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MTA
MTA
MTA - Metair Investments Limited - Dealings in Metair Securities By Directors
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 METAIR SECURITIES BY DIRECTORS
In terms of paragraph 3.63 of the Listings Requirements of the JSE Limited
("Listings Requirements"), we hereby advise of the following dealings in Metair
shares (bonus shares and performance shares) by directors of the Company and its
major subsidiaries in terms of The Metair Investments Limited 2009 Share Plan,
which awards, may be settled in cash or Metair shares.
The terms and conditions of the bonus shares are:
Date of award 17 March 2011
Total number of bonus shares 133 554
Price paid per bonus share Nil
Total value of transaction Nil
Nature of transaction Acceptance of awards
Vesting date 17 March 2014
Vesting Period 100% vesting on the 3rd anniversary
of the award
Transaction completed on market No
Clearance obtained in terms of Yes
paragraph 3.66 of the Listings
Requirements
These bonus shares were accepted by the following directors of Metair and its
major subsidiaries:
Director Company name No. of Nature of
bonus interest
shares
accepted
Mr B.M. Jacobs Metair 17 251 Direct
beneficial
Mr C.T. Loock Metair 25 961 Direct
beneficial
Mr K. Lello Smiths Manufacturing (Pty) 10 158 Direct
Ltd beneficial
Mr J. Smiths Manufacturing (Pty) 7 909 Direct
Esterhuizen Ltd beneficial
Mr T. Lane Smiths Manufacturing (Pty) 7 954 Direct
Ltd beneficial
Mr A. Becker Metindustrial (Pty) Ltd 5 383 Direct
beneficial
Mr B. Sivlal Metindustrial (Pty) Ltd 3 762 Direct
beneficial
Mr M. Barley Metindustrial (Pty) Ltd 3 492 Direct
beneficial
Mr C. Ellison Metindustrial (Pty) Ltd 3 246 Direct
beneficial
Mr L. Denner Metindustrial (Pty) Ltd 11 283 Direct
beneficial
Ms H. McLachlan Metindustrial (Pty) Ltd 7 826 Direct
beneficial
Mr M. Slattery Metindustrial (Pty) Ltd 7 177 Direct
beneficial
Mr R. Metindustrial (Pty) Ltd 7 211 Direct
Bezuidenhout beneficial
Mr A. Webb Metindustrial (Pty) Ltd 6 638 Direct
beneficial
Mr T. Cross Metindustrial (Pty) Ltd 8 303 Direct
beneficial
Terms and conditions of the performance shares are:
Date of award 17 March 2011
Total number of performance shares 226 424
Price paid per performance share Nil
Total value of transaction Nil
Nature of transaction Acceptance of awards
Vesting date 17 March 2014
Vesting period Performance shares will vest on the
3rd anniversary of their award to the
extent that the Company has met
specified performance criteria over
the intervening period
Transaction completed on market No
Clearance obtained in terms of Yes
paragraph 3.66 of the Listings
Requirements
These performance shares were accepted by the following directors of Metair and
its major subsidiaries:
Director Company name No. of Nature of
performance interest
shares
accepted
Mr B.M. Jacobs Metair 19 838 Direct
beneficial
Mr C.T. Loock Metair 43 451 Direct
beneficial
Mr K. Lello Smiths Manufacturing (Pty) 21 562 Direct
Ltd beneficial
Mr J. Smiths Manufacturing (Pty) 12 004 Direct
Esterhuizen Ltd beneficial
Mr T. Lane Smiths Manufacturing (Pty) 11 646 Direct
Ltd beneficial
Mr A. Becker Metindustrial (Pty) Ltd 20 146 Direct
beneficial
Mr B. Sivlal Metindustrial (Pty) Ltd 10 477 Direct
beneficial
Mr M. Barley Metindustrial (Pty) Ltd 9 824 Direct
beneficial
Mr C. Ellison Metindustrial (Pty) Ltd 8 967 Direct
beneficial
Mr L. Denner Metindustrial (Pty) Ltd 20 584 Direct
beneficial
Ms H. McLachlan Metindustrial (Pty) Ltd 9 732 Direct
beneficial
Mr M. Slattery Metindustrial (Pty) Ltd 9 347 Direct
beneficial
Mr R. Metindustrial (Pty) Ltd 9 420 Direct
Bezuidenhout beneficial
Mr A. Webb Metindustrial (Pty) Ltd 8 797 Direct
beneficial
Mr T. Cross Metindustrial (Pty) Ltd 10 629 Direct
beneficial
The following information regarding a transaction by a director is disclosed:
Director: A Joffe
Company of which he is a director: Metair
Date of transaction: 17 March 2011
Class of securities Ordinary shares
Nature of transaction: Acquisition of an indirect beneficial
interest in Metair securities
Nature and extent of interest: The acquisition by Mr Joffe of a
shareholding in CoroCapital (Pty) Ltd
which resulted in Mr Joffe holding an
indirect beneficial interest in 1 626
171 Metair securities
Value of transaction: There is no value attributable to the
transaction as Mr Joffe did not
transact directly in Metair
securities. Notwithstanding this, in
compliance with paragraph 3.63(b)(iv)
of the Listings Requirements, the
deemed value of the transaction,
based on the prevailing market price
(Metair`s closing price on 17 March
2011 of 1332 cents per share) is
R21 660 597.72
Confirmation of on-market or off- Given the nature of this transaction,
market: no on-market or off-market
transaction took place
Written clearance to deal received: Yes
Johannesburg
18 March 2011
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 18/03/2011 17:30:01 Produced by the JSE SENS Department.
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information disseminated through SENS.
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