MOTUS HOLDINGS LIMITED - Vesting Of Rights And Shares In Terms Of The Share Incentive Schemes

Vesting Of Rights And Shares In Terms Of The Share Incentive Schemes

MOTUS Holdings Limited
Incorporated in the Republic of South Africa
Registration number: 2017/451730/06
Share code: MTH
ISIN: ZAE000261913
(“MOTUS”)


VESTING OF RIGHTS AND SHARES IN TERMS OF THE SHARE INCENTIVE SCHEMES WHICH
WERE AWARDED IN 2016 IN IMPERIAL HOLDINGS LIMITED (“Imperial Holdings”)

During November 2018, Motus was unbundled from Imperial Holdings and listed
separately on the Johannesburg Stock Exchange. Motus directors continue to
participate in the Imperial Holdings Share Incentive Scheme (“SIS”) awards
made prior to unbundling.

In compliance with the Listings Requirements of the JSE Limited the following
information is provided in relation to the directors of Motus:

Vesting on 16 September 2019 of Motus ordinary shares in the Deferred Bonus
Plan (“DBP”) at a price of R73.97 per share.

Vesting on 19 September 2019 of 87.76% of Share Appreciation Rights (“SAR”),
after applying the related peer comparison and ROIC performance conditions,
at a strike price of R127.77 per SAR. The gains for participants in terms of
the SAR scheme will be determined upon exercising their rights using the
combined share price of Motus and Imperial Logistics Limited (“Imperial”) at
the time when each participant elects to exercise the vested rights, which
may be done within two years after vesting.

DBP shares were acquired by scheme participants in 2016 on the open market
prior to unbundling at the then ruling Imperial share price. In accordance
with the amendments to the SIS approved by shareholders of Imperial on
unbundling of Motus, an equal number of matching Imperial and Motus ordinary
shares are awarded on vesting at no further cost.

Director:                                          OS Arbee
Nature and extent of
interest in transaction:                           Direct/beneficial
Number of matching Motus DBP shares vested:        54 003
Total value of transaction:                        R3 994 601.91

Director:                                          O Janse van Rensburg
Nature and extent of
interest in transaction:                           Direct/beneficial
Number of matching Motus DBP shares vested:        5 421
Total value of transaction:                        R400 991.37

Number of SAR vested                               50 879

Director:                                          K Cassel
Nature and extent of
interest in transaction:                           Direct/beneficial
Number of SAR vested                               76 553

Prior written approval in terms of paragraph 3.66 of the Listings
Requirements was obtained. All trades were done off-market.
Company Secretary
J Jefferies

Bedfordview
20 September 2019

Sponsor:
The Standard Bank of South Africa Limited

Date: 20/09/2019 12:20:00
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.