In accordance with the requirements of paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements (“Listings Requirements”), the following dealing by a director of a major subsidiary of Metair is hereby disclosed.
Name of director of a major subsidiary of the Company
Alex Holmes
Name of major subsidiary
Hesto Harnesses Proprietary Limited
Nature of transaction
Acceptance of Metair ordinary shares subject to performance conditions in terms of the Metair Investments Limited Share Plan, 2009
(“Performance Shares”)
Class of securities
Ordinary shares
Date of transaction
8 November 2024
Number of Performance Shares
371 747
Price per Performance Share
R10.76, being the closing share price on 6 November 2024 (the business day prior to the award date of 7 November 2024)
Value of Performance Shares
R3 999 997.72
Vesting date
8 November 2027
Vesting period
Performance Shares vest on the third anniversary of the award date to the extent that the Company’s performance criteria during the intervening period has
been met
Transaction completed
Off-market
Nature and extent of interest
Direct beneficial
Clearance obtained in terms of paragraph 3.66 of the Listings Requirements