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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 4 April 2012
Total number of bonus shares 116 893
Price paid per bonus share Nil
Total value of transaction Nil
Class of securities Bonus shares over ordinary shares
Nature of transaction Acceptance of awards
Vesting date 4 April 2015
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 12 680 Direct
beneficial
Mr C.T. Loock Metair 17 967 Direct
beneficial
Mr K. Lello Smiths Manufacturing (Pty) 7 255 Direct
Ltd beneficial
Mr J. Smiths Manufacturing (Pty) 5 757 Direct
Esterhuizen Ltd beneficial
Mr T. Lane Smiths Manufacturing (Pty) 5 789 Direct
Ltd beneficial
Mr S. Konar Smiths Manufacturing (Pty) 5 189 Direct
Ltd beneficial
Mr N. Oxenham Smiths Manufacturing (Pty) 4 935 Direct
Ltd beneficial
Mr P. Vermaak Smiths Manufacturing (Pty) 4 374 Direct
Ltd beneficial
Mr A. Becker Metindustrial (Pty) Ltd 6 409 Direct
beneficial
Mr B. Sivlal Metindustrial (Pty) Ltd 4 798 Direct
beneficial
Mr M. Barley Metindustrial (Pty) Ltd 4 453 Direct
beneficial
Mr C. Ellison Metindustrial (Pty) Ltd 4 140 Direct
beneficial
Mr L. Denner Metindustrial (Pty) Ltd 7 164 Direct
beneficial
Ms H. McLachlan Metindustrial (Pty) Ltd 4 747 Direct
beneficial
Mr M. Slattery Metindustrial (Pty) Ltd 4 354 Direct
beneficial
Mr R. Metindustrial (Pty) Ltd 4 374 Direct
Bezuidenhout beneficial
Mr A. Webb Metindustrial (Pty) Ltd 4 026 Direct
beneficial
Mr T. Cross Metindustrial (Pty) Ltd 5 036 Direct
beneficial
Mr N. Mavhungu Metindustrial (Pty) Ltd 3 446 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: 4 April 2012
Class of securities Ordinary shares
Nature of transaction: A further acquisition of an indirect
beneficial interest in Metair
securities
Nature and extent of interest: The further acquisition by Mr Joffe
of a shareholding in CoroCapital
(Pty) Ltd which has resulted in Mr
Joffe holding a further indirect
beneficial interest of 525 017
Metair securities
Confirmation of on-market or off Given the nature of this transaction,
market: no on-market or off-market
transaction took place
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 4 April
2012 of 2425 cents per share) is
R12 731 662
Written clearance to deal received: Yes
Terms and conditions of the performance shares are:
Date of award 4 April 2012
Total number of performance shares 156 898
Price paid per performance share Nil
Total value of transaction Nil
Class of securities Performance shares over ordinary
shares
Nature of transaction Acceptance of awards
Vesting date 4 April 2015
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 12 042 Direct
beneficial
Mr C.T. Loock Metair 26 260 Direct
beneficial
Mr K. Lello Smiths Manufacturing (Pty) 13 167 Direct
Ltd beneficial
Mr J. Smiths Manufacturing (Pty) 7 242 Direct
Esterhuizen Ltd beneficial
Mr T. Lane Smiths Manufacturing (Pty) 7 025 Direct
Ltd beneficial
Mr S. Konar Smiths Manufacuting (Pty) Ltd 5 240 Direct
beneficial
Mr N. Oxenham Smiths Manufacturing Pty) Ltd 4 994 Direct
beneficial
Mr P. Vermaak Smiths Manufacturing (Pty) 4 549 Direct
Ltd beneficial
Mr A. Becker Metindustrial (Pty) Ltd 11 831 Direct
beneficial
Mr B. Sivlal Metindustrial (Pty) Ltd 6 151 Direct
beneficial
Mr M. Barley Metindustrial (Pty) Ltd 5 804 Direct
beneficial
Mr C. Ellison Metindustrial (Pty) Ltd 5 294 Direct
beneficial
Mr L. Denner Metindustrial (Pty) Ltd 12 864 Direct
beneficial
Ms H. McLachlan Metindustrial (Pty) Ltd 5 832 Direct
beneficial
Mr M. Slattery Metindustrial (Pty) Ltd 5 601 Direct
beneficial
Mr R. Metindustrial (Pty) Ltd 5 643 Direct
Bezuidenhout beneficial
Mr A. Webb Metindustrial (Pty) Ltd 5 268 Direct
beneficial
Mr T. Cross Metindustrial (Pty) Ltd 6 376 Direct
beneficial
Mr N. Mavhungu Metindustrial (Pty) Ltd 5 715 Direct
beneficial
Johannesburg
5 April 2012
Sponsor:
One Capital
Date: 05/04/2012 10:59:01 Produced by the JSE SENS Department.
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