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 | |
DEALINGS IN SECURITIES BY A DIRECTOR OF A MAJOR SUBSIDIARY OF MIX TELEMATICS
Shareholders are advised of the following information relating to dealings in securities by a director of a major subsidiary of MiX Telematics relating to the exercise of share appreciation rights (“SARs”) under the MiX Telematics Limited Long-Term Incentive Plan (“LTIP”).
Catherine Lewis is exercising 1 118 750 SARs granted to her under the LTIP as set out in the table below. Lewis’ intention is to sell 597 838 of the shares issued to her in respect of these SARs (in part to cover the immediate tax obligation arising from the exercise) and she will retain the remaining 100 000 shares issued. Accordingly, at the conclusion of this transaction, Lewis will have increased her current shareholding in MiX Telematics by 100 000 ordinary shares bringing the total ordinary shares owned by herself to 1 624 500 ordinary shares.
| Name of director: | Catherine Lewis |
| Name of subsidiary company: | MiX Telematics International Proprietary Limited |
| Transaction date: | September 12, 2019 |
| 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 |
SARS exercised:
| Award date | Number exercised | Award price | Exercise price | Total gain on SARs | Ordinary shares issued |
31 August 2015 | 375 000 | R3.13 | R8.50 | R2 013 751 | 236 912 |
30 May 2016 | 250 000 | R2.94 | R8.50 | R1 389 997 | 163 529 |
24 November 2016 | 218 750 | R3.28 | R8.50 | R1 141 873 | 134 338 |
30 May 2017 | 275 000 | R3.46 | R8.50 | R1 386 002 | 163 059 |
| | 1 118 750 | | | R5 931 623 | 697 838 |
September 13, 2019
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