This report contains a copy of the submission to the Johannesburg Stock Exchange by MiX Telematics Limited (the “Company”) announcing dealings in securities by a director 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 amended, or the Exchange Act, except as shall be expressl y 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
a director
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: March 25, 2022
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
”
)
DEALINGS IN SECURITIES BY A DIRECTOR OF MIX TELEMATICS
Shareholders are advised of the following information relating to dealings in securities by a director MiX Telematics relating to the exercise of share appreciation rights (“
SARs
”)
under the MiX Telematics Limited Long-Term Incentive Plan (“
LTIP
”).
Stefan Joselowitz is exercising 1 000 000 SARs, equating to 589 958 ordinary shares, granted to him under the LTIP as set out in the table below and his intention is to retain all of the shares issued to him, thereby increasing his direct beneficial shareholding in MiX Telematics to 772 086 American Depositary Shares (equivalent to 19 302 149 ordinary shares).
Mr. Joselowitz, who is paying the associated costs of this transaction out of pocket, commented: “I am pleased to increase my ownership position in MiX Telematics and further align myself with our shareholders. This transaction underscores the confidence I have in the business and the exciting opportunities we have to generate significant value for our customers and shareholders.”
Name of director:
Stefan Joselowitz
Transaction date:
March 23, 2022
Class of securities:
Ordinary shares issued to settle gain from SARs exercised
Nature of transaction:
Off-market exercise of SARs under the LTIP
Nature and extent of director’s interest:
Direct beneficial
Clearance to deal received:
Yes
* One American Depositary Share equals 25 ordinary shares.
SARS exercised:
Award date
Number exercised
Award price
Exercise price
Total gain on SARs
Ordinary shares issued
May 30, 2016
1 000 000
R2.94
R7.17
R
4 229 998.86
589 958
March 25, 2022
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