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METAIR INVESTMENTS LIMITED - Directors dealings in securities

Release Date: 01/11/2018 10:40
Code(s): MTA
 
Wrap Text
Director’s 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”)

DIRECTOR’S DEALINGS IN SECURITIES

In accordance with the requirements of paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements (“Listings
Requirements”), the following transactions by a director of Metair are hereby disclosed.

On 26 October 2015, Metair ordinary shares (“Shares”) were conditionally granted (“Bonus Shares”) to Mr Douwenga in
accordance with the Metair Investments Limited 2009 Share Plan. The Bonus Shares have vested and have been exercised by
Mr Douwenga pursuant to which Mr Douwenga received Shares at no cost. The nature of the interest of Mr Douwenga is direct
beneficial.

Details of the exercise of the Bonus Shares and the related receipt of Shares are tabled below.

DETAILS OF EXERCISE OF BONUS SHARES
Total number of Shares exercised/settled                      250 000
Deemed value of Bonus Shares on exercise                      R3 810 000.00 at a price of R15.24 per Share, being the
                                                              closing price on 25 October 2018
Class of Securities                                           Ordinary shares
Nature of transaction                                         Settlement of Bonus Shares at no cost
Date of Award                                                 26 October 2015
Date of Bonus Shares exercised/settled                        26 October 2018
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

In order to settle the tax obligations that arose as a result of the vesting of the Bonus Shares, Mr Douwenga sold Shares as per
the table below.

DETAILS OF SALE OF SHARES
Transaction 1
Date of transaction                                           26 October 2018
Nature of transaction                                         On-market sale of shares
Class of Share                                                Ordinary shares
Price per Share                                               Various differed trades with the following price information:
                                                              - Volume weighted average price of R14.8294
                                                              - Highest price of R15.00
                                                              - Lowest price of R14.22
Number of Shares sold                                         59 297
Total value of Shares sold                                    R879 338.93
Clearance obtained in terms of paragraph 3.66 of the Listings Yes
Requirements

Transaction 2
Date of transaction                                           29 October 2018
Nature of transaction                                         On-market sale of shares
Class of Share                                                Ordinary shares
Price per Share                                               Various differed trades with the following price information:
                                                              - Volume weighted average price of R14.205
                                                              - Highest price of R14.23
                                                              - Lowest price of R14.19
Number of Shares sold                                         53 703
Total value of Shares sold                                    R762 851.12
Clearance obtained in terms of paragraph 3.66 of the Listings Yes
Requirements

Transaction 3
Date of transaction                                            30 October 2018
Nature of transaction                                          On-market sale of shares
Class of Share                                                 Ordinary shares
Price per Share                                                R14.20
Number of Shares sold                                          7 000
Total value of Shares sold                                     R99 400.00
Clearance obtained in terms of paragraph 3.66 of the Listings  Yes
Requirements


Johannesburg
1 November 2018

Sponsor
One Capital

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