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MTA 201411270017A
Director dealing in securities
METAIR INVESTMENTS LIMITED
(Reg No. 1948/031013/06)
(Incorporated in the Republic of South Africa)
Share code : MTA
ISIN code : ZAE000090692
(“Metair”)
DIRECTORS’ 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 off-market transactions by directors of Metair and its major subsidiaries are hereby disclosed.
On 25 November 2010, Metair ordinary shares ("Shares") were conditionally granted (“Share Appreciation Rights”), to certain
of the directors of Metair and its major subsidiaries (“Participants”) in accordance with The Metair Investments Limited 2009
Share Plan (“Share Plan”). These Share Appreciation Rights have partially vested and have been exercised by the Participants
pursuant to which the Participants received Shares at no cost.
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 a single arranged on-market trade on 26
November 2014.
DETAILS OF SALE OF SHARES
Date of transaction 26 November 2014
Nature of transaction On-market sale of Shares
Class of Share Ordinary shares
Price per Share R35.307
Total number of Shares sold 69 559
Total value of Shares sold R 2 455 919.63
Written clearance to deal obtained Yes
Further details of the exercise of the Share Appreciation Rights, the related receipt of Shares and sale of Shares are provided
below:
DETAILS OF EXERCISE OF SHARE APPRECIATION RIGHTS
Total number of Shares exercised 83 469
Deemed value of Share Appreciation Rights on exercise R3 115 897.77 at a price of R37.33 per Share, being the 20
day VWAP as at the 24 November 2014
Class of securities Ordinary shares
Nature of transaction Off-market acquisition of Shares pursuant to the exercise of
Share Appreciation Rights at no cost
Date of award 25 November 2010
Date of Share Appreciation Rights exercised 25 November 2014
Vesting period In equal thirds on the 3rd, 4th and 5th anniversaries but need
not be exercised until the 6th anniversary
Written clearance to deal obtained Yes
Details of the exercise of the Share Appreciation Rights, the related receipt of Shares and sale of Shares by directors of Metair
and its major subsidiaries who were Participants are tabled below. The nature of the interest of all Participants is direct
beneficial.
Director Company name No. of Deemed value No. of Value of
Share of Share Shares Shares sold
Appreciat Appreciation sold (Rand)
ion Rights
Rights exercised
exercised (Rand)
Mr A. Webb Metindustrial (Pty) Ltd 3 297 123 077.01 - -
Mr M. Slattery Metindustrial (Pty) Ltd 3 504 130 804.32 3 504 123 715.73
Mr R. Bezuidenhout Metindustrial (Pty) Ltd 3 531 131 812.23 3 531 124 669.02
Ms H. McLachlan Metindustrial (Pty) Ltd 3 648 136 179.84 3 648 128 799.94
Mr A. Becker Metindustrial (Pty) Ltd 10 731 400 588.23 10 731 378 879.42
Mr B. Sivlal Metindustrial (Pty) Ltd 3 927 146 594.91 - -
Mr C. Ellison Metindustrial (Pty) Ltd 3 361 125 466.13 3 361 118 666.83
Mr M. Barley Metindustrial (Pty) Ltd 3 682 137 449.06 3 682 130 000.37
Dr L. Denner Mutlu Holding Anonim
Sirketi 10 964 409 286.12 10 964 387 105.95
Mr C.J. Janse van Mutlu Holding Anonim
Rensburg Sirketi 2 345 87 538.85 2 345 82 794.92
Mr C.T. Loock Metair 22 993 858 328.69 22 993 811 813.85
Mr K. Lello Metair 11 486 428 772.38 4 800 169 473.60
The terms and conditions of the share appreciation rights are:
Date of award 26 November 2014
Number of SARs awarded to Participants 220 949
Price paid per SAR Nil
Total value of transaction Nil
Allocation price per SAR R37.35
Nature of transaction Acceptance of awards
First vesting date 26 November 2017
Vesting period In equal thirds on 3rd, 4th and 5th anniversaries but need not
be exercised until the 6th anniversary
Transaction completed on market No
Clearance obtained in terms of paragraph 3.66 of the Listings Yes
Requirements
The details of the allocation of the Share Appreciation Rights per Participant are set out below. The nature of the interest of all
Participants is direct beneficial.
No. of SARs
Director Company name accepted
Mr R. Bezuidenhout Metindustrial (Pty) Ltd 14 908
Ms H. McLachlan Metindustrial (Pty) Ltd 6 560
Mr M. Slattery Metindustrial (Pty) Ltd 6 240
Mr A. Webb Metindustrial (Pty) Ltd 5 867
Mr J. Ward Metindustrial (Pty) Ltd 3 771
Mr N. Mavhungu Metindustrial (Pty) Ltd 6 370
Mr MC. Mahlanu Metindustrial (Pty) Ltd 3 465
Mr A. Becker Metindustrial (Pty) Ltd 18 674
Mr B. Sivlal Metindustrial (Pty) Ltd 7 022
Mr C. Ellison Metindustrial (Pty) Ltd 5 836
Mr M. Barley Metindustrial (Pty) Ltd 7 463
Mr M. Barley Metindustrial (Pty) Ltd 6 492
Dr L. Denner Mutlu Holding Anonim Sirketi 25 580
Mr C.J. Janse van Rensburg Mutlu Holding Anonim Sirketi 4 661
Mr C.T. Loock Metair 49 732
Mr S. Douwenga Metair 22 493
Mr K. Lello Metair 25 815
The terms and conditions of the share appreciation rights are:
Date of award 26 November 2014
Number of SARs awarded to Participants 250 000
Price paid per SAR Nil
Total value of transaction Nil
Allocation price per SAR R37.35
Nature of transaction Acceptance of awards
First vesting date 26 November 2017
Vesting period 20% per annum over the following 5 years from vesting date
Transaction completed on market No
Clearance obtained in terms of paragraph 3.66 of the Listings Yes
Requirements
The details of the allocation of the Share Appreciation Rights per Participant are set out below. The nature of the interest of all
Participants is direct beneficial.
No. of SARs
Director Company name accepted
Mr S. Douwenga Metair 250 000
Johannesburg
27 November 2014
Sponsor
One Capital
Date: 27/11/2014 09:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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