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

AMS - Anglo American Platinum - Acceptance of Offer and delivery of matching

Release Date: 29/04/2011 16:00
Code(s): AMS
Wrap Text

AMS - Anglo American Platinum - Acceptance of Offer and delivery of matching shares in terms of the Anglo American Platinum Deferred Bonus Plan and Dealing in securities By Directors of a major subsidiary of the Company ANGLO AMERICAN PLATINUM LIMITED (Currently listed on the JSE as Anglo Platinum Limited) (Incorporated in the Republic of South Africa) (Registration number 1946/022452/06) Share code: AMS ISIN: ZAE000013181 ("Anglo American Platinum", "the Group" or "the Company") ACCEPTANCE OF OFFER AND DELIVERY OF MATCHING SHARES IN TERMS OF THE ANGLO AMERICAN PLATINUM DEFERRED BONUS PLAN AND DEALING IN SECURITIES BY DIRECTORS OF A MAJOR SUBSIDIARY OF THE COMPANY In compliance with the JSE Limited Listings Requirements, the following information is disclosed: The directors of a major subsidiary of the Company - Rustenburg Platinum Mines Limited, as indicated, utilised a portion of their after tax component of their annual bonus to acquire shares in the Company in 2008 which were held in escrow in terms of the Deferred Bonus Plan ("DBP") offer. In terms of the rules of the DBP, if the directors remained in the employ of the Group and retained these shares for a three year period from date of offer, the Company would make a matching award of Anglo American Platinum shares to the directors. The matching shares were adjusted in terms of the rules of the DBP, due to the impact of the rights offer. Company : Anglo American Platinum Limited Date of offer and acceptance : 1 March 2008 Nature of transactions : Off market acceptance of offer and delivery of matching shares in termsof the Anglo American Platinum
Limited DBP Class of securities : Ordinary shares of 10 cents each Nature of interests : Direct beneficial Clearances obtained : Yes Director : Mr Pieter Louw Company : Rustenburg Platinum Mines Limited Number of shares purchased and offered : 288 Share purchase price : R1 240,00 Total value of transaction : R357 120,00 Number of matching shares delivered : 295 Deemed price (closing price per share*) : R677,00 Total value of transaction : R199 715,00 Date of delivery of shares : 31 March 2011 Director : Ms Mary-Jane Morifi Company : Rustenburg Platinum Mines Limited Number of shares purchased and offered : 91 Share purchase price : R1 240,00 Total value of transaction : R112 840,00 Number of matching shares delivered : 93 Deemed price (closing price per share*) : R677,00 Total value of transaction : R62 961,00 Date of delivery of shares : 29 April 2011 Director : Mr July Ndlovu Company : Rustenburg Platinum Mines Limited Number of shares purchased and offered : 349 Share purchase price : R1 240,00 Total value of transaction : R432 760,00 Number of matching shares delivered : 358 Deemed price (closing price per share*) : R677,00 Total value of transaction : R242 366,00 Date of delivery of shares : 17 March 2011 Director : Mr Alexander I Wood Number of shares purchased and offered : 492 Share purchase price : R1 240,00 Total value of transaction : R610 080,00 Number of matching shares delivered : 505 Deemed price (closing price per share*) : R677,00 Total value of transaction : R341 885,00 Date of delivery of shares : 24 March 2011 All the directors, except for Mr J Ndlovu, elected to sell adequate shares to fund their employee tax liability. Mr J Ndlovu elected to pay his employee tax liability and receive the gross number of matching shares. The total value of the transaction reflects the pre-tax value of the matching shares. *Closing price per share on the date of vesting. Johannesburg 29 April 2011 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 29/04/2011 16:00:01 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