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ARI - ARM - Director`s dealings in ARM securities

Release Date: 28/03/2012 12:51
Code(s): ARI
Wrap Text

ARI - ARM - Director`s dealings in ARM securities African Rainbow Minerals Limited (Incorporated in the Republic of South Africa) (Registration Number 1933/004580/06) JSE Share code: ARI ISIN: ZAE000054045 ("ARM") Director`s dealings in ARM securities A. In compliance with paragraph 3.63 - 3.66 of the Listings Requirements of the JSE Limited, we hereby advise the following dealings by a director in ARM securities: In terms of The African Rainbow Minerals Share Incentive Scheme the share options described below will expire on 15 December 2012, if not exercised. Name of director Patrice Tlhopane Motsepe Category of director Executive Date of transaction 26 March 2012 Nature of transaction Exercise of share options and off market purchase of shares Class of securities Ordinary shares Offer price 2 700 cents per option Options granted on 15 December 2004: Vested: 183 333 on 17 December 2005, 183 333 on 17 December 2006, and 183 334 on 17 December 2007
Number of securities 550 000 Market price of securities Closing price of R180.04 per share on Friday, 23 March 2012
Total market value of shares R99 022 000.00 Nature of interest Direct, beneficial Clearance to deal Yes B. In terms of paragraph 3.63 - 3.66 of the Listings Requirements, the following information is provided regarding the election by the Executive Chairman, Mr Patrice Motsepe, to sell his shares described in "A" above, which sale is not a sale or disposal to a third party but to Botho-Botho Commercial Enterprises (Pty) Limited ("B-BCE"). The entire issued share capital of B-BCE is held and beneficially owned by trusts established for the benefit of Mr Patrice Motsepe and his immediate family. The requisite clearances and approval for this transaction have been obtained in compliance with the Securities Dealing Policies and Procedures of ARM. Date of transaction 26 March 2012 Nature of transaction Off market sale of shares Class of securities Ordinary shares Number of securities 550 000 Selling price of securities Closing price of R180.04 per share on Friday, 23 March 2012 Total value of transaction R99 022 000.00 Nature of interest Direct, beneficial Clearance to deal Yes Sandton 28 March 2012 Sponsor to ARM: Deutsche Securities (SA) (Proprietary) Limited Date: 28/03/2012 12:51:01 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.

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