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AFRICAN RAINBOW MINERALS LIMITED - Directors dealings in ARM securities

Release Date: 09/09/2013 17:00
Code(s): ARI     PDF:  
Wrap Text
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

In compliance with paragraph 3.63 – 3.66 of the Listings Requirements of the JSE Limited, we provide the
following information regarding the exercise of share options by net settlement. The calculation for the net
settlement mechanism is based upon the closing share price of R199.00 on 4 September 2013:

Name of director                                 Michael Arnold
Category of director                             Executive
Date of transaction                              5 September 2013
Nature of transaction                            Exercise of share options by net settlement and on-market sale
                                                 of shares
Class of securities                              Ordinary shares
Number of options exercised                      26 466 share options; the 42 101 vested share options are
                                                 reduced to 26 466 share options as a result of the net
                                                 settlement mechanism being utilised
Offer price of options                           3 700 cents per share option:
                                                 101 share options (reduced to 82 share options) granted on
                                                 10 October 2005 and vested on 11 October 2008
                                                 7 399 cents per share option:
                                                 42 000 share options (reduced to 26 384 share options) granted
                                                 on 1 November 2006 and tranches vested on 2 November 2007,
                                                 2 November 2008 and 2 November 2009
Number of securities sold                        26 466
Selling price of securities                      Average price of R198.0333 per share (with a low of R197.80
                                                 and a high of R198.58)
Total proceeds from sale of securities           R5 241 943.30
Nature of interest                               Direct, beneficial
Clearance to deal                                Yes

Sandton
9 September 2013

Sponsor to ARM:
Deutsche Securities (SA) Proprietary Limited

Date: 09/09/2013 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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