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KIO - Kumba Iron Ore - Grant And Acceptance Of Share Options By A Director

Release Date: 19/08/2008 17:45
Code(s): KIO
Wrap Text

KIO - Kumba Iron Ore - Grant And Acceptance Of Share Options By A Director Kumba Iron Ore Limited A member of the Anglo American plc group (Incorporated in the Republic of South Africa) (Registration number 2005/015852/06) Share code: KIO ISIN: ZAE000085346 ("KUMBA") GRANT AND ACCEPTANCE OF SHARE OPTIONS BY A DIRECTOR In terms of paragraph 3.63 - 3.65 of the Listings Requirements of the JSE Limited, the following information is disclosed: Director : Chris Griffith Grant date : 1 August 2008 Acceptance date : 19 August 2008 Nature of transaction : Grant and acceptance of Share Appreciation Rights (SARS)
Class of securities : Ordinary shares Number of options : 7,540 Option strike price : R259.87 per share Value of transaction : R1 959 419.80 Vesting period : Share appreciation rights vest after three years on certain performance criteria being met in terms of the Kumba Iron Ore Share Appreciation Right Scheme
Nature and extent of director`s interest : Direct Beneficial Director : Chris Griffith Grant date : 1 August 2008 Acceptance date : 19 August 2008 Nature of transaction : Grant and acceptance of Long Term Incentive Plan (LTIP) options Class of securities : Ordinary Shares Number of options : 7,548 Option strike price : R259.87 per share Value of transaction : R1 961 498.76 Vesting period : Share options vest after three years on certain performance criteria being met in terms of the Kumba Iron Ore Long Term incentive plan. Nature and extent of director`s interest : Direct Beneficial Clearance to deal was received in terms of paragraph 3.66 of the JSE Listing Requirements 19 August 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: 19/08/2008 17:45:47 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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