|
MIX
MIX
MIX - MiX Telematics Limited - Acceptance of Options by Directors
MiX Telematics Limited
(Incorporated in the Republic of South Africa)
Registration number 1995/013858/06)
JSE Code: MIX
ISIN: ZAE000125316
("MiX" or "the company")
ACCEPTANCE OF OPTIONS BY DIRECTORS
Shareholders are advised that options have been granted to and accepted by the
executive directors of the company on the basis set out below.
The options have been granted in terms of the MiX performance option scheme
and/or phantom performance scheme and in addition to the normal vesting periods
are conditional on:
- total annual shareholder return in excess of 5% (linked to the share price
performance) in the case of certain of the options; and
- the MiX share price reaching R5 per share in the case of the balance of the
options.
Date of transaction: 19 July 2010
Option strike price: 112 cents
Period of exercise: After 2 years: 25%
After 3 years: 50%
After 4 years: 75%
After 5 years: 100%
After 6 years the options
expire
Class of securities: Options in respect of
ordinary shares
Nature of transaction: Acceptance of options
granted (off-market)
Nature and extent of director`s Direct beneficial
interest:
The following options were granted with the performance clause
requiring that a total annual shareholder return in excess of 5% is
achieved:
Name Number of share Value of share options
options granted
Stefan Joselowitz 1 500 000 1 680 000
Riette Botha 1 500 000 1 680 000
Terry Buzer 1 500 000 1 680 000
Charles Tasker 1 500 000 1 680 000
The following options were granted with the performance clause
requiring that the MiX share price reach R5 per share:
Name Number of share Value of share options
options granted
Stefan Joselowitz 3 000 000 3 360 000
Clearance to deal was received as required in terms of JSE`s Listings
Requirements.
19 July 2010
Sponsor
Java Capital
Date: 19/07/2010 17:32:01 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.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
