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KUMBA IRON ORE LIMITED - Grant and acceptance of share options by a director of Kumba Iron Ore Ltd

Release Date: 07/10/2016 13:58
Code(s): KIO     PDF:  
Wrap Text
Grant and acceptance of share options by a director of Kumba Iron Ore Ltd

Kumba Iron Ore Limited
A member of the Anglo American plc group
(Incorporated in the Republic of South Africa)
(Registration number 2005/015852/06)
Share code: KIO
ISIN: ZAE000085346
(“Kumba”)

GRANT AND ACCEPTANCE OF SHARE OPTIONS BY A DIRECTOR OF KUMBA IRON ORE LTD

In terms of the Listings Requirements of the JSE Limited, the following information is disclosed:

Director:                              Themba Moyeni Mkhwanazi
Company:                               Kumba Iron Ore Limited
Grant date:                            15 September 2016
Acceptance date:                       7 October 2016
Nature of transaction:                 Off market grant and acceptance of Long Term Incentive
                                       Plan (“LTIP”) options
Class of securities:                   Ordinary shares
Number of options:                     23 774
Option strike price:                   R126,19
Value of transaction:                  R3,000,041.06
Vesting period:                        Share options vest after three years on certain performance
                                       criteria being met in terms of Kumba LTIP
Nature of interest:                    Direct beneficial
Clearance obtained:                    Yes

7 October 2016


Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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