Wrap Text
EXX - Exxaro Resources Limited - Acceptance of conditional awards granted in
terms of the rules of Exxaro`s long term incentive plan ("LTIP") and share
appreciation rights ("SAR") scheme to directors of the company`s major
subsidiaries
Exxaro Resources Limited
(formerly Kumba Resources Limited)
Incorporated in the Republic of South Africa
(Registration Number: 2000/011076/06)
Share Code: EXX
ISIN Number: ZAE000084992
("Exxaro" or "the company")
ACCEPTANCE OF CONDITIONAL AWARDS GRANTED IN TERMS OF THE RULES OF EXXARO`S LONG
TERM INCENTIVE PLAN ("LTIP") AND SHARE APPRECIATION RIGHTS ("SAR") SCHEME TO
DIRECTORS OF THE COMPANY`S MAJOR SUBSIDIARIES
In compliance with clauses 3.63 and 3.64 of the JSE Listings Requirements notice
is hereby given that, as at 30 April 2008, the directors listed below accepted
incentive awards as indicated:
LTIP Performance period: The vesting of the LTIP awards is conditional
upon the achievement of group performance
targets over a period of 3 years (01/01/2008
to 31/12/2010)
Class of shares: Ordinary
Nature of transaction: Acceptance of LTIP awards
Nature of interest: Direct Beneficial
SAR Performance period: The vesting of the SAR awards is conditional
upon the achievement of group performance
targets over a minimum period of 3 years and
maximum period of 5 years (total lapse period
of 7 years - 01/04/2008 to 01/04/2015)
Class of shares: Ordinary
Nature of transaction: Acceptance of SAR awards
Nature of interest: Direct Beneficial
------------------------------------------------------------
Name: WA de Klerk
LTIP awarded (face value): 16,418 (R 1,844,562.30)
SAR awarded (face value): 16,410 (R 1,843,663.50)
Name: L Groenewald
LTIP awarded (face value): 4,360 (R 489,846.00)
SAR awarded (face value): 4,350 (R 488,722.50)
Name: PA Koppeschaar
LTIP awarded (face value): 8,644 (R 971,153.40)
SAR awarded (face value): 8,640 (R 970,704.00)
Name: MDM Mgojo
LTIP awarded (face value): 15,724 (R 1,766,591.40)
SAR awarded (face value): 15,720 (R 1,766,142.00)
Name: IC Prinsloo
LTIP awarded (face value): 4,040 (R 453,894.00)
SAR awarded (face value): 4,030 (R 452,770.50)
Name: R Smit
LTIP awarded (face value): 4,258 (R 478,386.30)
SAR awarded (face value): 4,250 (R 477,487.50)
Name: R Strydom
LTIP awarded (face value): 8,302 (R 932,729.70)
SAR awarded (face value): 8,300 (R 932,505.00)
Name: WH van Niekerk
LTIP awarded (face value): 8,994 (R 1,010,475.90)
SAR awarded (face value): 8,990 (R 1,010,026.50)
Name: PE Venter
LTIP awarded (face value): 18,114 (R 2,035,107.90)
SAR awarded (face value): 18,110 (R 2,034,658.50)
Name: MR Walker
LTIP awarded (face value): 4,054 (R 455,466.90)
SAR awarded (face value): 4,050 (R 455,017.50)
Name: MS Viljoen (company secretary)
LTIP awarded (face value): 4,216 (R 473,667.60)
SAR awarded (face value): 4,210 (R 472,993.50)
Clearance in terms of 3.66 of the JSE listings Requirements has been obtained.
MS VILJOEN
COMPANY SECRETARY
Sponsor
JP Morgan Equities Limited
5 May 2008
Date: 05/05/2008 15:43:01 Supplied by www.sharenet.co.za
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