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MIX TELEMATICS LIMITED - Dealings in securities by a director of MiX Telematics in terms of a Rule 10b5-1 trading plan

Release Date: 07/06/2019 12:05
Code(s): MIX     PDF:  
 
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Dealings in securities by a director of MiX Telematics in terms of a Rule 10b5-1 trading plan

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 IN TERMS OF A RULE 10B5-1 TRADING PLAN


Shareholders are referred to the SENS announcement published on December 6, 2018 wherein shareholders were
advised that Stefan Joselowitz had established a pre-arranged trading plan to sell up to 350,000 American 
Depositary Shares ("ADSs"), being equivalent to 8,750,000 ordinary shares over a 6 to 12 month period as 
part of a long-term strategy for asset diversification and estate planning in accordance with Rule 10b5-1 
under the Securities Exchange Act of 1934, as amended ("the Trading Plan").

Shareholders are accordingly advised of the sale of 60,000 ADSs as further set out below, being the full 
allowance permissible under the Trading Plan for the month of June 2019. This brings the total number of 
shares sold under this plan so far to 300,000 ADRs. If all the planned sales under the Trading Plan are 
completed, Stefan Joselowitz will still beneficially own 723,681 ADSs (equivalent to 18,092,025 ordinary shares).

Name of director:                           Stefan Joselowitz
Transaction date:                           June 3, 2019
Class of securities:                        ADS*
Number of securities                        38 680 (made up of 967,000 ordinary shares)
Highest traded price per security: **       USD16.02
Weighted average price per security:        USD15.8604
Lowest traded price per security: **        USD15.65
Total value:                                USD613 480.27
Nature of transaction:                      On-market sale of ADSs through the NYSE
Nature and extent of director's interest:   Direct beneficial
Clearance to deal received:                 Yes

Name of director:                           Stefan Joselowitz
Transaction date:                           June 4, 2019
Class of securities:                        ADS*
Number of securities                        20 887 (made up of 522,175 ordinary shares)
Highest traded price per security: **       USD15.915
Weighted average price per security:        USD15.788
Lowest traded price per security: **        USD15.51
Total value:                                USD329 763.96
Nature of transaction:                      On-market sale of ADSs through the NYSE
Nature and extent of director's interest:   Direct beneficial
Clearance to deal received:                 Yes

Name of director:                           Stefan Joselowitz
Transaction date:                           June 5, 2019
Class of securities:                        ADS*
Number of securities                        433 (made up of 10,825 ordinary shares)
Highest traded price per security: **       USD15.993
Weighted average price per security:        USD15.9208
Lowest traded price per security: **        USD15.65
Total value:                                USD6 893.71
Nature of transaction:                      On-market sale of ADSs through the NYSE
Nature and extent of director’s interest:   Direct beneficial
Clearance to deal received:                 Yes

* One American Depositary Share represents 25 ordinary shares.
**Highest and lowest traded prices per security on the market on the day.
                                                                                                                      
Stefan Joselowitz reiterates, "I am proud of the great company we have built since I founded MiX Telematics in 1996.
My stake in the company currently represents a significant portion of my investment portfolio and I have reached a stage
of life where I need to create some liquidity to partially diversify my investments and begin thinking about estate
planning. MiX will continue to be the main component of my investment portfolio once this selling program is completed
and I will still be one of the company’s largest shareholders. I am very excited about the future of MiX Telematics and
remain focused on executing on our strategic priorities to generate additional value for all shareholders."

June 7, 2019


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Date: 07/06/2019 12:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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