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MOTUS HOLDINGS LIMITED - Dealings in Securities

Release Date: 10/09/2019 11:00
Code(s): MTH     PDF:  
Wrap Text
Dealings in Securities

Motus Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number: 201/:451730/06
ISIN: ZAE000261913
Share code: MTH
(‘Motus’ or "Company")


In compliance with the Listings Requirements of the JSE Limited the
following information is provided:

Motus has awarded Conditional Share Plan (CSP) rights to its
executive directors as set out in the table below.

CSP rights will vest in September 2022 and entitle the participant to
receive Motus shares subject to the achievement of performance
conditions determined by the board of directors of the Company.

The number of CSP’s awarded to each executive director is determined
using an Expected Value, which is determined based on a valuation
methodology taking into account the award price of R72.05 (an average
VWAP of the two days before the date of award), and the estimated
achievement of related performance conditions.

The actual gains from CSP instruments upon vesting in 2022 will depend
on the extent to which performance conditions are achieved and the share
price at the time of vesting.

Name of         Number of CSP’s    Total Face Value    Total Expected
Director                           on award date       Value on award
OS Arbee        205 968            R14 839 994         R11 130 000

OJ Janse van    107 333            R7 733 343          R5 800 000

KA Cassel       90 678             R6 533 350          R4 900 000

The Company also awarded 53 752 Share Appreciation Rights (SAR) to
the Company Secretary, with a total expected value on award date of R
770 000.

SAR rights are conditional rights to receive Motus shares equal to
the difference between the exercise price and the grant price.
Vesting of rights are subject to performance conditions being met and
participants remaining employed with the group for the vesting
All CSP and SAR awards were done on Wednesday, 4 September 2019 and
the Motus share price used to calculate the total Face Value of the
awards is an average VWAP for the two days before the award date of
R72.05 per share.

Prior written approval in terms of paragraph 3.66 of the Listing
Requirements was obtained.

Company Secretary
JK Jefferies

10 September 2019

The Standard Bank of South Africa Limited

Date: 10/09/2019 11:00:00
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