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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
Equity settlement of bonus shares and performance shares
A. In terms of paragraphs 3.63 to 3.66 of the Listings Requirements, the
following information is provided regarding the equity settlement of bonus
shares and performance shares by ARM to the undermentioned directors of ARM.
These awards were made in terms of The African Rainbow Minerals Limited 2008
Share Plan and on recommendation of the Remuneration Committee, approved by
ARM’s Board of Directors. The calculation for the equity settlement of these
shares is based upon the closing ARM share price of R55.00 on Monday, 9
November 2015.
1. Bonus shares
Date of transaction 2 December 2015
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 9 November 2011
Vesting date 10 November 2015
Class of securities Ordinary shares
Extent of interest Direct, beneficial
Name Designation Number of Value
Bonus
Shares
settled R
PT Motsepe Executive chairman 28 381 1 560 955.00
MP Schmidt Chief executive officer 5 062 278 410.00
M Arnold Financial director 8 693 478 115.00
AJ Wilkens Executive director 24 112 1 326 160.00
2. Performance shares
Date of transaction 2 December 2015
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 9 November 2011
Vesting date 10 November 2015
Class of securities Ordinary shares
Extent of interest Direct, beneficial
Name Designation Number of Value
Performance
Shares
settled R
PT Motsepe Executive chairman 23 994 1 319 670.00
MP Schmidt Chief executive officer 20 260 1 114 300.00
M Arnold Financial director 10 125 556 875.00
AJ Wilkens Executive director 25 278 1 390 290.00
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.
Transfer of shares
B. 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 African Rainbow Minerals & Exploration
Investments Proprietary Limited (“ARMI”). All the shares of ARMI are
indirectly held and beneficially owned by trusts, which trusts, with the
exception of the Motsepe Foundation, hold those shares for the benefit of Mr
Patrice Motsepe and his immediate family. The Motsepe Foundation applies the
benefits emanating from its indirect shareholding in ARMI 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 2 December 2015
Nature of transaction Transfer of shares to the Motsepe Family
Structure with no change in beneficial
ownership.
Deemed price of securities Closing price of R55.00 on Monday, 9
transferred November 2015
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 52 375 2 880 625.00
C. In terms of paragraphs 3.63 to 3.66 of the Listings Requirements, the
following information is provided regarding the election by Mr Wilkens, to
transfer his shares acquired by subscription as described in “A” above to
Jeandre Investment Trust (“JIT”). All the shares of JIT are held for the
benefit of Mr Wilkens and his immediate family. 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 2 December 2015
Nature of transaction Transfer of shares to Jeandre Investment
Trust with no change in beneficial ownership
Deemed price of securities Closing price of R55.00 on Monday, 9
transferred November 2015
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
AJ Wilkens Executive director 49 390 2 716 450.00
D. In terms of paragraphs 3.63 to 3.66 of the Listings Requirements, the
following information is provided regarding the election by Mr Schmidt, to
transfer his shares acquired by subscription as described in “A” above to
Ialend – Mike Schmidt Family Trust (“MSF”). All the shares of MSF are held
for the benefit of Mr Schmidt and his immediate family. 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 2 December 2015
Nature of transaction Transfer of shares to Ialend – Mike Schmidt
Family Trust with no change in beneficial
ownership
Deemed price of securities Closing price of R55.00 on Monday, 9
transferred November 2015
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
MP Schmidt Chief executive officer 25 322 1 392 710.00
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.
Sandton
2 December 2015
Sponsor to ARM:
Deutsche Securities (SA) Proprietary Limited
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