Date of Report (Date of earliest event reported): June 10, 2022
MIX TELEMATICS LIMITED
(Exact Name of Registrant as Specified in its Charter)
Republic of South Africa
001-36027
Not Applicable
(State or Other Jurisdiction
(Commission
(IRS Employer
of Incorporation)
File Number)
Identification No.)
750 Park of Commerce Blvd
Suite 100
Boca Raton
Florida
33487
+1
(887)
585-1088
(Address of Principal Executive Offices)
Registrant’s telephone number, including area code
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
American Depositary Shares, each representing 25 Ordinary Shares, no par value
MIXT
New York Stock Exchange
Ordinary Shares, no par value
New York Stock Exchange (for listing purposes only)
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
1
Item 7.01. Regulation FD Disclosure.
This report contains a copy of the submission to the Johannesburg Stock Exchange by MiX Telematics Limited (the “Company”) announcing dealings in securities by directors of the Company and by directors of major subsidiaries of the Company. The submission is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information contained in this Item 7.01, including the information contained in the presentation furnished as Exhibit 99.1 hereto, is being “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MIX TELEMATICS LIMITED
By: /s/ John Granara
Name: John Granara
Title: Vice President and Chief Financial Officer
Date: June 10, 2022
3
Exhibit 99.1
MiX TELEMATICS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1995/013858/06)
JSE share code: MIX
NYSE share code: MIXT
ISIN: ZAE000125316
LEI Code: 529900S6HHR7CK7BU646
(“MiX Telematics”)
DEALINGS IN SECURITIES BY DIRECTORS OF MIX TELEMATICS AND BY DIRECTORS OF MAJOR SUBSIDIARIES OF MIX TELEMATICS: RETENTION SHARES
Shareholders are advised of the following information relating to the settlement of the first tranche of retention shares awarded under the MiX Telematics Limited Long-Term Incentive Plan (“LTIP”), as disclosed in the announcement published on June 19, 2020.
Name of director:
Stefan Joselowitz
Transaction date:
June 8, 2022
Class of securities:
Ordinary shares
Number of securities:
200 000
Price per retention share:
R6.17
Total value of the transaction:
R1 234 000.00
Nature of transaction:
Off-market settlement of retention shares under the LTIP
Nature and extent of director’s interest:
Direct beneficial
Clearance to deal received:
Yes
Stefan Joselowitz’ intention is to sell approximately 80 000 shares issued to him in respect of these retention shares (to cover the immediate tax obligation arising from the settlement of the retention shares). At the conclusion of this process, Stefan Joselowitz expects to have increased his shareholding in MiX Telematics by 120 000 shares, bringing his total shareholding to approximately 776 886 American Depository Shares (equivalent to 19 422 149 ordinary shares).
Name of director:
John Granara
Transaction date:
June 8, 2022
Class of securities:
Ordinary shares
Number of securities:
200 000
Price per retention share:
R6.17
Total value of the transaction:
R1 234 000.00
Nature of transaction:
Off-market settlement of retention shares under the LTIP
Nature and extent of director’s interest:
Direct beneficial
Clearance to deal received:
Yes
John Granara’s intention is to sell approximately 80 000 shares issued to him in respect of these retention shares (to cover the immediate tax obligation arising from the settlement of the retention shares). At the conclusion of this process, John Granara expects to have increased his shareholding in MiX Telematics by 120 000 shares, bringing his total shareholding to approximately 4 800 American Depository Shares (equivalent to 120 000 ordinary shares).
Name of director:
Charles Tasker
Transaction date:
June 8, 2022
Class of securities:
Ordinary shares
Number of securities:
200 000
Price per retention share:
R6.17
Total value of the transaction:
R1 234 000.00
Nature of transaction:
Off-market settlement of retention shares under the LTIP
Nature and extent of director’s interest:
Direct beneficial
Clearance to deal received:
Yes
Charles Tasker’s intention is to sell the 200 000 shares issued to him in respect of these retention shares. At the conclusion of this process, Charles Tasker’s total shareholding will remain unchanged at 310 775 American Depository Shares (equivalent to 7 769 381 ordinary shares).
Name of director:
Paul Dell
Name of subsidiary company:
Director of MiX Telematics Investments Proprietary Limited
Transaction date:
June 8, 2022
Class of securities:
Ordinary shares
Number of securities:
100 000
Price per retention share:
R6.17
Total value of the transaction:
R617 000.00
Nature of transaction:
Off-market settlement of retention shares under the LTIP
Nature and extent of director’s interest:
Direct beneficial
Clearance to deal received:
Yes
Paul Dell’s intention is to sell approximately 40 000 shares issued to him in respect of these retention shares (to cover the immediate tax obligation arising from the settlement of the retention shares). At the conclusion of this process, Paul Dell expects to have increased his shareholding in MiX Telematics by 60 000 shares, bringing his total shareholding to approximately 2 440 American Depositary Shares (equivalent to 61 000 ordinary shares).
2
Name of director:
Catherine Lewis
Name of subsidiary company:
MiX Telematics International Proprietary Limited
Transaction date:
June 8, 2022
Class of securities:
Ordinary shares
Number of securities:
150 000
Price per retention share:
R6.17
Total value of the transaction:
R925 500.00
Nature of transaction:
Off-market settlement of retention shares under the LTIP
Nature and extent of director’s interest:
Direct beneficial
Clearance to deal received:
Yes
Catherine Lewis’ intention is to sell approximately 67 500 shares issued to her in respect of these retention shares (to cover the immediate tax obligation arising from the settlement of the retention shares). At the conclusion of this process, Catherine Lewis expects to have increased her shareholding in MiX Telematics by 82 500 shares, bringing her total shareholding to approximately 2 085 939 ordinary shares.
Name of director:
Gert Pretorius
Name of subsidiary company:
Director of MiX Telematics Africa Proprietary Limited,
MiX Telematics Investments Proprietary Limited and
MiX Telematics International Proprietary Limited
Transaction date:
June 8, 2022
Class of securities:
Ordinary shares
Number of securities:
150 000
Price per retention share:
R6.17
Total value of the transaction:
R925 500.00
Nature of transaction:
Off-market settlement of retention shares under the LTIP
Nature and extent of director’s interest:
Direct beneficial
Clearance to deal received:
Yes
Gert Pretorius’s intention is to sell the 150 000 shares issued to him in respect of these retention shares. At the conclusion of this process, Gert Pretorius’s total shareholding will remain unchanged at 1 254 403 ordinary shares.
