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Equity settlement of bonus shares and performance shares
African Rainbow Minerals Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1933/004580/06)
JSE Share code: ARI
ISIN: ZAE000054045
(“ARM” or “the Company”)
Equity settlement of bonus shares and performance shares
A. In terms of paragraphs 3.63 to 3.66 of the Listings Requirements of the
JSE Limited (“the Listings Requirements”), we provide the following
information regarding the equity settlement of bonus shares and performance
shares by ARM to the undermentioned directors and the company secretary of
ARM. The calculation for the equity settlement of these shares is based upon
the closing share price of R166.00 on Monday, 15 October 2012.
1. Bonus shares
Date of transaction 19 October 2012
Nature of transaction Equity settlement of bonus shares in
terms of The African Rainbow Minerals
Limited 2008 Share Plan in off market
transactions
Date of grant 15 October 2009
Vesting date 16 October 2012
Class of securities Ordinary shares
Extent of interest Direct, beneficial
Name Designation Number of Value
Bonus
Shares
settled R
PT Motsepe Executive chairman 2 919 484 554.00
MP Schmidt Chief executive officer 385 63 910.00
M Arnold Financial director 523 86 818.00
WM Gule Executive director 585 97 110.00
AJ Wilkens Executive director 2 935 487 210.00
2. Performance shares
Date of transaction 19 October 2012
Nature of transaction Equity settlement of performance shares in
terms of The African Rainbow Minerals
Limited 2008 Share Plan in off market
transactions
Date of award 15 October 2009
Vesting date 16 October 2012
Class of securities Ordinary shares
Extent of interest Direct, beneficial
Name Designation Number of Value
Performance
Shares
settled R
PT Motsepe Executive chairman 21 803 3 619 298.00
MP Schmidt Chief executive officer 3 906 648 396.00
M Arnold Financial director 7 306 1 212 796.00
WM Gule Executive director 4 373 725 918.00
AJ Wilkens Executive director 21 928 3 640 048.00
AN D’Oyley Company secretary 3 117 517 422.00
The remuneration committee granted the necessary authority to settle these
bonus shares and performance shares in terms of paragraph 3.66 of the Listings
Requirements.
Dealings in securities by directors
B. In terms of paragraphs 3.63 to 3.66 of the Listings Requirements, the
following information is provided regarding the election by the undermentioned
directors to sell shares to settle the tax payable on the settlement of bonus
shares and performance shares as described in “A” above.
Date of transaction 19 October 2012
Nature of transaction On market sale of shares
Class of securities Ordinary shares
Number of securities 17 675
Selling price of securities Average price of R170.0659 per share (with a
low of R170.00 and a high of R170.11)
Total value of transaction R3 005 914.78
Nature of interest Direct, beneficial
Clearance to deal Yes
Name Designation Number of Total value
Ordinary of
shares sold transactions
R
MP Schmidt Chief executive officer 1 683 286 261.71
M Arnold Financial director 3 071 522 289.20
WM Gule Executive director 1 945 330 758.71
AJ Wilkens Executive director 9 753 1 658 663.48
AN D’Oyley Company secretary 1 223 207 941.68
C. In terms of paragraphs 3.63 to 3.66 of the Listings Requirements, the
following information is provided regarding the election by the executive
chairman, Mr Patrice Motsepe, to transfer his shares acquired by subscription
as described in “A” above to Botho-Botho Commercial Enterprises (Pty) Limited
(“BBCE”). The entire issued share capital of BBCE is held and beneficially
owned by trusts established for the benefit of Mr Patrice Motsepe and his
immediate family (Motsepe Family Structure). The requisite clearances and
approvals for this transaction have been obtained in compliance with the
Securities Dealing Policies and Procedures of ARM.
Date of transaction 19 October 2012
Nature of transaction Transfer of shares to the Motsepe Family
Selling price of securities Structure with no change in beneficial
ownership.
Closing price of R166.00 on Monday, 15
October 2012
Class of securities Ordinary shares
Nature of interest Indirect, beneficial
Clearance to deal Yes
Name Designation Number of Total value
Ordinary of shares
shares transferred
transferred R
PT Motsepe Executive chairman 24 722 4 103 852.00
Sandton
22 October 2012
Sponsor to ARM:
Deutsche Securities (SA) (Proprietary) Limited
Date: 22/10/2012 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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