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Dealings in securities by directors of ARM
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”)
Dealings in securities by directors of ARM
Deferred Bonus/Co-investment Scheme
A. In terms of paragraphs 3.63 to 3.66 of the Listings Requirements of the JSE
Limited (“the Listings Requirements”), the following information is provided
regarding the grant to and acceptance by the undermentioned directors of ARM
of bonus shares and performance shares in ARM. These awards are made in terms
of The African Rainbow Minerals Limited 2008 Share Plan and in terms of ARM’s
deferred bonus/co-investment scheme approved by ARM’s Board of Directors. The
calculation of these grants and awards is based upon the volume weighted
average price of the ARM shares for the 20 trading days ended 25 October 2013,
which was R195.96.
1. Bonus shares
Grant date 28 October 2013
Nature of transaction Grants of bonus shares in terms of The
African Rainbow Minerals Limited 2008 Share
Plan in off-market transactions
Vesting date for settlement 29 October 2016
Class of securities Ordinary shares
Extent of interest Direct, beneficial
2. Performance shares
Award date 28 October 2013
Nature of transaction Awards of performance shares in terms of The
African Rainbow Minerals Limited 2008 Share
Plan in off-market transactions
Vesting date for settlement 29 October 2016
Class of securities Ordinary shares
Extent of interest Direct, beneficial
Name Designation Number of Value
Bonus
Shares* R
PT Motsepe Executive chairman 21 431 4 199 618.76
MP Schmidt Chief executive officer 16 371 3 208 061.16
AJ Wilkens Executive director 14 194 2 781 456.24
* The vesting of the Bonus shares is conditional on continued employment with
ARM.
Name Designation Number of Value
Performance
Shares* R
PT Motsepe Executive chairman 21 431 4 199 618.76
MP Schmidt Chief executive officer 16 371 3 208 061.16
AJ Wilkens Executive director 14 194 2 781 456.24
* The vesting of the Performance shares is conditional on performance
measures.
The Board of Directors of ARM, on the recommendation of the remuneration
committee, granted the necessary authority to grant and award these bonus
shares and performance shares in terms of paragraph 3.66 of the Listings
Requirements.
Equity settlement of bonus shares and performance shares
B. 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 R194.30 on Tuesday, 15 October 2013.
1. Bonus shares
Date of transaction 28 October 2013
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 2010
Vesting date 16 October 2013
Class of securities Ordinary shares
Extent of interest Direct, beneficial
Name Designation Number of Value
Bonus
Shares
settled R
PT Motsepe Executive chairman 16 847 3 273 372.10
MP Schmidt Chief executive officer 2 790 542 097.00
M Arnold Financial director 3 696 718 132.80
DV Simelane Executive director 2 779 539 959.70
AJ Wilkens Executive director 13 406 2 604 785.80
AN D’Oyley Company secretary 1 242 241 320.60
2. Performance shares
Date of transaction 28 October 2013
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 2010
Vesting date 16 October 2013
Class of securities Ordinary shares
Extent of interest Direct, beneficial
Name Designation Number of Value
Performance
Shares
settled R
PT Motsepe Executive chairman 12 786 2 484 319.80
MP Schmidt Chief executive officer 2 742 532 770.60
M Arnold Financial director 3 545 688 793.50
DV Simelane Executive director 2 666 518 003.80
AJ Wilkens Executive director 12 859 2 498 503.70
AN D’Oyley Company secretary 955 185 556.50
The Board of Directors of ARM, on the recommendation of 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 of ARM (sale of shares to settle tax
payable)
C. 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 “B” above.
Date of transaction 28 October 2013
Nature of transaction On-market sale of shares
Class of securities Ordinary shares
Number of securities 18 227
Selling price of securities Average price of R199.9723 per share (with a
low of R199.80 and a high of R200.50)
Total value of transaction R3 644 895.11
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 2 160 431 952.87
M Arnold Financial director 2 827 565 396.00
D V Simelane Executive director 2 126 425 159.68
AJ Wilkens Executive director 10 256 2 050 839.12
AN D’Oyley Company secretary 858 171 547.44
Transfer of shares
D. 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 “B” above to Botho-Botho Commercial Enterprises (Pty) Ltd
(“BBCE”). The entire issued share capital of BBCE is held and beneficially
owned by Trusts all of which, except The Motsepe Foundation, own those shares
for the benefit of Mr Patrice Motsepe and his immediate family (Motsepe Family
Structure). The Motsepe Foundation applies the benefits emanating from its
indirect shareholding in ARM for philanthropic purposes. 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 28 October 2013
Nature of transaction Transfer of shares to the Motsepe Family
Structure with no change in beneficial
ownership.
Deemed price of securities Closing price of R194.30 on Tuesday, 15
transferred October 2013
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 29 633 5 757 691.90
Sandton
30 October 2013
Sponsor to ARM:
Deutsche Securities (SA) Proprietary Limited
Date: 30/10/2013 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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