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MPACT LIMITED - Acceptance of performance share award by a prescribed officer

Release Date: 06/05/2020 12:40
Code(s): MPT     PDF:  
Wrap Text
Acceptance of performance share award by a prescribed officer

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:

Name                           :   CM Botha
Office held                    :   Managing Director – Corrugated Division
Company                        :   Mpact Operations (Pty) Ltd
Date of acceptance             :   6 May 2020
Nature of transaction          :   Off-market acceptance of conditional
                                   performance share awards vesting in March
                                   2023 subject to the achievement of agreed
Class of securities            :   Ordinary shares
Number of performance shares   :   316,896
Award price*                   :   R10.52
Total value of award           :   R3,333,745.92
Nature of interest             :   Direct beneficial
Clearance obtained             :   Yes

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 5
   March 2020 to 25 March 2020.

Melrose Arch
6 May 2020

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 06-05-2020 12:40:00
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