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MOTUS HOLDINGS LIMITED - Exercise of Share Options in Terms of the Motus Holdings Share Incentive Scheme (2017 Awards)

Release Date: 16/09/2021 17:40
Code(s): MTH     PDF:  
Wrap Text
Exercise of Share Options in Terms of the Motus Holdings Share Incentive Scheme (2017 Awards)

Motus Holdings Limited

Incorporated in the Republic of South Africa

(Registration number: 2017/451730/06)

ISIN: ZAE000261913

Share code: MTH

("Motus" or “the Company”)

(2017 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 21 June 2017, at a grant price of R152.65 and participants have until 30
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:                                    11 692
Grant price:                                             R152.65
Date of award:                                           21 June 2017
Exercise date:                                           14 September 2021
Number of Motus shares received on exercise:             1 516
Deemed exercise price:                                   R103.2708
Total value of transaction:                              R156 558.53
Nature of interest:                                      Direct beneficial
Clearance to deal obtained:                              Yes

16 September 2021

Merchantec Capital

Date: 16-09-2021 05:40:00
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