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AFRICAN RAINBOW MINERALS LIMITED - Dealings in ARM securities

Release Date: 11/09/2013 17:00
Code(s): ARI     PDF:  
Wrap Text
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”)

Dealings in ARM securities

A. 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 prices of R195.66 and
R194.43 on 6 September and 9 September 2013 respectively:

Name of director                      Michael Arnold
Category of director                  Executive
1 Date of transaction                 9 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         6 539 share options; the 10 515
                                      vested share options are reduced to
                                      6 539 share options as a result of
                                      the net settlement mechanism being
                                      utilised
  Offer price of options              7 399 cents per share option:
                                      10 515 share options (reduced to 6
                                      539 share options) granted on 1
                                      November 2006 and tranches vested on
                                      2 November 2009, 2 November 2010 and
                                      2 November 2011
  Number of securities sold           6 539
  Selling price of securities         Average price of R195.45 per share
                                      (with a low of R195.25 and a high of
                                      R195.45)
  Total proceeds from sale of         R1 278 047.55
  securities
  Nature of interest                  Direct, beneficial
  Clearance to deal                   Yes
2 Date of transaction                 10 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         18 296 share options; the 29 536
                                      vested share options are reduced to
                                      18 296 share options as a result of
                                      the net settlement mechanism being
                                      utilised
  Offer price of options              7 399 cents per share option:
                                      29 536 share options (reduced to 18
                                      296 share options) granted on 1
                                      November 2006 and tranches vested on
                                      2 November 2009, 2 November 2010 and
                                      2 November 2011
  Number of securities sold           18 296
  Selling price of securities         Average price of R195.5711 per share
                                      (with a low of R195.00 and a high of
                                      R197.00)
  Total proceeds from sale of         R3 578 168.85
  securities
  Nature of interest                  Direct, beneficial
  Clearance to deal                   Yes


B. Company secretary’s dealings in ARM securities

In compliance with paragraph 3.63 – 3.66 of the Listings Requirements of
the JSE Limited, we hereby advise the following dealings by the company
secretary in ARM securities:

Name of director                      Alyson Nerene D’Oyley
Category of director                  Company secretary
Date of transaction                   10 September 2013
Nature of transaction                 Exercise of share options and on-
                                      market sale of shares
Class of securities                   Ordinary shares
Number of options exercised           2 552 share options
Offer price of options                15 520 cents per share option:
                                      granted on 15 October 2009 and
                                      vested on 16 October 2012
Number of securities sold             2 552
Selling price of securities           R200.00
Total value of transaction            R510 400.00
Nature of interest                    Direct, beneficial
Clearance to deal                     Yes

Sandton
11 September 2013

Sponsor to ARM:
Deutsche Securities (SA) Proprietary Limited

Date: 11/09/2013 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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