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Acceptance of share options, 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”)
Acceptance of share options, bonus shares and performance shares
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 acceptance of share options, conditional bonus shares and
conditional performance shares by the undermentioned executive directors and
company secretary of the Company:
1. Share options
Date of acceptance 13 November 2013
Nature of transaction Grants and acceptances of share options in
terms of The African Rainbow Minerals Share
Incentive Scheme in off market transactions
Strike price R200.75 per share option
Vesting date for exercising of All options vest on 30 October 2017 for
options the executive directors and on 30 October
2016 for the company secretary
Any options not exercised by 30 October 2021
will lapse
Class of securities Ordinary shares
Extent of interest Direct, beneficial
Name Designation Number Strike value
of Share of Share
options* options
R
PT Motsepe Executive chairman 20 223 4 059 767.25
MP Schmidt Chief executive officer 15 963 3 204 572.25
M Arnold Financial director 11 245 2 257 433.75
DV Simelane Executive director 8 238 1 653 778.50
AJ Wilkens Executive director 15 378 3 087 133.50
AN D’Oyley Company secretary 2 865 575 148.75
* The vesting of share options is conditional on continued employment by ARM
and where applicable, the reasons for the cessation of such employment.
2. Bonus shares
Acceptance date 13 November 2013
Nature of transaction Grants and acceptances of conditional bonus
shares in terms of The African Rainbow
Minerals Limited 2008 Share Plan in off
market transactions
Vesting date for settlement 30 October 2017 (executive directors)
30 October 2016 (company secretary)
Class of securities Ordinary shares
Extent of interest Direct, beneficial
Name Designation Number of Value of
Bonus grant
Shares * R
PT Motsepe Executive chairman 31 235 6 131 430.50
MP Schmidt Chief executive officer 21 245 4 170 393.50
M Arnold Financial director 10 361 2 033 864.30
DV Simelane Executive director 7 590 1 489 917.00
AJ Wilkens Executive director 14 170 2 781 571.00
AN D’Oyley Company secretary 1 446 283 849.80
* The vesting of bonus shares is conditional on continued employment by ARM
and where applicable, the reasons for the cessation of such employment.
The calculation of the value of these grants is based upon the volume
weighted average ARM share price for the 20 trading days ended 28 October
2013, which was R196.30.
3. Performance shares
Acceptance date 13 November 2012
Nature of transaction Awards and acceptances of conditional
performance shares in terms of The African
Rainbow Minerals Limited 2008 Share Plan in
off market transactions
Vesting date for settlement 30 October 2017 (executive directors)
30 October 2016 (company secretary)
Class of securities Ordinary shares
Extent of interest Direct, beneficial
Name Designation Number of Value of
Performance award
Shares * R
PT Motsepe Executive chairman 40 314 7 913 638.20
MP Schmidt Chief executive officer 33 344 6 545 427.20
M Arnold Financial director 21 096 4 141 144.80
DV Simelane Executive director 8 425 1 653 827.50
AJ Wilkens Executive director 15 727 3 087 210.10
AN D’Oyley Company secretary 1 066 209 255.80
* The vesting of performance shares is conditional on performance criteria and
continued employment by ARM and where applicable, the reasons for the
cessation of such employment.
The calculation of the value of these awards is based upon the volume
weighted average ARM share price for the 20 trading days ended 28 October
2013, which was R196.30.
The Board of Directors of ARM, on the recommendation of the Remuneration
Committee, approved the grant of the share options and the bonus shares and
the award of the performance shares as set out above in terms of paragraph
3.66 of the Listings Requirements.
Sandton
15 November 2013
Sponsor to ARM:
Deutsche Securities (SA) Proprietary Limited
Date: 15/11/2013 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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