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MIX TELEMATICS LIMITED - Dealings in securities by directors and their associates

Release Date: 12/08/2013 08:04
Code(s): MIX     PDF:  
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Dealings in securities by directors and their associates

MiX Telematics Limited
(Incorporated in the Republic of South Africa)
Registration number 1995/013858/06)
JSE Code: MIX ISIN: ZAE000125316
(“MiX Telematics” or “the Company”)


DEALINGS IN SECURITIES BY DIRECTORS AND THEIR ASSOCIATES


With reference to the circular dated 3 July 2013 (the “circular”) posted to shareholders and the announcements
released over SENS on each of 23 July 2013, 1 August 2013 and 12 August 2013, the Company has successfully
completed an international capital raise under the ADS offering, as defined in the circular, and the underwriters have
exercised the option to acquire from the selling shareholders, as defined in the circular, an additional, in aggregate,
23 610 350 ordinary shares in the Company (the “over-allotment option”). As part of the ADS offering (including
the over-allotment option), certain directors of the Company had undertaken to sell ordinary shares in the Company
for the purpose of the ADS offering (including the over-allotment option).

Accordingly, shareholders are advised of the following information relating to ordinary shares which have been sold
by directors of the Company and their associates for the purpose of the ADS offering (including the over-allotment
option), as reflected in the registration statement relating to the ADS offering:


Name of director:                                   Stefan Joselowitz
Date of transaction:                                9 August 2013
Class of securities:                                Ordinary shares
Number of securities:                               5 648 012
Price per security:                                 R5.87
Total value of transaction:                         R33 133 093
Class of securities:                                Ordinary shares
Nature of transaction:                              Off-market sale
Nature and extent of director’s interest:           Direct beneficial
Clearance to deal received:                         Yes

Name of director:                                   Riëtte Botha
Date of transaction:                                9 August 2013
Class of securities:                                Ordinary shares
Number of securities:                               1 634 608
Price per security:                                 R5.87
Total value of transaction:                         R9 589 147
Nature of transaction:                              Off-market sale
Nature and extent of director’s interest:           Direct beneficial
Clearance to deal received:                         Yes

Name of director:                                   Terence Buzer
Date of transaction:                                9 August 2013
Class of securities:                                Ordinary shares
Number of securities:                               720 314
Price per security:                                 R5.87
Total value of transaction:                         R4 225 598
Nature of transaction:                              Off-market sale
Nature and extent of director’s interest:           Direct beneficial
Clearance to deal received:                         Yes

Name of director:                                   Howard Scott
Date of transaction:                                9 August 2013
Class of securities:                                Ordinary shares
Number of securities:                               2 692 976
Price per security:                                 R5.87
Total value of transaction:                         R15 797 881
Nature of transaction:                              Off-market sale
Nature and extent of director’s interest:           Direct beneficial
Clearance to deal received:                         Yes

Name of associate:                                 GAF Trust
Name of director:                                  Robin Frew
Relationship to director:                          Gordon Frew, an immediate family member of Robin Frew, is one
                                                   of three trustees of the GAF Trust and Robin Frew is a potential
                                                   beneficiary of the GAF Trust
Date of transaction:                               9 August 2013
Class of securities:                               Ordinary shares
Number of securities:                              20 000 000
Price per security:                                R5.87
Total value of transaction:                        R117 326 566
Nature of transaction:                             Off-market sale
Nature and extent of associate’s interest:         Direct beneficial

Name of associate:                                 Masalini Capital (Pty) Ltd
Name of director:                                  Robin Frew
Relationship to director:                          100% owned by the Robin Frew Family Trust, of which Robin
                                                   Frew is one of three trustees and a beneficiary
Date of transaction:                               9 August 2013
Class of securities:                               Ordinary shares
Number of securities:                              12 000 000
Price per security:                                R5.87
Total value of transaction:                        R70 395 940
Nature of transaction:                             Off-market sale
Nature and extent of associate’s interest:         Direct beneficial

Name of associate:                                 Thynk Capital (Pty) Ltd
Name of director:                                  Robin Frew
Relationship to director:                          33% owned by Robin Frew
Date of transaction:                               9 August 2013
Class of securities:                               Ordinary shares
Number of securities:                              6 000 000
Price per security:                                R5.87
Total value of transaction:                        R35 197 970
Nature of transaction:                             Off-market sale
Nature and extent of associate’s interest:         Direct beneficial

Name of associate:                                 Masalini Investments No.3 (Pty) Ltd
Name of director:                                  Robin Frew
Relationship to director:                          100% owned by Robin Frew
Date of transaction:                               9 August 2013
Class of securities:                               Ordinary shares
Number of securities:                              2 000 000
Price per security:                                R5.87
Total value of transaction:                        R11 732 657
Nature of transaction:                             Off-market sale
Nature and extent of associate’s interest:         Direct beneficial

Name of associate:                                 Insight Consulting CC
Name of director:                                  Richard Bruyns
Relationship to director:                          Insight Consulting CC is owned by spouse
Date of transaction:                               9 August 2013
Class of securities:                               Ordinary shares
Number of securities:                              353 177
Price per security:                                R5.87
Total value of transaction:                        R2 071 852
Nature of transaction:                             Off-market sale
Nature and extent of associate’s interest:         Direct beneficial

Name of associate:                                 Carol Rangecroft
Name of director:                                  Richard Bruyns
Relationship to director:                          Spouse
Date of transaction:                               9 August 2013
Class of securities:                               Ordinary shares
Number of securities:                              300 000
Price per security:                                R5.87
Total value of transaction:                        R1 759 898
Nature of transaction:                             Off-market sale
Nature and extent of associate’s interest:         Direct beneficial

Name of associate:                                IS Wealth Creator SPI SR Bruyns
Name of director:                                 Richard Bruyns
Relationship to director:                         Endowment Policy owned by Richard Bruyns
Date of transaction:                              9 August 2013
Class of securities:                              Ordinary shares
Number of securities:                             263 713
Price per security:                               R5.87
Total value of transaction:                       R1 547 027
Nature of transaction:                            Off-market sale
Nature and extent of associate’s interest:        Direct beneficial


Johannesburg, 12 August 2013


South African corporate advisor and sponsor: Java Capital

South African legal advisor: Werksmans Inc.

Independent reporting accountants and auditors: PricewaterhouseCoopers Inc.

USA counsel: Akerman Senterfitt LLP

Date: 12/08/2013 08:04:00 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.

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