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MPACT LIMITED - Acceptance of bonus share grants to directors, prescribed officers and company secretary

Release Date: 08/04/2019 15:46
Code(s): MPT     PDF:  
 
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Acceptance of bonus share grants to 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")

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

ACCEPTANCE OF BONUS SHARE GRANTS TO DIRECTORS, PRESCRIBED OFFICERS AND
COMPANY SECRETARY

DIRECTORS OF MPACT LIMITED

Name                     :   BW Strong
Office held              :   Chief Executive Officer
Company                  :   Mpact Limited
Date of acceptance       :   5 April 2019
Nature of transaction    :   Off-market acceptance of conditional
                             bonus share grants vesting in March 2022
Class of securities      :   Ordinary shares
Number of bonus shares   :   83,806
Award price*             :   R23.45
Total value of award     :   R1,965,250.70
Nature of interest       :   Direct beneficial
Clearance obtained       :   Yes

Name                     :   BDV Clark
Office held              :   Chief Financial Officer
Company                  :   Mpact Limited
Date of acceptance       :   5 April 2019
Nature of transaction    :   Off-market acceptance of conditional
                             bonus share grants vesting in March 2022
Class of securities      :   Ordinary shares
Number of bonus shares   :   63,856
Award price*             :   R23.45
Total value of award     :   R1,497,423.20
Nature of interest       :   Direct beneficial
Clearance obtained       :   Yes

DIRECTORS OF MAJOR SUBSIDIARY

Name                     :   RP von Veh
Office held              :   Managing Director - Converting
Company                  :   Mpact Operations (Pty) Ltd
Date of acceptance       :   5 April 2019
Nature of transaction    :   Off-market acceptance of conditional
                             bonus share grants vesting in March 2022
Class of securities      :   Ordinary shares
Number of bonus shares   :   67,915
Award price*             :   R23.45
Total value of award     :   R1,592,606.75
Nature of interest       :   Direct beneficial
Clearance obtained       :   Yes

Name                     :   HM Thompson
Office held              :   Managing Director - Paper Manufacturing
                             Division
Company                  :   Mpact Operations (Pty) Ltd
Date of acceptance       :   5 April 2019
Nature of transaction    :   Off-market acceptance of conditional
                             bonus share grants vesting in March 2022
Class of securities      :   Ordinary shares
Number of bonus shares   :   69,399
Award price*             :   R23.45
Total value of award     :   R1,627,406.55
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       :   5 April 2019
Nature of transaction    :   Off-market acceptance of conditional
                             bonus share grants vesting in March 2022
Class of securities      :   Ordinary shares
Number of bonus shares   :   53,360
Award price*             :   R23.45
Total value of award     :   R1,251,292.00
Nature of interest       :   Direct beneficial
Clearance obtained       :   Yes

PRESCRIBED OFFICERS
Name                     :   JW Hunt
Office held              :   Managing Director
Company                  :   Mpact Recycling (Pty) Ltd
Date of acceptance       :   5 April 2019
Nature of transaction    :   Off-market acceptance of conditional
                             bonus share grants vesting in March 2022
Class of securities      :   Ordinary shares
Number of bonus shares   :   43,992
Award price*             :   R23.45
Total value of award     :   R1,031,612.40
Nature of interest       :   Direct beneficial
Clearance obtained       :   Yes

Name                     :   J Stumpf
Office held              :   Managing Director - Corrugated Division
Company                  :   Mpact Operations (Pty) Ltd
Date of acceptance       :   5 April 2019
Nature of transaction    :   Off-market acceptance of conditional
                             bonus share grants vesting in March 2022
Class of securities      :   Ordinary shares
Number of bonus shares   :   66,113
Award price*             :   R23.45
Total value of award     :   R1,550,349.85
Nature of interest       :   Direct beneficial
Clearance obtained       :   Yes

COMPANY SECRETARY / DIRECTOR OF MAJOR SUBSIDIARY

Name                     :   MN Sepuru
Office held              :   Company Secretary
Company                  :   Mpact Limited
Date of acceptance       :   5 April 2019
Nature of transaction    :   Off-market acceptance of conditional
                             bonus share grants vesting in March 2022
Class of securities      :   Ordinary shares
Number of bonus shares   :   20,200
Award price*             :   R23.45
Total value of award     :   R473,690.00
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 14
   March 2019 to 4 April 2019.

Melrose Arch
8 April 2019

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

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