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METAIR INVESTMENTS LIMITED - Directors dealings in securities

Release Date: 06/04/2016 16:32
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”)

DIRECTORS’ DEALINGS IN SECURITIES

In accordance with the requirements of paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements (“Listings
Requirements”), the following off-market transactions by directors of Metair and its major subsidiaries (“Participants”) are hereby
disclosed.

1. ALLOCATION AND EXERCISE/VESTING OF BONUS SHARES

The terms and conditions of the bonus shares (“BS”) are:

 Director name                                                 Mr C.T. Loock
 Company                                                       Metair
 Date of award                                                 1 April 2016
 Number of BS awarded                                          800 000
 Deemed value of BS on exercise/vesting                        R19.80 being the closing price on 31 March 2016
 Total value of transaction                                    Nil
 Class of securities                                           Ordinary shares
 Nature of transaction                                         Acceptance and exercise/vesting of BS at no cost
 Nature of interest                                            Direct beneficial
 Vesting date                                                  1 April 2019
 Vesting period                                                The BS were awarded as retention bonus shares and vested
                                                               on award date
 Transaction completed on market                               No
 Clearance obtained in terms of paragraph 3.66 of the Listings Yes
 Requirements

2. ALLOCATION OF PERFORMANCE SHARES

The terms and conditions of the performance shares (“PS”) are:

 Date of award                                                 1 April 2016
 Number of PS awarded to Participants                          261 227
 Price paid per PS                                             Nil
 Total value of transaction                                    Nil
 Allocation price per PS                                       R19.80 being the closing price on 31 March 2016
 Class of securities                                           Ordinary shares
 Nature of transaction                                         Acceptance of PS
 Vesting date                                                  1 April 2019
 Vesting period                                                PS vest on the third anniversary of the award date to the
                                                               extent that the company’s performance criteria during the
                                                               intervening period has been met
 Transaction completed on market                               No
 Clearance obtained in terms of paragraph 3.66 of the Listings Yes
 Requirements


The details of the allocation of the PS per Participant are set out below. The nature of the interest of all Participants is direct
beneficial.

                                                                                                                    Deemed value of PS
Director                           Company name                                     No. of PS accepted                          (Rand)

                                   Mutlu Aku ve Malzemeleri Sanayii
Dr L. Denner
                                   Anonim Sirketi                                               25 844                     511 711.20
                                   Mutlu Aku ve Malzemeleri Sanayii
Mr C.J. Janse van Rensburg
                                   Anonim Sirketi                                                8 642                     171 111.60
                                   Mutlu Aku ve Malzemeleri Sanayii
Mr G. Paker
                                   Anonim Sirketi                                               33 747                     668 190.60
Mr T. Tulgar                       Mutlu Holding Anonim Sirketi                                  7 152                     141 609.60
Mr M. Bukagikiran                  Mutlu Holding Anonim Sirketi                                  7 570                     149 886.00
                                   Mutlu Aku ve Malzemeleri Sanayii
Mr A. Aydin
                                   Anonim Sirketi                                                8 625                     170 775.00
Mr H. Demir                        Mutlu Holding Anonim Sirketi                                  7 447                     147 450.60
                                   Mutlu Aku ve Malzemeleri Sanayii
Mr Y. Kaptan
                                   Anonim Sirketi                                                9 564                     189 367.20
Mr H. Okur                         Mutlu Holding Anonim Sirketi                                  8 036                     159 112.80
Mr C. Savasan                      Mutlu Holding Anonim Sirketi                                  8 331                     164 953.80
                                   Mutlu Aku ve Malzemeleri Sanayii
Mr O. Ogetbil
                                   Anonim Sirketi                                                7 226                     143 074.80
Mr E. Tavukcu                      Mutlu Holding Anonim Sirketi                                  4 762                      94 287.60
Mr O. Bekiroglu                    Mutlu Holding Anonim Sirketi                                  8 042                     159 231.60
                                   Mutlu Aku ve Malzemeleri Sanayii
Mr S. Yilmaz
                                   Anonim Sirketi                                                7 231                     143 173.80
                                   Mutlu Aku ve Malzemeleri Sanayii
Mr A. Alim
                                   Anonim Sirketi                                                6 910                     136 818.00
Mr C.T. Loock                      Metair                                                       57 693                   1 142 321.40
Mr S. Douwenga                     Metair                                                       28 061                     555 607.80
Mr A. Jogia                        Metair                                                        7 868                     155 786.40
Ms S.M. Vermaak                    Metair                                                        8 476                     167 824.80

3. EXERCISE AND VESTING OF BONUS SHARES

On 2 April 2013, Metair ordinary shares (“Shares”) were conditionally granted (“Bonus Shares”), to certain Participants in
accordance with the Metair Investments Limited 2009 Share Plan. These Bonus Shares have vested and have been exercised
by the Participants pursuant to which the Participants received Shares at no cost.

In order to facilitate the disposal of these Shares received by the Participants in an orderly fashion, the Participants have entered
into a pooled sale in terms of which the Participant’s Shares were disposed through a single arranged on-market trade on 6 April
2016.
 
DETAILS OF SALE OF SHARES
 Date of transaction                                              6 April 2016
 Nature of transaction                                            On-market sale of shares
 Class of Share                                                   Ordinary shares
 Price per Share                                                  R19.55
 Total number of Shares sold                                      15 949
 Total value of Shares sold                                       R311 802.95
 Clearance obtained in terms of paragraph 3.66 of the Listings    Yes
 Requirements

Further details of the exercise of the Bonus Shares, the related receipt of Shares and sale of Shares are provided below:

 DETAILS OF EXERCISE OF BONUS SHARES
 Total number of Shares exercised/settled                      46 171
 Deemed value of Bonus Shares on exercise                      R19.80 being the closing price on 1 April 2016
 Class of Securities                                           Ordinary shares
 Nature of transaction                                         Settlement of Bonus Shares at no cost
 Date of Award                                                 2 April 2013
 Date of Bonus Shares exercised/settled                        4 April 2016
 Vesting period                                                Bonus Shares vest on the third anniversary of the award
                                                               date.
 Clearance obtained in terms of paragraph 3.66 of the Listings Yes
 Requirements

Details of the exercise of the Bonus Shares, the related receipt of Shares and sale of Shares by directors of Metair and its major
subsidiaries who were Participants are tabled below. The nature of the interest of all Participants is direct beneficial.

 Director          Company               No. of Bonus            Deemed value of      No. of Shares         Value of Shares
                   Name                  Shares exercised        Bonus Shares         sold                  sold (Rand)
                                                                 (Rand)
 Dr L. Denner      Mutlu Aku ve          12 531                  248 113.80           12 531                244 981.05
                   Malzemeleri
                   Sanayii Anonim
                   Sirketi
 Mr C.J. Janse van Mutlu Aku ve          3 418                   67 676.40            3 418                 66 821.90
 Rensburg          Malzemeleri
                   Sanayii Anonim
                   Sirketi
 Mr C.T. Loock     Metair                30 222                  598 395.60           0                     0


Johannesburg
6 April 2016

Sponsor
One Capital

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