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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: 02/07/2019 17:45
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 50,000 ADSs as further set out below, being the full allowance
permissible under the Trading Plan for the month of July 2019. Shareholders are hereby further advised that
following the sale set out hereunder, the sale of the 350,000 ADSs has been concluded. Stefan Joselowitz still
beneficially owns 723,681 ADSs (equivalent to 18,092,025 ordinary shares).

Name of director:                         Stefan Joselowitz
Transaction date:                         July 1, 2019
Class of securities:                      ADS*
Number of securities                      50,000 (made up of 1,250,000 ordinary shares)
Highest traded price per security: **     USD15.31
Weighted average price per security:      USD15.1546
Lowest traded price per security: **      USD14.98
Total value:                              USD757,730.00
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 needed to create some liquidity to partially diversify my investments and begin thinking about estate
planning. MiX continues to be the main component of my investment portfolio now that this selling program is
completed and I am still 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.”

July 2, 2019


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Date: 02/07/2019 05:45:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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