MiX Telematics director just picked up 7,304,475 shares

Ian Jacobs, a director of MiX Telematics, recently acquired 7,304,475 shares of the company. The buys took place at $0.48 per share, on dates ranging from March 16 to March 18, 2022. Jacobs now owns 29,126,750 shares of the company. Jacobs operates out of Midrand, T3. Some additional info was provided as follows:

This includes 634,180 ADS translating to 15,854,500 ordinary shares held by 786 Partners LP, over which Ian Jacobs has voting power and 521,262 ADS translating to 13,031,550 ordinary shares held by 402 Fund LP, over which Ian Jacobs has voting power. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admi ssion of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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