To view the PDF file, sign up for a MySharenet subscription.

KIO - Kumba - Exercise And Subsequent Sale Of Share Options By Director

Release Date: 01/09/2009 15:08
Code(s): KIO
Wrap Text

KIO - Kumba - Exercise And Subsequent Sale Of Share Options By Director Of Major Subsidiary 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") EXERCISE AND SUBSEQUENT SALE OF SHARE OPTIONS BY DIRECTOR OF MAJOR SUBSIDIARY In compliance with the Listings Requirements of the JSE Limited, the following information is disclosed: Name of major subsidiary : Sishen Iron Ore Company (Pty) Ltd Name of director : Francois Louw Date of transaction : 25 August 2009 Option strike price : 2 790 shares @ R26.40 : 5 390 shares @ R40.18 Number of options : 8 180 shares Class of securities : Options in respect of ordinary shares
Value of exercise : R290 226.20 Number of shares sold : 8 180 shares Selling price : R263.50 Value of sale : R2 155 430.00 Nature of transaction : Exercise of options and subsequent sale of shares in respect of the share options Nature of director`s : Direct beneficial interest Clearance in terms of 3.66 of the JSE Listings Requirements has been obtained. Centurion 1 September 2009 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: 01/09/2009 15:08:01 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.

Share This Story