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KIO - Kumba Iron Ore Limited - Offer and acceptance of deferred bonus plan

Release Date: 28/07/2008 16:46
Code(s): KIO
Wrap Text

KIO - Kumba Iron Ore Limited - Offer and acceptance of deferred bonus plan shares and purchase of Kumba shares by a director of Kumba Kumba Iron Ore Limited A member of the Anglo American plc group (Incorporated in the Republic of South Africa) (Registration number 2005/015852/06) JSE Share code: KIO ISIN: ZAE000085346 ("Kumba") OFFER AND ACCEPTANCE OF DEFERRED BONUS PLAN SHARES AND PURCHASE OF KUMBA SHARES BY A DIRECTOR OF KUMBA In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE Limited, the following information, relating to the offer and acceptance of deferred bonus shares and purchase of ordinary shares by a director of Kumba is disclosed: Director : Vincent Uren Grant date : 25 July 2008 Acceptance date : 25 July 2008 Nature of transaction : Offer and acceptance of Deferred Bonus Plan Shares
Class of securities : Ordinary shares Number of securities : 62 Option strike price : R232.99 per share Value of transaction : R14 445.38 Number of securities : 58 Option strike price : R232.50 per share Value of transaction : R13 485 Vesting period : Deferred Bonus Plan shares vest after three years on certain performance criteria being met in terms of the Kumba Deferred Bonus Plan Share Scheme Nature of interest : Direct Beneficial Director : Vincent Uren Date of transaction : 24 July 2008 Number of shares : 4 250 Price of shares : R239.59 per share Total cost of transaction : R1 018 257.50 Class of shares : Ordinary shares Nature of transaction : Purchase Nature of interest : Direct Beneficial Number of shares : 750 Price of shares : R239.59 per share Total cost of transaction : R179 692.50 Class of shares : Ordinary shares Nature of transaction : Purchase Nature of interest : Indirect non-beneficial Clearance in terms of 3.66 of the JSE Listings Requirements has been obtained. Centurion 28 July 2008 Enquiries contact: Mr VF Malie Company Secretary Kumba Iron Ore Limited Tel: (012) 683 7060 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 28/07/2008 16:46:04 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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