This report contains a copy of the submission to the Johannesburg Stock Exchange by MiX Telematics Limited (the “Company”) announcing dealings in securities by directors of the Company and by directors of major subsidiaries of the Company. The submission is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information contained in this Item 7.01, including the information contained in the presentation furnished as Exhibit 99.1 hereto, is being “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amen ded, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
No.
Description of Exhibit
99.1 Submission to the Johannesburg Stock Exchange - MiX - Dealings in securities by directors of MiX Telematics and directors major subsidiaries of MiX Telematics.
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MIX TELEMATICS LIMITED
By:
/s/ John Granara
Name: John Granara
Title: Vice President and Chief Financial Officer
Date: December 17, 2021
3
Exhibit 99.1
MIX TELEMATICS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1995/013858/06)
JSE share code: MIX ISIN: ZAE000125316
NYSE share code: MIXT
(“
MiX Telematics
” or “
the Company
”)
DEALINGS IN SECURITIES BY DIRECTORS OF MIX TELEMATICS AND BY DIRECTORS OF MAJOR SUBSIDIARIES OF MIX TELEMATICS: SHARE APPRECIATION RIGHTS
Shareholders are advised of the following information relating to the award and off-market acceptance of share appreciation rights (“
SARs
”) under the MiX Telematics Limited Long-Term Incentive Plan (“
LTIP
”), the vesting of which will occur on an annual basis in four equal tranches commencing on December 9, 2023 and will be subject to the performance condition of the achievement of 10% compounded annual growth in the MiX Telematics share price. The total value of each award will be determined, for the number of SARs exercised, by calculating the difference between the award price per SAR and the closing share price on the day before the exercise date.
Name of director:
John Granara
Acceptance date:
December 12, 2021
Class of securities:
SARs in respect of ordinary shares
Number of securities:
SARs awarded in respect of 700 000 ordinary shares
Award price per SAR:
R7.38
Nature of transaction:
Award of SARs under the LTIP
Nature and extent of directors’ interest:
Direct beneficial
Clearance to deal received:
Yes
Name of director:
Stefan Joselowitz
Acceptance date:
December 15, 2021
Class of securities:
SARs in respect of ordinary shares
Number of securities:
SARs awarded in respect of 800 000 ordinary shares
Award price per SAR:
R7.38
Nature of transaction:
Award of SARs under the LTIP
Nature and extent of directors’ interest:
Direct beneficial
Clearance to deal received:
Yes
Name of director:
Charles Tasker
Acceptance date:
December 13, 2021
Class of securities:
SARs in respect of ordinary shares
Number of securities:
SARs awarded in respect of 800 000 ordinary shares
Award price per SAR:
R7.38
Nature of transaction:
Award of SARs under the LTIP
Nature and extent of directors’ interest:
Direct beneficial
Clearance to deal received:
Yes
Name of director:
Catherine Lewis
Name of subsidiary company:
MiX Telematics International Proprietary Limited
Acceptance date:
December 14, 2021
Class of securities:
SARs in respect of ordinary shares
Number of securities:
SARs awarded in respect of 700 000 ordinary shares
Award price per SAR:
R7.38
Nature of transaction:
Award of SARs under the LTIP
Nature and extent of directors’ interest:
Direct beneficial
Clearance to deal received:
Yes
Name of director:
Gert Pretorius
Name of subsidiary companies:
MiX Telematics Africa Proprietary Limited and MiX Telematics Investments Proprietary Limited
Acceptance date:
December 14, 2021
Class of securities:
SARs in respect of ordinary shares
Number of securities:
SARs awarded in respect of 700 000 ordinary shares
Award price per SAR:
R7.38
Nature of transaction:
Award of SARs under the LTIP
Nature and extent of directors’ interest:
Direct beneficial
Clearance to deal received:
Yes
Name of director:
Rory McWilliams
Name of subsidiary companies:
MiX Telematics International Proprietary Limited
Acceptance date:
December 14, 2021
Class of securities:
SARs in respect of ordinary shares
Number of securities:
SARs awarded in respect of 200 000 ordinary shares
Award price per SAR:
R7.38
Nature of transaction:
Award of SARs under the LTIP
Nature and extent of directors’ interest:
Direct beneficial
Clearance to deal received:
Yes
2
Name of director:
Paul Dell
Name of subsidiary companies:
MiX Telematics Investments Proprietary Limited
Acceptance date:
December 15, 2021
Class of securities:
SARs in respect of ordinary shares
Number of securities:
SARs awarded in respect of 500 000 ordinary shares
Award price per SAR:
R7.38
Nature of transaction:
Award of SARs under the LTIP
Nature and extent of directors’ interest:
Direct beneficial
Clearance to deal received:
Yes
Name of director:
Kgomotso Bokaba
Name of subsidiary companies:
MiX Telematics International Proprietary Limited
Acceptance date:
December 15, 2021
Class of securities:
SARs in respect of ordinary shares
Number of securities:
SARs awarded in respect of 225 000 ordinary shares
Award price per SAR:
R7.38
Nature of transaction:
Award of SARs under the LTIP
Nature and extent of directors’ interest:
Direct beneficial
Clearance to deal received:
Yes
Name of director:
Daniel Reichenberg
Name of subsidiary companies:
MiX Telematics Africa Proprietary Limited
Acceptance date:
December 13, 2021
Class of securities:
SARs in respect of ordinary shares
Number of securities:
SARs awarded in respect of 225 000 ordinary shares
Award price per SAR:
R7.38
Nature of transaction:
Award of SARs under the LTIP
Nature and extent of directors’ interest:
Direct beneficial
Clearance to deal received:
Yes
December 17, 2021
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