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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 director of ARM. The calculation for the
equity settlement of these shares is based upon ARM’s closing share price of
R194.79 on Wednesday, 25 September 2013.
Name of director Wilson Mangisi Gule
Category of director Non-Executive
1. Bonus shares
Date of transaction 26 September 2013
Nature of transaction Equity settlement of bonus shares in
terms of The African Rainbow
Minerals Limited 2008 Share Plan in
an off-market transaction
Dates of grants 15 October 2010, 29 September 2011,
9 November 2011 and 15 October 2012
Vesting date 30 June 2013
Class of securities Ordinary shares
Number of bonus shares settled 16 733
Total value of transaction R3 259 421.07
Nature of interest Direct, beneficial
2. Performance shares
Date of transaction 26 September 2013
Nature of transaction Equity settlement of performance
shares in terms of The African
Rainbow Minerals Limited 2008 Share
Plan in an off-market transaction
Dates of awards 15 October 2010, 29 September 2011,
9 November 2011 and 15 October 2012
Vesting date 30 June 2013
Class of securities Ordinary shares
Number of performance shares settled 8 778
Total value of transaction R1 709 866.62
Nature of interest Direct, beneficial
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 ARM securities by a director
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
director to sell shares to settle the tax payable on the settlement of bonus
shares and performance shares as described in “A” above.
Name of director Wilson Mangisi Gule
Category of director Non-executive
Date of transaction 26 September 2013
Nature of transaction On-market sale of shares
Class of securities Ordinary shares
Number of securities sold 10 408
Selling price of securities Average price of R191.8871 per share
(with a low of R191.20 and a high of
R193.00)
Total value of transaction R1 997 160.94
Nature of interest Direct, beneficial
Clearance to deal Yes
Sandton
27 September 2013
Sponsor to ARM:
Deutsche Securities (SA) Proprietary Limited
Date: 27/09/2013 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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