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ROYAL BAFOKENG PLATINUM LIMITED - VESTING AND SALE OF SECURITIES ISSUED TO EXECUTIVE DIRECTORS

Release Date: 03/12/2012 15:00
Code(s): RBP     PDF:  
Wrap Text
VESTING AND SALE OF SECURITIES ISSUED TO EXECUTIVE DIRECTORS

ROYAL BAFOKENG PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2008/015696/06)
JSE share code: RBP ISIN: ZAE000149936
(“RBPlat” or the “company”)

VESTING AND SALE OF SECURITIES ISSUED TO EXECUTIVE DIRECTORS

In accordance with paragraph 3.63 of the JSE Listings Requirements,
shareholders are advised that shares awarded to executive directors in terms of
the company’s Bonus Share Plan (“BSP”)in December 2009, have vested. Pursuant
to the vesting of these shares, shareholders are further advised of the
following transactions:

Executive director:                      NJ Muller (Chief Operations Officer)
Date of vesting and sale of shares:      3 December 2012
Class of shares:                         Ordinary shares
Number of shares sold:                   28 186
Average price per share:                 R56.5061
Highest price obtained:                  R57.00
Lowest price obtained:                   R56.50
Total value of the shares sold:          R1 592 680.93
Nature and extent of interest:           direct beneficial

Executive director:                      MJL Prinsloo (Chief Financial Officer)
Date of vesting and sale of shares:      3 December 2012
Class of shares:                         Ordinary shares
Number of shares:                        27 403
Average price per share:                 R56.5061
Highest price obtained:                  R57.00
Lowest price obtained:                   R56.50
Total value of the shares sold:          R1 548 436.66
Nature and extent of interest:           direct beneficial

The vested shares were acquired at a deemed consideration of R57.48 per share.
The implied value on vesting in respect of each share is based on a share price
of R56.3223 (the 7 day Volume Weighted Average Price ended 30 November 2012)
and the selling price as indicated above was R56.5061.

The above transactions were undertaken on market and prior clearance to deal in
the company shares was obtained in terms of the company’s share dealing policy
and in compliance with paragraph 3.66 of the Listings Requirements.

Fourways, Johannesburg
03 December 2012


JSE Sponsor
Macquarie First South Capital (Pty) Limited

For further enquiries, please contact:

Lester Jooste
Company Secretary
Tel: +27 (0)10 590 4519
Email: lester@bafokengplatinum.co.za

Date: 03/12/2012 03:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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