To view the PDF file, sign up for a MySharenet subscription.

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”)

ACCEPTANCE OF PERFORMANCE SHARE AWARD BY A PRESCRIBED OFFICER

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
                                   targets
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

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 5
   March 2020 to 25 March 2020.

Melrose Arch
6 May 2020

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

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

Email this JSE Sens Item to a Friend.

Share This Story