JSE Limited SENS announcements

Dealings in securities by Directors, Prescribed Officers and Company Secretary

06 April 2017

In compliance with the JSE Limited Listings Requirements, the following information is disclosed relating to the vesting of the Bonus Share Plan(BSP) and Performance Share Plan(PSP). The BSP and PSP awards were granted on 5 June 2014 which have vested on 31 March 2017. The BSP’s are subject to a 3 year holding period and the PSP are subject to the achievement of agreed targets. Details of the schemes are contained in the Remuneration Report contained within the 2014 Integrated Report.

Vesting of 2014 bonus share grants and on-market disposals of shares

Directors of Mpact Limited

Name BW Strong
Position Chief Executive Officer
Company Mpact Limited
Date of transaction 31 March 2017
Nature of transaction Off market vesting of Bonus shares accepted on 5 June 2014 in respect of the Mpact Limited Incentive Scheme
Class of securities Ordinary shares
Number of shares vesting 56,649
Deemed share price R30.93 per share
Total value of shares vesting R1,752,153.57
Nature of interest Direct beneficial
Clearance obtained Yes
   
Date of transaction 3 April 2017
Nature of transaction On market disposal* of shares that have vested in respect of the 2014 Bonus shares under the Mpact Limited Incentive Scheme
Class of securities Ordinary shares
Number of shares sold 25,635 at R30.65 per share
Total value of shares sold R785,712.75
Nature of interest Direct beneficial
Clearance obtained Yes

Name BDV Clark
Position Chief Financial Officer
Company Mpact Limited
Date of transaction 31 March 2017
Nature of transaction Off market vesting of Bonus shares accepted on 5 June 2014 in respect of the Mpact Limited Incentive Scheme
Class of securities Ordinary shares
Number of shares vesting 43,047
Deemed share price R30.93 per share
Total value of shares vesting R1,331,443.71
Nature of interest Direct beneficial
Clearance obtained Yes
   
Date of transaction 3 April 2017
Nature of transaction On market disposal* of shares that have vested in respect of the 2014 Bonus shares under the Mpact Limited Incentive Scheme
Class of securities Ordinary shares
Number of shares sold 19,480 at R30.65 per share
Total value of shares sold R597,062.00
Nature of interest Indirect beneficial
Clearance obtained Yes

Directors of major subsidiary

Name RP von Veh
Position Managing Director – Converting
Company Mpact Operations (Pty) Ltd
Date of transaction 31 March 2017
Nature of transaction Off market vesting of Bonus shares accepted on 5 June 2014 in respect of the Mpact Limited Incentive Scheme
Class of securities Ordinary shares
Number of shares vesting 42,415
Deemed share price R30.93 per share
Total value of shares vesting R1,311,895.95
Nature of interest Direct beneficial
Clearance obtained Yes
   
Date of transaction 3 April 2017
Nature of transaction On market disposal of shares that have vested in respect of the 2014 Bonus shares under the Mpact Limited Incentive Scheme
Class of securities Ordinary shares
Number of shares sold 42,415 at R30.65 per share
Total value of shares sold R1,300,019.75
Nature of interest Direct beneficial
Clearance obtained Yes

Name HM Thompson
Position Managing Director – Paper Manufacturing
Company Mpact Operations (Pty) Ltd
Date of transaction 31 March 2017
Nature of transaction Off market vesting of Bonus shares accepted on 5 June 2014 in respect of the Mpact Limited Incentive Scheme
Class of securities Ordinary shares
Number of shares vesting 44,603
Deemed share price R30.93 per share
Total value of shares vesting R1,379,570.79
Nature of interest Direct beneficial
Clearance obtained Yes
   
Date of transaction 3 April 2017
Nature of transaction On market disposal* of shares that have vested in respect of the 2014 Bonus shares under the Mpact Limited Incentive Scheme
Class of securities Ordinary shares
Number of shares sold 20,184 at R30.65 per share
Total value of shares sold R618,639.60
Nature of interest Direct beneficial
Clearance obtained Yes

Name N Naidoo
Position Managing Director – Plastics Division
Company Mpact Operations (Pty) Ltd
Date of transaction 31 March 2017
Nature of transaction Off market vesting of Bonus shares accepted on 5 June 2014 in respect of the Mpact Limited Incentive Scheme
Class of securities Ordinary shares
Number of shares vesting 5,903
Deemed share price R30.93 per share
Total value of shares vesting R182,579.79
Nature of interest Direct beneficial
Clearance obtained Yes
   
Date of transaction 3 April 2017
Nature of transaction On market disposal of shares that have vested in respect of the 2014 Bonus shares under the Mpact Limited Incentive Scheme
Class of securities Ordinary shares
Number of shares sold 5,903 at R30.65 per share
Total value of shares sold R180,926.95
Nature of interest Direct beneficial
Clearance obtained Yes

Prescribed officer

Name JW Hunt
Position Managing Director
Company Mpact Recycling (Pty) Ltd
Date of transaction 31 March 2017
Nature of transaction Off market vesting of Bonus shares accepted on 5 June 2014 in respect of the Mpact Limited Incentive Scheme
Class of securities Ordinary shares
Number of shares vesting 28,954
Deemed share price R30.93 per share
Total value of shares vesting R895,547.22
Nature of interest Direct beneficial
Clearance obtained Yes
   
Date of transaction 3 April 2017
Nature of transaction On market disposal* of shares that have vested in respect of the 2014 Bonus shares under the Mpact Limited Incentive Scheme
Class of securities Ordinary shares
Number of shares sold 13,103 at R30.65 per share
Total value of shares sold R401,606.95
Nature of interest Direct beneficial
Clearance obtained Yes

Company secretary

Name MN Sepuru
Position Company Secretary
Company Mpact Limited
Date of transaction 31 March 2017
Nature of transaction Off market vesting of Bonus shares accepted on 5 June 2014 in respect of the Mpact Limited Incentive Scheme
Class of securities Ordinary shares
Number of shares vesting 6,902
Deemed share price R30.93 per share
Total value of shares vesting R213,478.86
Nature of interest Direct beneficial
Clearance obtained Yes
   
Date of transaction 3 April 2017
Nature of transaction On market disposal of shares that have vested in respect of the 2014 Bonus shares under the Mpact Limited Incentive Scheme
Class of securities Ordinary shares
Number of shares sold 6,902 at R30.65 per share
Total value of shares sold R211,546.30
Nature of interest Direct beneficial
Clearance obtained Yes

VESTING OF 2014 PERFORMANCE SHARE AWARDS AND ON-MARKET DISPOSAL OF SHARES

Directors of Mpact Limited

Name BW Strong
Position Chief Executive Officer
Company Mpact Limited
Date of transaction 31 March 2017
Nature of transaction Off market vesting of Performance shares accepted on 5 June 2014 in respect of the Mpact Limited Incentive Scheme
Class of securities Ordinary shares
Number of shares vesting 84,377
Deemed share price R30.93 per share
Total value of shares vesting R2,609,780.61
Nature of interest Direct beneficial
Clearance obtained Yes
   
Date of transaction 3 April 2017
Nature of transaction On market disposal* of shares that have vested in respect of the 2014 Performance shares under the Mpact Limited Incentive Scheme
Class of securities Ordinary shares
Number of shares sold 38,181 at R30.65 per share
Total value of shares sold R1,170,247.65
Nature of interest Direct beneficial
Clearance obtained Yes

Name BDV Clark
Position Chief Financial Officer
Company Mpact Limited
Date of transaction 31 March 2017
Nature of transaction Off market vesting of Performance shares accepted on 5 June 2014 in respect of the Mpact Limited Incentive Scheme
Class of securities Ordinary shares
Number of shares vesting 63,595
Deemed share price R30.93 per share
Total value of shares vesting R1,966,993.35
Nature of interest Direct beneficial
Clearance obtained Yes
   
Date of transaction 3 April 2017
Nature of transaction On market disposal* of shares that have vested in respect of the 2014 Performance shares under the Mpact Limited Incentive Scheme
Class of securities Ordinary shares
Number of shares sold 28,777 at R30.65 per share
Total value of shares sold R882,015.05
Nature of interest Indirect beneficial
Clearance obtained Yes

Directors of major subsidiary

Name RP von Veh
Position Managing Director – Converting
Company Mpact Operations (Pty) Ltd
Date of transaction 31 March 2017
Nature of transaction Off market vesting of Performance shares accepted on 5 June 2014 in respect of the Mpact Limited Incentive Scheme
Class of securities Ordinary shares
Number of shares vesting 68,926
Deemed share price R30.93 per share
Total value of shares vesting R2,131,881.18
Nature of interest Direct beneficial
Clearance obtained Yes
   
Date of transaction 3 April 2017
Nature of transaction On market disposal of shares that have vested in respect of the 2014 Performance shares under the Mpact Limited Incentive Scheme
Class of securities Ordinary shares
Number of shares sold 68,926 at R30.65 per share
Total value of shares sold R2,112,581.90
Nature of interest Direct beneficial
Clearance obtained Yes

Name HM Thompson
Position Managing Director – Paper Manufacturing
Company Mpact Operations (Pty) Ltd
Date of transaction 31 March 2017
Nature of transaction Off market vesting of Performance shares accepted on 5 June 2014 in respect of the Mpact Limited Incentive Scheme
Class of securities Ordinary shares
Number of shares vesting 58,012
Deemed share price R30.93 per share
Total value of shares vesting R1,794,311.16
Nature of interest Direct beneficial
Clearance obtained Yes
   
Date of transaction 3 April 2017
Nature of transaction On market disposal* of shares that have vested in respect of the 2014 Performance shares under the Mpact Limited Incentive Scheme
Class of securities Ordinary shares
Number of shares sold 26,252 at R30.65 per share
Total value of shares sold R804,623.80
Nature of interest Direct beneficial
Clearance obtained Yes

Name N Naidoo
Position Managing Director – Plastics Division
Company Mpact Operations (Pty) Ltd
Date of transaction 31 March 2017
Nature of transaction Off market vesting of Performance shares accepted on 5 June 2014 in respect of the Mpact Limited Incentive Scheme
Class of securities Ordinary shares
Number of shares vesting 44,430
Deemed share price R30.93 per share
Total value of shares vesting R1,374,219.90
Nature of interest Direct beneficial
Clearance obtained Yes
   
Date of transaction 3 April 2017
Nature of transaction On market disposal of shares that have vested in respect of the 2014 Performance shares under the Mpact Limited Incentive Scheme
Class of securities Ordinary shares
Number of shares sold 44,430 at R30.65 per share
Total value of shares sold R1,361,779.50
Nature of interest Direct beneficial
Clearance obtained Yes

Prescribed officer

Name JW Hunt
Position Managing Director
Company Mpact Recycling (Pty) Ltd
Date of transaction 31 March 2017
Nature of transaction Off market vesting of Performance shares accepted on 5 June 2014 in respect of the Mpact Limited Incentive Scheme
Class of securities Ordinary shares
Number of shares vesting 36,321 
Deemed share price R30.93 per share
Total value of shares vesting R1,123,408.53
Nature of interest Direct beneficial
Clearance obtained Yes
   
Date of transaction 3 April 2017
Nature of transaction On market disposal* of shares that have vested in respect of the 2014 Performance shares under the Mpact Limited Incentive Scheme
Class of securities Ordinary shares
Number of shares sold 16,436 at R30.65 per share
Total value of shares sold R503,763.40
Nature of interest Direct beneficial
Clearance obtained Yes

* the disposal of shares is to settle tax obligations arising from the vested BSP and PSP.

Melrose Arch
6 April 2017

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)