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MFL
MFL
MFL - Metrofile - Listing of additional shares and dealings in securities by
directors and officers of Metrofile and its major subsidiary
Metrofile Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1983/012697/06)
Share code: MFL
ISIN Code: ZAE000061727
("Metrofile Holdings" or "the Company")
LISTING OF ADDITIONAL SHARES AND DEALINGS IN SECURITIES BY DIRECTORS AND
OFFICERS OF METROFILE AND ITS MAJOR SUBSIDIARY:
VESTING OF SHARES IN TERMS OF THE METROFILE SHARE APPRECIATION RIGHTS SCHEME
("SAR") AND DEFERRED BONUS PLAN ("DBP")
Shareholders are advised that the JSE Limited ("JSE") has approved the
listing of an additional 4,082,828 ordinary shares of 0,6146 cents each with
effect from the commencement of business on Wednesday, 19 October 2011, at an
issue price of 240,00 cents per share. The shares were issued in order to
settle and deliver shares to participants of the Share Appreciation Rights
scheme and the Deferred Bonus Plan.
In compliance with section 3.63 to 3.74 of the JSE Listings Requirements,
notice is hereby given of transactions in terms of the vesting of share
awards granted under the Metrofile Share Appreciation Rights scheme ("SAR")
and Deferred Bonus Plan ("DBP") in 2008, having met the relevant performance
conditions.
SAR & DBP Performance period: The vesting of the SAR & DBP awards is
conditional upon the achievement of group performance targets over a period
of 3 years (01/07/2008 to 30/06/2011)
The following directors and officers dealt in the Company`s securities:
Class of shares: Ordinary
Nature of interest: Direct Beneficial
Date of transaction: 19 October 2011
Clearance to deal obtained: Yes
Name: Graham Dunbar Wackrill
Director: Metrofile Holdings Limited
Scheme or plan: Share Appreciation Rights Scheme
Nature of transaction: Shares vested and issued
Number of shares: 525,788
Price per share: R 2.40
Total value of transaction: R 1,261,891.20
Name: Graham Dunbar Wackrill
Director: Metrofile Holdings Limited
Scheme or plan: Deferred Bonus Plan
Nature of transaction: Shares vested and issued
Number of shares: 120,000
Price per share: R 2.40
Total value of transaction: R 288,000.00
Name: Richard Matthew Buttle
Director: Metrofile Holdings Limited
Scheme or plan: Share Appreciation Rights Scheme
Nature of transaction: Shares vested and issued
Number of shares: 362,842
Price per share: R 2.40
Total value of transaction: R 870,820.80
Name: Richard Matthew Buttle
Director: Metrofile Holdings Limited
Scheme or plan: Deferred Bonus Plan
Nature of transaction: Shares vested and issued
Number of shares: 144,156
Price per share: R 2.40
Total value of transaction: R 346,022.40
Name: Guy Basil Kimble
Director: Metrofile (Proprietary) Limited
Scheme or plan: Share Appreciation Rights Scheme
Nature of transaction: Shares vested and issued
Number of shares: 453,423
Price per share: R 2.40
Total value of transaction: R 1,088,215.20
Name: Leon Mark Thompson
Officer (Company secretary): Metrofile Holdings Limited
Scheme or plan: Share Appreciation Rights Scheme
Nature of transaction: Shares vested and issued
Number of shares: 349,677
Price per share: R 2.40
Total value of transaction: R 839,224.80
Name: Various
Senior management: Metrofile (Proprietary) Limited
Scheme or plan: Share Appreciation Rights Scheme
Nature of transaction: Shares vested and issued
Number of shares: 2,126,922
Price per share: R 2.40
Total value of transaction: R 5,104,612.80
Class of shares: Ordinary
Nature of interest: Direct Beneficial
Date of transaction: 19 October 2011
Clearance to deal obtained: Yes
Name: Graham Dunbar Wackrill
Director: Metrofile Holdings Limited
Nature of transaction: Subsequent off market sale of shares
Number of shares sold: 1,258,315
Price per share: R 2.40
Total value of transaction: R 3,019,956.00
Name: Richard Matthew Buttle
Director: Metrofile Holdings Limited
Nature of transaction: Subsequent off market sale of shares
Number of shares sold: 612,446
Price per share: R 2.40
Total value of transaction: R 1,469,870.40
Name: Guy Basil Kimble
Director: Metrofile (Proprietary) Limited
Nature of transaction: Subsequent off market sale of shares
Number of shares sold: 453,423
Price per share: R 2.40
Total value of transaction: R 1,088,215.20
Name: Leon Mark Thompson
Officer (Company secretary): Metrofile Holdings Limited
Nature of transaction: Subsequent off market sale of shares
Number of shares sold: 139,871
Price per share: R 2.40
Total value of transaction: R 335,690.40
Clearance to deal in these shares was obtained in accordance with Rule 3.66
of the JSE Listings Requirements.
In addition to the off market sale of shares noted above, the various other
senior managers sold approximately 40% of their shares issued in respect of
the SAR scheme, to fund their tax obligations. MIC Investment Holdings
(Proprietary) Limited ("MIC"), the groups major shareholder and Black
empowerment partner, purchased the shares from the individuals in an off
market transaction at a price of R 2,40. MIC have increased their
shareholding by 3,314,824 shares increasing their total shareholding to
135,675,697 which equates to an increase from 32,43% to 32,92% of the total
412,168,074 Metrofile shares in issue.
The sale of the shares by Mr Graham Wackrill is to facilitate the tax
obligations relating to the SAR and DBP shares received and also to fund the
finalisation of the development of a property. Mr Wackrill`s holding in
Metrofile shares subsequent to the above transactions amounts to 6,741,871
shares; in addition rights allocated to Mr Wackrill with regards to the
company`s Share Appreciation Rights scheme amount to 2,892,189.
The sale of the shares by Mr Richard Buttle is to facilitate the tax
obligations relating to the SAR and DBP shares received and also to enable
him to diversify his investment portfolio. Mr Buttle`s holding in Metrofile
shares subsequent to the above transactions amounts to 3,002,730 shares; in
addition rights allocated to Mr Buttle with regards to the company`s Share
Appreciation Rights scheme amount to 1,864,500.
The sale of the shares by Mr Guy Kimble is to facilitate the tax obligations
relating to the SAR and DBP shares received and also to enable him to
diversify his investment portfolio. Mr Kimble`s holding in Metrofile shares
subsequent to the above transactions amounts to 1,246,990 shares; in addition
rights allocated to Mr Kimble with regards to the company`s Share
Appreciation Rights scheme amount to 1,884,818.
Johannesburg
19 October 2011
Sponsor
The Standard Bank of South Africa Limited
Date: 19/10/2011 09:18:01 Produced by the JSE SENS Department.
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