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Acceptance Of Bonus Share Awards By Directors, Prescribed Officers And Group Company Secretary

Published: 2022-04-06 14:00:00 ET

Mpact Limited (JSE:MPT) News - Acceptance Of Bonus Share Awards By Directors, Prescribed Officers And Group Company Secretary

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 BONUS SHARE AWARDS BY DIRECTORS, PRESCRIBED OFFICERS AND GROUP
COMPANY SECRETARY

In compliance with the JSE Limited Listings Requirements, the following
information is disclosed:

DIRECTORS OF MPACT LIMITED

Name                            :   BW Strong
Office held                     :   Chief Executive Officer
Company                         :   Mpact Limited
Date of acceptance              :   1 April 2022
Nature of transaction           :   Off-market acceptance of conditional
                                    bonus share grants vesting in March 2025
Class of securities             :   Ordinary shares
Number of bonus shares          :   77,532
Award price*                    :   R31.8877
Total value of award            :   R2,472,317.16
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

Name                            :   BDV Clark
Office held                     :   Chief Financial Officer
Company                         :   Mpact Limited
Date of acceptance              :   1 April 2022
Nature of transaction           :   Off-market acceptance of conditional
                                    bonus share grants vesting in March 2025
Class of securities             :   Ordinary shares
Number of bonus shares          :   58,432
Award price*                    :   R31.8877
Total value of award            :   R1,863,262.09
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

DIRECTORS OF MAJOR SUBSIDIARY

Name                            :   HM Thompson
Office held                     :   Managing Director – Paper Manufacturing
                                    Division
Company                         :   Mpact Operations (Pty) Ltd
Date of acceptance              :   1 April 2022
Nature of transaction           :   Off-market acceptance of conditional
                                    bonus share grants vesting in March 2025
Class of securities             :   Ordinary shares
Number of bonus shares          :   63,939
Award price*                    :   R31.8877
Total value of award            :   R2,038,867.65
Nature of interest              :   Direct beneficial
Clearance obtained              :   Yes

Name                          :    N Naidoo
Office held                   :    Managing Director – Plastics Division
Company                       :    Mpact Operations (Pty) Ltd
Date of acceptance            :    1 April 2022
Nature of transaction         :    Off-market acceptance of conditional
                                   bonus share grants vesting in March 2025
Class of securities           :    Ordinary shares
Number of bonus shares        :    34,322
Award price*                  :    R31.8877
Total value of award          :    R1,094,449.64
Nature of interest            :    Direct beneficial
Clearance obtained            :    Yes

GROUP COMPANY SECRETARY/DIRECTOR OF MAJOR SUBSIDIARY

Name                          :    DM Dickson
Office held                   :    Group Company Secretary (Mpact Limited)
                                   and Director of Major Subsidiary (Mpact
                                   Operations (Pty) Ltd)
Date of acceptance            :    1 April 2022
Nature of transaction         :    Off-market acceptance of conditional
                                   bonus share grants vesting in March 2025
Class of securities           :    Ordinary shares
Number of bonus shares        :    16,163
Award price*                  :    R31.8877
Total value of award          :    R515,400.90
Nature of interest            :    Direct beneficial
Clearance obtained            :    Yes

PRESCRIBED OFFICERS

Name                          :    JW Hunt
Office held                   :    Managing Director – Recycling Division
Date of acceptance            :    1 April 2022
Nature of transaction         :    Off-market acceptance of conditional
                                   bonus share grants vesting in March 2025
Class of securities           :    Ordinary shares
Number of bonus shares        :    46,523
Award price*                  :    R31.8877
Total value of award          :    R1,483,511.47
Nature of interest            :    Direct beneficial
Clearance obtained            :    Yes

Name                          :    CM Botha
Office held                   :    Managing Director – Paper Converting
                                   Division
Date of acceptance            :    1 April 2022
Nature of transaction         :    Off-market acceptance of conditional
                                   bonus share grants vesting in March 2025
Class of securities           :    Ordinary shares
Number of bonus shares        :    50,108
Award price*                  :    R31.8877
Total value of award          :    R1,597,828.87
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 8
    March 2022 to 29 March 2022.


Melrose Arch
6 April 2022

Sponsor
The Standard Bank of South Africa Limited

Date: 06-04-2022 04:00:00
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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.