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MPACT LIMITED - Dealings in securities by directors, prescribed officers and company secretary

Release Date: 06/04/2017 15:30
Code(s): MPT     PDF:  
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Dealings in securities by 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”)

DEALINGS IN SECURITIES BY DIRECTORS, PRESCRIBED OFFICERS AND COMPANY SECRETARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed relating to the vesting of the Bonus Share
Plan (BSP) and Performance Share Plan (PSP). The BSP and PSP awards were
granted on 5 June 2014 which have vested on 31 March 2017. The BSP’s are
subject to a 3 year holding period and the PSP are subject to the
achievement of agreed targets. Details of the schemes are contained in the
Remuneration Report contained within the 2014 Integrated Report.

VESTING OF 2014 BONUS SHARE GRANTS AND ON-MARKET DISPOSALS OF SHARES

DIRECTORS OF MPACT LIMITED

Name                            :   BW Strong
Position                        :   Chief Executive Officer
Company                         :   Mpact Limited
Date of transaction             :   31 March 2017
Nature of transaction           :   Off market vesting of Bonus shares
                                    accepted on 5 June 2014 in respect of the
                                    Mpact Limited Incentive Scheme
Class of securities             :   Ordinary shares
Number of shares vesting        :   56,649
Deemed share price              :   R30.93 per share
Total value of shares vesting   :   R1,752,153.57
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

Date of transaction             :   3 April 2017
Nature of transaction           :   On market disposal* of shares that have
                                    vested in respect of the 2014 Bonus
                                    shares under the Mpact Limited Incentive
                                    Scheme
Class of securities             :   Ordinary shares
Number of shares sold           :   25,635 at R30.65 per share
Total value of shares sold      :   R785,712.75
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes


Name                            :   BDV Clark
Position                        :   Chief Financial Officer
Company                         :   Mpact Limited
Date of transaction             :   31 March 2017
Nature of transaction           :   Off market vesting of Bonus shares
                                    accepted on 5 June 2014 in respect of the
                                    Mpact Limited Incentive Scheme
Class of securities             :   Ordinary shares
Number of shares vesting        :   43,047
Deemed share price              :   R30.93 per share
Total value of shares vesting   :   R1,331,443.71
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

Date of transaction             :   3 April 2017
Nature of transaction           :   On market disposal* of shares that have
                                    vested in respect of the 2014 Bonus
                                    shares under the Mpact Limited Incentive
                                    Scheme
Class of securities             :   Ordinary shares
Number of shares sold           :   19,480 at R30.65 per share
Total value of shares sold      :   R597,062.00
Nature of interest              :   Indirect beneficial
Clearance obtained              :   Yes


DIRECTORS OF MAJOR SUBSIDIARY

Name                            :   RP von Veh
Position                        :   Managing Director – Converting
Company                         :   Mpact Operations (Pty) Ltd
Date of transaction             :   31 March 2017
Nature of transaction           :   Off market vesting of Bonus shares
                                    accepted on 5 June 2014 in respect of the
                                    Mpact Limited Incentive Scheme
Class of securities             :   Ordinary shares
Number of shares vesting        :   42,415
Deemed share price              :   R30.93 per share
Total value of shares vesting   :   R1,311,895.95
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

Date of transaction             :   3 April 2017
Nature of transaction           :   On market disposal of shares that have
                                    vested in respect of the 2014 Bonus
                                    shares under the Mpact Limited Incentive
                                    Scheme
Class of securities             :   Ordinary shares
Number of shares sold           :   42,415 at R30.65 per share
Total value of shares sold      :   R1,300,019.75
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes


Name                            :   HM Thompson
Position                        :   Managing Director – Paper Manufacturing
Company                         :   Mpact Operations (Pty) Ltd
Date of transaction             :   31 March 2017
Nature of transaction           :   Off market vesting of Bonus shares
                                    accepted on 5 June 2014 in respect of the
                                    Mpact Limited Incentive Scheme
Class of securities             :   Ordinary shares
Number of shares vesting        :   44,603
Deemed share price              :   R30.93 per share
Total value of shares vesting   :   R 1,379,570.79
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

Date of transaction             :   3 April 2017
Nature of transaction           :   On market disposal* of shares that have
                                    vested in respect of the 2014 Bonus
                                    shares under the Mpact Limited Incentive
                                    Scheme
Class of securities             :   Ordinary shares
Number of shares sold           :   20,184 at R30.65 per share
Total value of shares sold      :   R618,639.60
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

Name                            :   N Naidoo
Office held                     :   Managing Director – Plastics Division
Company                         :   Mpact Operations (Pty) Ltd
Date of transaction             :   31 March 2017
Nature of transaction           :   Off market vesting of Bonus shares
                                    accepted on 5 June 2014 in respect of the
                                    Mpact Limited Incentive Scheme
Class of securities             :   Ordinary shares
Number of shares vesting        :   5,903
Deemed share price              :   R30.93 per share
Total value of shares vesting   :   R 182,579.79
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

Date of transaction             :   3 April 2017
Nature of transaction           :   On market disposal of shares that have
                                    vested in respect of the 2014 Bonus
                                    shares under the Mpact Limited Incentive
                                    Scheme
Class of securities             :   Ordinary shares
Number of shares sold           :   5,903 at R30.65 per share
Total value of shares sold      :   R180,926.95
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes


PRESCRIBED OFFICER

Name                            :   JW Hunt
Position                        :   Managing Director
Company                         :   Mpact Recycling (Pty) Ltd
Date of transaction             :   31 March 2017
Nature of transaction           :   Off market vesting of Bonus shares
                                    accepted on 5 June 2014 in respect of the
                                    Mpact Limited Incentive Scheme
Class of securities             :   Ordinary shares
Number of shares vesting        :   28,954
Deemed share price              :   R30.93 per share
Total value of shares vesting   :   R895,547.22
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes
Date of transaction             :   3 April 2017

Nature of transaction           :   On market disposal* of shares that have
                                    vested in respect of the 2014 Bonus
                                    shares under the Mpact Limited Incentive
                                    Scheme
Class of securities             :   Ordinary shares
Number of shares sold           :   13,103 at R30.65 per share
Total value of shares sold      :   R401,606.95
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes


COMPANY SECRETARY

Name                            :   MN Sepuru
Position                        :   Company Secretary
Company                         :   Mpact Limited
Date of transaction             :   31 March 2017
Nature of transaction           :   Off market vesting of Bonus shares
                                    accepted on 5 June 2014 in respect of the
                                    Mpact Limited Incentive Scheme
Class of securities             :   Ordinary shares
Number of shares vesting        :   6,902
Deemed share price              :   R30.93 per share
Total value of shares vesting   :   R213,478.86
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

Date of transaction             :   3 April 2017
Nature of transaction           :   On market disposal of shares that have
                                    vested in respect of the 2014 Bonus
                                    shares under the Mpact Limited Incentive
                                    Scheme
Class of securities             :   Ordinary shares
Number of shares sold           :   6,902 at R30.65 per share
Total value of shares sold      :   R211,546.30
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes



VESTING OF 2014 PERFORMANCE SHARE AWARDS AND ON-MARKET DISPOSAL OF SHARES

DIRECTORS OF MPACT LIMITED

Name                            :   BW Strong
Position                        :   Chief Executive Officer
Company                         :   Mpact Limited
Date of transaction             :   31 March 2017
Nature of transaction           :   Off market vesting of Performance shares
                                    accepted on 5 June 2014 in respect of the
                                    Mpact Limited Incentive Scheme
Class of securities             :   Ordinary shares
Number of shares vesting        :   84,377
Deemed share price              :   R30.93 per share
Total value of shares vesting   :   R2,609,780.61
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

Date of transaction             :   3 April 2017
Nature of transaction           :   On market disposal* of shares that have
                                    vested in respect of the 2014 Performance
                                    shares under the Mpact Limited Incentive
                                    Scheme
Class of securities             :   Ordinary shares
Number of shares sold           :   38,181 at R30.65 per share
Total value of shares sold      :   R1,170,247.65
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes


Name                            :   BDV Clark
Position                        :   Chief Financial Officer
Company                         :   Mpact Limited
Date of transaction             :   31 March 2017
Nature of transaction           :   Off market vesting of Performance shares
                                    accepted on 5 June 2014 in respect of the
                                    Mpact Limited Incentive Scheme
Class of securities             :   Ordinary shares
Number of shares vesting        :   63,595
Deemed share price              :   R30.93 per share
Total value of shares vesting   :   R1,966,993.35
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

Date of transaction             :   3 April 2017
Nature of transaction           :   On market disposal* of shares that have
                                    vested in respect of the 2014 Performance
                                    shares under the Mpact Limited Incentive
                                    Scheme
Class of securities             :   Ordinary shares
Number of shares sold           :   28,777 at R30.65 per share
Total value of shares sold      :   R882,015.05
Nature of interest              :   Indirect beneficial
Clearance obtained              :   Yes




DIRECTORS OF MAJOR SUBSIDIARY

Name                            :   RP von Veh
Position                        :   Managing Director – Converting
Company                         :   Mpact Operations (Pty) Ltd
Date of transaction             :   31 March 2017
Nature of transaction           :   Off market vesting of Performance shares
                                    accepted on 5 June 2014 in respect of the
                                    Mpact Limited Incentive Scheme
Class of securities             :   Ordinary shares
Number of shares vesting        :   68,926
Deemed share price              :   R30.93 per share
Total value of shares vesting   :   R2,131,881.18
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

Date of transaction             :   3 April 2017
Nature of transaction           :   On market disposal of shares that have
                                    vested in respect of the 2014 Performance
                                    shares under the Mpact Limited Incentive
                                    Scheme
Class of securities             :   Ordinary shares
Number of shares sold           :   68,926 at R30.65 per share
Total value of shares sold      :   R2,112,581.90
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes


Name                            :   HM Thompson
Position                        :   Managing Director – Paper Manufacturing
Company                         :   Mpact Operations (Pty) Ltd
Date of transaction             :   31 March 2017
Nature of transaction           :   Off market vesting of Performance shares
                                    accepted on 5 June 2014 in respect of the
                                    Mpact Limited Incentive Scheme
Class of securities             :   Ordinary shares
Number of shares vesting        :   58,012
Deemed share price              :   R30.93 per share
Total value of shares vesting   :   R1,794,311.16
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

Date of transaction             :   3 April 2017
Nature of transaction           :   On market disposal* of shares that have
                                    vested in respect of the 2014 Performance
                                    shares under the Mpact Limited Incentive
                                    Scheme
Class of securities             :   Ordinary shares
Number of shares sold           :   26,252 at R30.65 per share
Total value of shares sold      :   R804,623.80
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes




Name                            :   N Naidoo
Office held                     :   Managing Director – Plastics Division
Company                         :   Mpact Operations (Pty) Ltd
Date of transaction             :   31 March 2017
Nature of transaction           :   Off market vesting of Performance shares
                                    accepted on 5 June 2014 in respect of the
                                    Mpact Limited Incentive Scheme
Class of securities             :   Ordinary shares
Number of shares vesting        :   44,430
Deemed share price              :   R30.93 per share
Total value of shares vesting   :   R1,374,219.90
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

Date of transaction             :   3 April 2017
Nature of transaction           :   On market disposal of shares that have
                                    vested in respect of the 2014 Performance
                                    shares under the Mpact Limited Incentive
                                    Scheme
Class of securities             :   Ordinary shares
Number of shares sold           :   44,430 at R30.65 per share
Total value of shares sold      :   R1,361,779.50
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

PRESCRIBED OFFICER

Name                            :   JW Hunt
Position                        :   Managing Director
Company                         :   Mpact Recycling (Pty) Ltd
Date of transaction             :   31 March 2017
Nature of transaction           :   Off market vesting of Performance shares
                                    accepted on 5 June 2014 in respect of the
                                    Mpact Limited Incentive Scheme
Class of securities             :   Ordinary shares
Number of shares vesting        :   36,321
Deemed share price              :   R30.93 per share
Total value of shares vesting   :   R1,123,408.53
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

Date of transaction             :   3 April 2017
Nature of transaction           :   On market disposal* of shares that have
                                    vested in respect of the 2014 Performance
                                    shares under the Mpact Limited Incentive
                                    Scheme
Class of securities             :   Ordinary shares
Number of shares sold           :   16,436 at R30.65 per share
Total value of shares sold      :   R503,763.40
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

*the disposal of shares is to settle tax obligations arising from the vested BSP and PSP.

Melrose Arch
6 April 2017


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

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