Wrap Text
EXX - Exxaro Resources Limited - Correction announcement
EXXARO RESOURCES LIMITED
Incorporated in the Republic of South Africa
(Registration Number: 2000/011076/06)
JSE share code: EXX
ISIN code: ZAE000084992
ADR code: EXXAY
(Exxaro)
CORRECTION ANNOUNCEMENT: ACCEPTANCE OF CONDITIONAL AWARDS GRANTED IN TERMS OF
THE SHARE APPRECIATION RIGHT (SAR) SCHEME AND THE LONG TERM INCENTIVE PLAN
(LTIP) TO DIRECTORS OF EXXARO AND ITS MAJOR SUBSIDIARIES
We refer to the announcement released on 20 April 2011, in compliance with
clauses 3.63 and 3.65 of the JSE Listings Requirements, notice is hereby given
that directors of Exxaro and its major subsidiaries, as listed below, received
and accepted awards granted in terms of the respective schemes, after having
received clearance to do so in terms of the JSE Listings Requirements 3.66.
SAR Performance period: The vesting of the SAR awards is conditional upon
the achievement of group performance targets over
a minimum period of 3 years (total lapse period of
7 years - 01/04/2011 to 01/04/2018)
Class of shares: Ordinary
Nature of transaction: Acceptance of SAR awards
Nature of interest: Direct Beneficial
Offer price: R163.95
Date of transaction: 19 April 2011
LTIP Performance period: The vesting of the LTIP awards is conditional upon
the achievement of group performance targets over
a period of 3 years (01/01/2011 to 31/12/2013)
Class of shares: Ordinary
Nature of transaction: Acceptance of LTIP awards
Offer price: R0
Nature of interest: Direct Beneficial
Date of transaction: 19 April 2011
Name: SA Nkosi (Exxaro Resources Ltd)
No of SAR shares awarded: 36,538
Value of SAR shares: R5,990,405.10
LTIP award: 36,538
Deemed value based on the
prevailing market price of
Exxaro ordinary shares
on 19 April 2011: R5,990,405.10
Name: WA de Klerk (Exxaro Resources Ltd)
No of SAR shares awarded: 18,268
Value of SAR shares: R2,995,038.60
LTIP award: 18,268
Deemed value based on the
prevailing market price of
Exxaro ordinary shares
on 19 April 2011: R2,995,038.60
Name: PT Arran (Exxaro Australia Sands (Pty) Ltd)
No of SAR shares awarded: 14,084
Value of SAR shares: R2,309,071.80
LTIP award: 14,084
Deemed value based on the
prevailing market price of
Exxaro ordinary shares
on 19 April 2011: R2,309,071.80
Name: L Groenewald (Exxaro Coal (Pty) Ltd)
No of SAR shares awarded: 3,372
Value of SAR shares: R552,839.40
LTIP award: 3,372
Deemed value based on the
prevailing market price of
Exxaro ordinary shares
on 19 April 2011: R552,839.40
Name: PA Koppeschaar (Exxaro Holding (Pty) Ltd)
No of SAR shares awarded: 6,812
Value of SAR shares: R1,116,827.40
LTIP award: 6,812
Deemed value based on the
prevailing market price of
Exxaro ordinary shares
on 19 April 2011: R1,116,827.40
Name: MDM Mgojo (Exxaro Coal (Pty) Ltd)
No of SAR shares awarded: 14,084
Value of SAR shares: R2,309,071.80
LTIP award: 14,084
Deemed value based on the
prevailing market price of
Exxaro ordinary shares
on 19 April 2011: R2,309,071.80
Name: IC Prinsloo (Exxaro Holdings (Pty) Ltd)
No of SAR shares awarded: 3,554
Value of SAR shares: R582,678.30
LTIP award: 3,554
Deemed value based on the
prevailing market price of
Exxaro ordinary shares
on 19 April 2011: R582,678.30
Name: R Strydom (Exxaro Holdings Pty Ltd)
No of SAR shares awarded: 6,758
Value of SAR shares: R1,107,974.10
LTIP award: 6,758
Deemed value based on the
prevailing market price of
Exxaro ordinary shares
on 19 April 2011: R1,107,974.10
Name: PE Venter (Exxaro Coal PTY Ltd)
No of SAR shares awarded: 14,104
Value of SAR shares: R2,312,350.80
LTIP award: 14,104
Deemed value based on the
prevailing market price of
Exxaro ordinary shares
on 19 April 2011: R2,312,350.80
Name: MS Viljoen (Company Secretary)
No of SAR shares awarded: 3,104
Value of SAR shares: R508,900.80
LTIP award: 3,104
Deemed value based on the
prevailing market price of
Exxaro ordinary shares
on 19 April 2011: R508,900.80
MS VILJOEN
COMPANY SECRETARY
21 April 2011
Sponsor
Deutsche Securities (SA) (Pty) Ltd
Date: 21/04/2011 17:45:54 Supplied by www.sharenet.co.za
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