Go Back Email this Link to a friend


Exxaro Resources Limited - Exercise Of Matching Awards And Sale In Terms Of The Deferred Bonus Plan Scheme

Release Date: 14/04/2015 16:17:00      Code(s): EXX     
EXXARO RESOURCES LIMITED
Incorporated in the Republic of South Africa
(Registration Number: 2000/011076/06)
JSE share code: EXX
ISIN code: ZAE000084992
ADR code: EXXAY
(?Exxaro?)


EXERCISE OF MATCHING AWARDS AND SALE IN TERMS OF THE DEFERRED BONUS
PLAN SCHEME (?DBP SCHEME?) BY A DIRECTOR OF EXXARO AND DIRECTOR OF
ITS MAJOR SUBSIDIARY

In terms of paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notice is
hereby given that a director of Exxaro and a director of a major subsidiary of Exxaro
exercised the pledged and matching awards granted in terms of the DBP Scheme and sold
Exxaro ordinary shares, after having received clearance to do so in terms of paragraph 3.66
of the JSE Limited Listings Requirements.

Class of shares:                             Ordinary
Nature of transaction:                       Exercise of pledged and matching awards
                                             vested and/or on market sale in terms of
                                             the DBP Scheme
Nature of interest:                          Direct Beneficial
Date of transaction:                         13 April 2015
DBP vesting date                             31 March 2015
Vesting period:                              3 years

Name:                                        SA Nkosi
Director:                                    Exxaro Resources Limited
Pledged shares vested and released:          3 099
Strike price per pledged share:              R210.50
VWAP on day of vesting:                      R102.59
Matching shares vested and sold:             1 507
Sale price per share:                        R90.13
Value of shares sold:                        R135,825.91
Matching shares vested and released:         1 592
Shares transferred into his portfolio:       4 691
Deemed value of transferred shares:          R426 411.90 (based on the closing market
                                             price of R90.90/share as at 13 April 2015)

Name:                                        MDM Mgojo
Director:                                    Exxaro Coal Proprietary Limited
Pledged shares vested and released:          1 455
Strike price per pledged share:              R210.00
VWAP on day of vesting:                      R102.59
Matching shares vested and sold:             1 455
Sale price per share:                        R90.12
Value of shares sold:                        R131,124.60
Shares transferred into his portfolio:       1 455
Deemed value of transferred shares:          R132 259.50 (based on the closing market
                                             price of R90.90/share as at 13 April 2015)


CH WESSELS
GROUP COMPANY SECRETARY

Sponsor
Deutsche Securities (SA) Proprietary Limited

14 April 2015

Date: 14/04/2015 04:17:00 Supplied by www.sharenet.co.za                     
Produced by the JSE SENS Department                             . The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.


                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2017 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.