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MOTUS HOLDINGS LIMITED - Exercise of Share Options in Terms of the Motus Holdings Share Incentive Scheme (2015 Awards)

Release Date: 15/06/2022 16:23
Code(s): MTH     PDF:  
Wrap Text
Exercise of Share Options in Terms of the Motus Holdings Share Incentive Scheme (2015 Awards)

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


EXERCISE OF SHARE OPTIONS IN TERMS OF THE MOTUS HOLDINGS SHARE INCENTIVE
SCHEME (2015 AWARDS)


In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings Requirements of JSE Limited
(“JSE”), the following information is disclosed:

During November 2018, Motus was unbundled from Imperial Holdings Limited (“Imperial”) and listed
separately on the JSE. Motus directors and prescribed officers continue to participate in the Imperial
Holdings Share Appreciation Rights (“SAR”) Scheme in terms of awards made prior to the unbundling.

The SARs were awarded on 6 October 2015, at a grant price of R174. 65 and its participants have until
23 June 2022 to exercise their rights. On the SAR exercise date, the appreciation in each SAR is
calculated by deducting the grant price from the exercise price (“Appreciation Value”). This exercise
price is the combined market value of a Motus and Imperial share on the business day immediately
preceding the exercise date. Following the exercise of the SAR, the participant receives Motus shares
from the Company equal to the Appreciation Value.

Prescribed Officer:                                     Niall Lynch
Company:                                                Motus Holdings Limited
Class of securities:                                    Ordinary shares of no par value
Nature of transaction:                                  Off-market exercise of SARs
Number of SAR awards:                                   19 829
Grant price:                                            R174.65
Date of award:                                          6 October 2015
Exercise date:                                          13 June 2022
Number of Motus shares received on exercise:            879
Deemed exercise price:                                  R113.6910
Total value of transaction:                             R99 934.39
Nature of interest:                                     Direct beneficial
Clearance to deal obtained:                             Yes


Bedfordview
15 June 2022

Sponsor
Merchantec Capital

Date: 15-06-2022 04:23:00
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