| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | MIXT | Ordinary Shares | Disposed to Issuer | -241K | -100% | 0 | Apr 2, 2024 | Direct | F1, F2, F3 | ||
| transaction | MIXT | Ordinary Shares | Disposed to Issuer | -34.1M | -100% | 0 | Apr 2, 2024 | See footnote | F1, F2, F4, F5 |
Ian Jacobs is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | On April 2, 2024 (the "Scheme Implementation Date"), the parties to the implementation agreement, dated as of October 10, 2023 (the "Agreement"), by and among MiX Telematics Limited ("MiX Telematics"), Powerfleet, Inc. ("Powerfleet), and Main Street 2000 Proprietary Limited ("Powerfleet Sub"), completed the transactions contemplated thereby (the "Business Combination"), pursuant to which (i) Powerfleet Sub acquired all of the issued ordinary shares of Mix Telematics, no par value ("MiX Ordinary Shares"), including the MiX Ordinary Shares represented by Mix Telematics' American Depositary Shares ("MiX ADSs"), |
| F2 | through the implementation of a scheme of arrangement (the "Scheme") in accordance with Sections 114 and 115 of the South African Companies Act, No. 71 of 2008, as amended, in exchange for shares of common stock, par value $0.01 per share, of Powerfleet ("Powerfleet Common Stock") and (ii) as a result of the transactions, including the Scheme, contemplated by the Agreement, MiX Telematics became an indirect, wholly owned subsidiary of Powerfleet. |
| F3 | Disposed of pursuant to the Agreement in exchange for 30,718 shares of Powerfleet Common Stock having a market value of approximately $157,276 on the Scheme Implementation Date. |
| F4 | Disposed of pursuant to the Agreement in exchange for 4,351,351 shares of Powerfleet Common Stock having a market value of approximately $22,278,917 on the Scheme Implementation Date. |
| F5 | This includes 842,584 MiX ADSs representing 21,064,600 MiX Ordinary Shares held by 786 Partners LP, over which Ian Jacobs has voting power and 521,262 MiX ADSs translating to 13,031,550 MiX Ordinary Shares held by 402 Fund LP, over which Ian Jacobs has voting power. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose. |