METROFILE HOLDINGS LIMITED - Correction Notification - Dealings In Securities By Associate Of Directors

Correction Notification - Dealings In Securities By Associate Of Directors

Metrofile Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1983/012697/06
JSE ordinary share code: MFL
ISIN: ZAE000061727
(“Metrofile” or “the Company”)

CORRECTION NOTIFICATION - DEALINGS IN SECURITIES BY ASSOCIATE
OF DIRECTORS

Further to the circular to shareholders dated Monday,
1 April 2019 relating to the scrip distribution or, as an
alternative, an election to receive a cash dividend, Metrofile
shareholders (“Shareholders”) are referred to the announcement
released on the Stock Exchange News Service (“SENS”) on
24 April 2019 (“the announcement”).

As advised, Mineworkers Investment Company (RF) (Pty) Limited
(“MIC”), through its subsidiary MIC Investment Holdings (Pty)
Limited, had expressed its intention to elect the scrip
distribution, which was the default option, and the Company
accordingly published on SENS that MIC had been issued
4 823 991 shares with an issue price value of R6 924 672.
MIC has now advised the Company that a portion of its
shareholding was held with a manager with a discretionary
mandate who elected the cash option without reference to MIC.
As a result, MIC received a cash distribution and a scrip
distribution on its holdings.
Following engagements with the JSE Limited, the cash election
by MIC cannot be reversed. Accordingly, MIC has received
893 585 shares with an issue value of R1 282 710 under the
scrip distribution and cash of R6 757 275 under the cash
distribution.
The details of the amended dealings are set out below

Company:                   Metrofile Holdings Limited
Name of directors:         Mary S Bomela and Muhammed Z
                           Abdulla
Name of associate:         MIC Investment Holdings (Pty)
                           Limited, a wholly owned subsidiary
                           of Mineworkers Investment Company
                           (RF) (Pty) Limited. The above-
                           named directors are executive
                           directors of Mineworkers
                           Investment Company (RF) (Pty)
                           Limited
Designation of directors: Non-executive
Type and class of         Ordinary shares
securities:
Nature of transaction:    Off-market receipt of shares from
                          Metrofile by way of a scrip
                          distribution
Nature and extent of      Indirect non-beneficial
directors’ interests in
the transaction:
Date of trades:           24 April 2019
Deemed price per shares:  143,54654 cents
Number of shares          893 585
received:
Rand value of shares:     R1 282 710.00
Permission to deal        Yes
obtained:

As a result, at the 30 June 2019 year-end, there were
424 905 728 shares in issue, net of shares held in treasury
of 18 949 158.

Johannesburg
25 July 2019

Sponsor
The Standard Bank of South Africa Limited

Date: 25/07/2019 12:40:00
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