|
|
MixTel - fractional entitlements
As set out in the circular, the consideration payable to the Scheme Participants is 0.12762 shares of Powerfleet common stock for every MiX Telematics share held by each Scheme Participant. Where the Scheme Consideration results in a Scheme Participant becoming entitled to a fraction of a Powerfleet share, such fractional entitlement will be rounded down to the nearest whole number, resulting in the allocation of whole shares and a cash payment for the fraction.
Scheme Participants are advised that the value of a Powerfleet share to be utilised in determining the fractional cash payment due to scheme participants is ZAR8 161.24032 cents, being the weighted average traded price of a Powerfleet share traded on the Nasdaq on Tuesday, 26 March 2024 and converted from USD at the prevailing exchange rate on the day of USD:1.00:ZAR18.9312, discounted by 10%.
|
|
Click here for original article
|
| |
| |
| Click here for full news archive for this company |
|
| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
| |
|
|
