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ARI - African Rainbow Minerals Limited - Director`s dealings in ARM securities

Release Date: 26/04/2012 17:00
Code(s): ARI
Wrap Text

ARI - African Rainbow Minerals Limited - 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 Exercise and purchase of share options 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: Name of director Andries Jacobus Wilkens Category of director Executive Date of transaction 26 April 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: 61 645 on 17 December 2006, and 154 668 on 17 December 2007 3 700 cents per option Options granted on 10 October 2005:
Vested: 37 621 on 11 October 2006 37 621 on 11 October 2007; and 37 623 on 11 October 2008 Number of securities 216 313 and 112 865 respectively Market price of securities Closing price of R176.76 per share on Wednesday, 25 April 2012 Total market value of shares R58 185 503.28 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 Mr Wilkens, to transfer his shares described in "A" above, to a trust that has been established for the benefit of Mr Wilkens 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 April 2012 Nature of transaction Off market transfer of shares Class of securities Ordinary shares Number of securities 329 178 Market price of securities Closing price of R176.76 per share on Wednesday, 25 April 2012 Market value of transaction R58 185 503.28 Nature of interest Direct, beneficial Clearance to deal Yes Sandton 26 April 2012 Sponsor to ARM: Deutsche Securities (SA) (Proprietary) Limited Date: 26/04/2012 17:00:01 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.

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