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MPACT LIMITED - Acceptance of bonus share grants to directors, prescribed officers and company secretary

Release Date: 03/04/2017 11:00
Code(s): MPT     PDF:  
Wrap Text
Acceptance of bonus share grants to directors, prescribed officers and company secretary

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

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

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

DIRECTORS OF MPACT LIMITED

Name                            :   BW Strong
Office held                     :   Chief Executive Officer
Company                         :   Mpact Limited
Date of acceptance              :   3 April 2017
Nature of transaction           :   Off-market acceptance of conditional
                                    bonus share grants vesting in March 2020
Class of securities             :   Ordinary shares
Number of bonus shares          :   31,172
Award price                     :   R29.689
Total value of award            :   R925,465.51
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

Name                            :   BDV Clark
Office held                     :   Chief Financial Officer
Company                         :   Mpact Limited
Date of acceptance              :   3 April 2017
Nature of transaction           :   Off-market acceptance of conditional
                                    bonus share grants vesting in March 2020
Class of securities             :   Ordinary shares
Number of bonus shares          :   24,186
Grant price                     :   R29.689
Total value of award            :   R718,058.15
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

DIRECTORS OF MAJOR SUBSIDIARY

Name                            :   RP von Veh
Office held                     :   Managing Director – Converting
Company                         :   Mpact Operations (Pty) Ltd
Date of acceptance              :   3 April 2017
Nature of transaction           :   Off-market acceptance of conditional
                                    bonus share grants vesting in March 2020
Class of securities             :   Ordinary shares
Number of bonus shares          :   26,113
Award price                     :   R29.689
Total value of award            :   R775,268.86
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

Name                            :   HM Thompson
Office held                     :   Managing Director – Paper Manufacturing
                                    Division
Company                         :   Mpact Operations (Pty) Ltd
Date of acceptance              :   3 April 2017
Nature of transaction           :   Off-market acceptance of conditional
                                    bonus share grants vesting in March 2020
Class of securities             :   Ordinary shares
Number of bonus shares          :   25,775
Grant price                     :   R29.689
Total value of award            :   R765,233.98
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

Name                            :   N Naidoo
Office held                     :   Managing Director – Plastics Division
Company                         :   Mpact Operations (Pty) Ltd
Date of acceptance              :   3 April 2017
Nature of transaction           :   Off-market acceptance of conditional
                                    bonus share grants vesting in March 2020
Class of securities             :   Ordinary shares
Number of bonus shares          :   19,867
Grant price                     :   R29.689
Total value of award            :   R589,831.36
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes


PRESCRIBED OFFICERS

Name                            :   JW Hunt
Office held                     :   Managing Director
Company                         :   Mpact Recycling (Pty) Ltd
Date of acceptance              :   3 April 2017
Nature of transaction           :   Off-market acceptance of conditional
                                    bonus share grants vesting in March 2020
Class of securities             :   Ordinary shares
Number of bonus shares          :   15,410
Grant price                     :   R29.689
Total value of award            :   R457,507.49
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

Name                            :   J Stumpf
Office held                     :   Managing Director – Corrugated Division
Company                         :   Mpact Operations (Pty) Ltd
Date of acceptance              :   3 April 2017
Nature of transaction           :   Off-market acceptance of conditional
                                    bonus share grants vesting in March 2020
Class of securities             :   Ordinary shares
Number of bonus shares          :   24,113
Award price                     :   R29.689
Total value of award            :   R715,890.86
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes
COMPANY SECRETARY

Name                            :   MN Sepuru
Office held                     :   Company Secretary
Company                         :   Mpact Limited
Date of acceptance              :   3 April 2017
Nature of transaction           :   Off-market acceptance of conditional
                                    bonus share grants vesting in March 2020
Class of securities             :   Ordinary shares
Number of bonus shares          :   4,533
Award price                     :   R29.689
Total value of award            :   R134,580.24
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
3 April 2017

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

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