MOTUS HOLDINGS LIMITED - General Repurchase of Shares on the Open Market

General Repurchase of Shares on the Open Market

MOTUS Holdings Limited
Incorporated in the Republic of South Africa
Registration number: 2017/451730/06
Share code: MTH
ISIN: ZAE000261913
(“Motus” or “the Company”)


GENERAL REPURCHASE OF SHARES ON THE OPEN MARKET

1.   INTRODUCTION
     In terms of paragraph 5.79 and 11.27 of the Listings Requirements of the JSE Limited (‘JSE’),
     shareholders are advised that Motus has cumulatively purchased 5 953 364 of its own ordinary
     shares, representing 3.0450% of the Company’s issued share capital in terms of the general
     authority granted by shareholders at the Company’s annual general meeting held on 12 November
     2019 (‘the General Repurchase’). 13 598 008 shares, representing 6.9550% of the General
     Repurchase remain under the general authority granted by shareholders.

     The General Repurchase was effected through the order book operated by the JSE trading system
     in a series of unrelated trades without any prior understanding or arrangement between Motus and
     the counter parties. No shares were purchased during any prohibited period.

2.   DETAILS OF THE GENERAL REPURCHASE

                                  Tranche 1          Tranche 2              Tranche 3
     Dates       of      General 26, 27, 28 February 9, 10, 11, 12, 13, 17, 9, 12, 13, 14, 15, 22,
     Repurchase                   2020, 2 March 2020 18, 19 March 2020      23, 30 October 2020,
                                                                            3 November 2020
     VWAP paid per share          R73.6258           R61.4442               R42.3293
     Lowest price paid per share R73.1348            R41.9500               R40.9561
     Highest price paid per share R75.5488           R68.9397               R44.5000
     Number        of      shares 1 000 000          2 723 000              2 230 364
     repurchased
     Total value of shares R73 625 781.65            R167 312 618.53        R94 409 845.24
     repurchased

     The number of treasury shares of the Company following the General Repurchase increased by
     950 000, resulting in a total of 5196259 treasury shares.

     The Company will be applying to the JSE for the cancellation and delisting of the 1 280 364 of the
     repurchased shares that have not yet been cancelled at a date to be approved by the JSE which is
     expected to be on or about Friday, 13 November 2020.

3.   STATEMENT BY THE DIRECTORS
     The directors of Motus confirm that, after considering the effect of the General Repurchase, for a
     period of 12 months after the date of this announcement:

         •   Motus and its subsidiaries (‘the Group’) will be able in the ordinary course of business to
             pay its debts;
         •   The assets of the Company and the Group will be in excess of the liabilities of the
             Company and the Group;

         •   The share capital and reserves of Motus and the Group will be adequate for ordinary
             business purposes;

         •   The working capital of Motus and the Group will be adequate for ordinary business
             purposes; and

         •   The Company and the Group have passed the solvency and liquidity test and since the test
             was performed, there have been no material changes to the financial position of the Group.

4.   SOURCE OF FUNDS
     The General Repurchase was funded from the Company’s available cash resources.

5.   IMPACT OF THE GENERAL REPURCHASE ON THE FINANCIAL INFORMATION OF THE
     COMPANY
     The Company’s cash balances decreased by R 337 153 712.52, including transaction costs, as a
     result of the General Repurchase, with R94 918 134.37 being incurred in the current financial year.

Bedfordview
05 November 2020

Sponsor:
The Standard Bank of South Africa Limited

Date: 05-11-2020 08:00:00
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