IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR


In accordance with the requirements of paragraphs 3.63 to 3.74 of the JSE Limited Listings
Requirements (“Listings Requirements”), the following information regarding a transaction by an
associate of a non-executive director of Metair, is disclosed:


Director:                                Mr A Joffe
Details of associate:                    Corocapital (Pty) Ltd (“Corocapital”)
Company of which he is a director:       Metair
Nature of transactions:                  Disposal
Class of securities:                     Ordinary shares (“Shares”)

Date of transaction 1:                   15 June 2015
Number of Shares:                        908 837

Date of transaction 2:                   17 June 2015
Number of Shares:                        7 927

Date of transaction 3:                   18 June 2015
Number of Shares:                        17 658

Date of transaction 4:                   19 June 2015
Number of Shares:                        8 497

Price per Share:                         Value weighted average price of R34.67;
                                         Highest price of R35.68; and
                                         Lowest price of R34.65

Total value of transaction:              There is no value attributable to the transaction as Mr Joffe
                                         did not transact directly in the Shares. Notwithstanding this,
                                         in compliance with paragraph 3.63(b)(iv) of the Listings
                                         Requirements, the deemed value of the transaction for
                                         Mr Joffe’s holdings is R32 695 987.19.
Nature and extent of interest:           Mr Joffe holds an indirect beneficial interest, in the equity
                                         interest of Corocapital, which holds the Shares. This has
                                         resulted in Mr Joffe’s indirect beneficial interest in Shares
                                         decreasing by 942 919 Shares.
Clearance to deal:                       Yes
Confirmation of on-market or             On-market
off-market:

Johannesburg
22 June 2015

Sponsor
One Capital

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