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Acceptance Of Performance Share Awards By Directors And Prescribed Officers

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

Mpact Limited (JSE:MPT) News - Acceptance Of Performance Share Awards By Directors And Prescribed Officers

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 AWARDS BY DIRECTORS AND PRESCRIBED OFFICERS

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
                                      performance share awards vesting in
                                      March 2025 subject to the achievement of
                                      agreed targets
Class of securities             :     Ordinary shares
Number of performance shares    :     259,171
Award price*                    :     R31.8877
Total value of award            :     R8,264,367.10
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
                                      performance share awards vesting in
                                      March 2025 subject to the achievement of
                                      agreed targets
Class of securities             :     Ordinary shares
Number of performance shares    :     147,755
Award price*                    :     R31.8877
Total value of award            :     4,711,567.11
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
                                      performance share awards vesting in
                                      March 2025 subject to the achievement of
                                      agreed targets
Class of securities            :   Ordinary shares
Number of performance shares   :   159,623
Award price*                   :   R31.8877
Total value of award           :   R5,090,010.34
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
                                   performance share awards vesting in
                                   March 2025 subject to the achievement of
                                   agreed targets
Class of securities            :   Ordinary shares
Number of performance shares   :   125,572
Award price*                   :   R31.8877
Total value of award           :   R4,004,202.26
Nature of interest             :   Direct beneficial
Clearance obtained             :   Yes

PRESCRIBED OFFICERS

Name                           :   JW Hunt
Office held                    :   Managing Director
Date of acceptance             :   1 April 2022
Nature of transaction          :   Off-market acceptance of conditional
                                   performance share awards vesting in
                                   March 2025 subject to the achievement of
                                   agreed targets
Class of securities            :   Ordinary shares
Number of performance shares   :   118,051
Award price*                   :   R31.8877
Total value of award           :   R3,764,374.87
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
                                   performance share awards vesting in
                                   March 2025 subject to the achievement of
                                   agreed targets
Class of securities            :   Ordinary shares
Number of performance shares   :   125,662
Award price*                   :   R31.8877
Total value of award           :   R4,007,072.16
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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329 South Oyster Bay Road #2085
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team@eninvs.com

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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.