Key facts
- This page summarizes Stephen R. Bruyns's Form 4 filing for MiX Telematics Ltd.
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 04 Apr 2024, 20:03.
Stephen R. Bruyns - 02 Apr 2024 Form 4 Insider Report for MiX Telematics Ltd
- Reporting relationship
- Director
- Issuer ticker
- N/A
- Reported as of
- 02 Apr 2024
- Net transaction value
- $0
- Reporting owner signature
- /s/ Stephen R. Bruyns, by Paul M. Dell, as Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
Stephen R. Bruyns filed Form 4 for MiX Telematics Ltd on 04 Apr 2024.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
MIXT
transaction
Ordinary Shares
Disposed to Issuer
- Transaction value
- Shares
- -3,696,563
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 02 Apr 2024
- Ownership
- See footnote
- Footnotes
- F1, F2, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Stephen R. Bruyns is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 4 footnotes
Footnote 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,
Footnote 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.
Footnote F3
Disposed of pursuant to the Agreement in exchange for 471,755 shares of Powerfleet Common Stock having a market value of approximately $2,415,386 on the Scheme Implementation Date.
Footnote F4
This includes 3,696,563 MiX Ordinary Shares held by IS Wealth Creator SPI SR Bruyns. IS Wealth Creator SPI SR Bruyns is an endowment policy entity owned by Richard Bruyns. Voting and investment power over the ordinary shares held by IS Wealth Creator SPI SR Bruyns is exercised by Richard Bruyns. 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.