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Metair Investments Limited (JSE:MTA) News - Dealings in securities
METAIR INVESTMENTS LIMITED
(Reg No. 1948/031013/06)
(Incorporated in the Republic of South Africa)
Share code: MTA
ISIN code: ZAE000090692
(“Metair” or the “Company”)
DEALINGS IN SECURITIES
In accordance with the requirements of paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements (“Listings
Requirements”), the following transactions by directors of Metair and its major subsidiaries and Metair’s company secretary
(“Participants”) are hereby disclosed.
1. ALLOCATION OF PERFORMANCE SHARES
The terms and conditions of the performance shares (“Performance Shares”) are:
Date of award 1 April 2022
Number of Performance Shares awarded to Participants 533 486
Price paid per Performance Share Nil
Total value of transaction Nil
Allocation price per Performance Share R27.79 being the 20-day volume weighted average price
(“VWAP”) as at 31 March 2022
Class of securities Ordinary shares
Nature of transaction Acceptance of Performance Shares
Vesting date 1 April 2025
Vesting period Performance Shares vest on the third anniversary of the
award date to the extent that the Company’s performance
criteria during the intervening period has been met.
Transaction completed: Off-market
Clearance obtained in terms of paragraph 3.66 of the Listings Yes
Requirements
The details of the allocation of the Performance Shares per Participant are set out below. The nature of the interest of all
Participants is direct beneficial.
Deemed value of
No. of Performance Performance Shares
Director Company name Shares accepted (Rand)
Mr D. Seker Mutlu Holding Anonim Sirketi 40 783 1 133 359.57
Mr B. Eser Mutlu Holding Anonim Sirketi 16 932 470 540.28
Ms S. Emiroglu Mutlu Holding Anonim Sirketi 17 410 483 823.90
Mr Y. Kaptan Mutlu Holding Anonim Sirketi 18 385 510 919.15
Mr M. Isiltan Mutlu Holding Anonim Sirketi 18 448 512 669.92
Mr D. Gunes Mutlu Holding Anonim Sirketi 16 937 470 679.23
Mr T. Korlu Mutlu Holding Anonim Sirketi 16 221 450 781.59
Mr B. Sen Mutlu Holding Anonim Sirketi 17 099 475 181.21
Mr B. Erol Mutlu Holding Anonim Sirketi 16 857 468 456.03
Mr I. Atay Rodoplu Mutlu Holding Anonim Sirketi 10 916 303 355.64
Mr R. Haffejee Metair 148 042 4 114 087.18
Mr S. Douwenga Metair 99 569 2 767 022.51
Mr A. Jogia Metair 20 429 567 721.91
Ms T. Marcus Metair 26 988 749 996.52
Ms S.M. Vermaak Metair 24 595 683 495.05
Ms M. Mail Metair 12 724 353 599.96
Ms S. Banda Metair 11 151 309 886.29
2. VESTING, EXERCISE AND SALE OF PERFORMANCE SHARES
On 3 April 2019, Performance Shares were conditionally granted to certain Participants, in accordance with the Metair
Investments Limited 2009 Share Plan. These Performance Shares have vested and have been exercised by the Participants
pursuant to which the Participants received Metair ordinary shares (“Shares”) at no cost, as per the table below. The nature of
the interest of the Participants is direct beneficial.
DETAILS OF VESTING AND EXERCISE OF PERFORMANCE SHARES
Total number of Shares exercised/settled 106 549
Deemed value of Performance Shares on exercise R2 965 258.67 at a price of R27.83, being the 20-day VWAP
as at 4 April 2022
Class of Securities Ordinary shares
Nature of transaction Settlement of Performance Shares
Date of Award 3 April 2019
Date of Performance Shares exercised/settled 5 April 2022
Vesting period Performance Shares vest on the third anniversary of the
award date to the extent that the Company’s performance
criteria during the intervening period has been met.
Transaction completed: Off-market
Clearance obtained in terms of paragraph 3.66 of the Listings Yes
Requirements
In order to facilitate the disposal of these Shares received by the Participants in an orderly fashion, the Participants have
entered into a pooled sale in terms of which the Participant’s Shares were disposed through arranged on-market trades on
5 April 2022, as per the table below:
DETAILS OF SALE OF SHARES
Nature of transaction On-market sale of shares
Class of Share Ordinary shares
Price per Share Various different trades with the following price information:
- VWAP of R30.0229;
- highest price of R30.25; and
- lowest price of R30.00.
Total number of Shares sold 106 549
Total value of Shares sold R3 198 909.97
Clearance obtained in terms of paragraph 3.66 of the Listings Yes
Requirements
Details of the exercise of the Performance Shares, the related receipt of Shares and sale of Shares per Participant are tabled
below:
Director Company No. of Performance Deemed value of No. of Value of Shares
Name Shares exercised Performance Shares (Rand) Shares sold sold (Rand)
Mr D. Seker Mutlu Holding 11 500 320 045.00 11 500 345 263.35
Anonim Sirketi
Mr Y. Kaptan Mutlu Holding 14 636 407 319.88 14 636 439 415.16
Anonim Sirketi
Ms S. Emiroglu Mutlu Holding 9 224 256 703.92 9 224 276 931.23
Anonim Sirketi
Mr S. Douwenga Metair 43 871 1 220 929.93 43 871 1 317 134.65
Mr A. Jogia Metair 12 774 355 500.42 12 774 383 512.52
Ms S.M. Vermaak Metair 14 544 404 759.52 14 544 436 653.06
Johannesburg
6 April 2022
Sponsor
One Capital
Date: 06-04-2022 10:25:00
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