MPACT LIMITED - Acceptance of performance share awards

Acceptance of performance share awards

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


ACCEPTANCE OF PERFORMANCE SHARE AWARDS TO DIRECTORS AND PRESCRIBED OFFICERS

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

DIRECTORS OF MPACT LIMITED

Name                            :   BW Strong
Office held                     :   Chief Executive Officer
Company                         :   Mpact Limited
Date of acceptance              :   1 April 2021
Nature of transaction           :   Off-market acceptance of conditional
                                    performance share awards vesting in March
                                    2024 subject to the achievement of agreed
                                    targets
Class of securities             :   Ordinary shares
Number of performance shares    :   379,342
Award price*                    :   R20.4372
Total value of award            :   R7,752,688.32
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

Name                            :   BDV Clark
Office held                     :   Chief Financial Officer
Company                         :   Mpact Limited
Date of acceptance              :   1 April 2021
Nature of transaction           :   Off-market acceptance of conditional
                                    performance share awards vesting in March
                                    2024 subject to the achievement of agreed
                                    targets
Class of securities             :   Ordinary shares
Number of performance shares    :   216,266
Award price*                    :   R20.4372
Total value of award            :   R4,419,871.50
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes


DIRECTORS OF MAJOR SUBSIDIARY

Name                            :   HM Thompson
Office held                     :   Managing Director – Paper Division
Company                         :   Mpact Operations (Pty) Ltd
Date of acceptance              :   1 April 2021
Nature of transaction           :   Off-market acceptance of conditional
                                   performance share awards vesting in March
                                   2024 subject to the achievement of agreed
                                   targets
Class of securities            :   Ordinary shares
Number of performance shares   :   233,637
Award price*                   :   R20.4372
Total value of award           :   R4,774,886.10
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             :   1 April 2021
Nature of transaction          :   Off-market acceptance of conditional
                                   performance share awards vesting in March
                                   2024 subject to the achievement of agreed
                                   targets
Class of securities            :   Ordinary shares
Number of performance shares   :   183,357
Award price*                   :   R20.4372
Total value of award           :   R3,747,303.68
Nature of interest             :   Direct beneficial
Clearance obtained             :   Yes

PRESCRIBED OFFICERS

Name                           :   JW Hunt
Office held                    :   Managing Director – Recycling Division
Date of acceptance             :   1 April 2021
Nature of transaction          :   Off-market acceptance of conditional
                                   performance share awards vesting in March
                                   2024 subject to the achievement of agreed
                                   targets
Class of securities            :   Ordinary shares
Number of performance shares   :   172,374
Award price*                   :   R20.4372
Total value of award           :   R3,522,841.91
Nature of interest             :   Direct beneficial
Clearance obtained             :   Yes


Name                           :   CM Botha
Office held                    :   Managing Director – Corrugated Division
Date of acceptance             :   1 April 2021
Nature of transaction          :   Off-market acceptance of conditional
                                   performance share awards vesting in March
                                   2024 subject to the achievement of agreed
                                   targets
Class of securities            :   Ordinary shares
Number of performance shares   :   183,489
Award price*                   :   R20.4372
Total value of award           :   R3,750,000.00
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.

  * Award price is calculated on a 15-trading day VWAP starting from 8
  March 2021 to 29 March 2021.



Melrose Arch
7 April 2021

Sponsor
The Standard Bank of South Africa Limited

Date: 07-04-2021 03:02:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.