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FIRSTRAND LIMITED - Dealings in securities by directors and company secretary

Release Date: 17/09/2013 17:23
Code(s): FSR     PDF:  
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Dealings in securities by directors and company secretary

FirstRand Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1966/010753/06)
ISIN: ZAE000066304
Share Code: (JSE): FSR
Share Code: (NSX): FST
(“FSR”)

DEALINGS IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY

In compliance with the JSE Limited Listings Requirements, the following information is disclosed:

Director                         :       Sizwe Errol Nxasana
Company                          :       FirstRand Limited

Date of transaction              :       13 September 2013
Nature of transaction            :       Off market settlement of share appreciation right (“APR”) award in cash
Class of securities              :       Ordinary shares
Number of APR’s constituting
original award                   :       795 016
Price of original award          :       R10.4800
Price of settlement              :       R33.5600
Award date                       :       3 November 2008
Vesting date                     :       3 November 2011 – 666 666
                                         3 November 2012 – 128 350
Period of vesting                :       3 November 2011 – 36 months
                                         3 November 2012 – 48 months
Value of original award          :       R8 331 767
Total value of transaction       :       R26 680 737
Directors’ interest              :       Direct beneficial
Clearance obtained               :       Yes

The restriction on the APR was lifted on 3 November 2011 and 3 November 2012. On 13 September 2013
Mr Nxasana elected settlement in cash in respect of the ordinary shares that constituted the award, to settle the tax
liability incurred on this and the other dealings reported in this notice.

Date of transaction              :       13 September 2013
Nature of transaction            :       Off market settlement of conditional share (“CSP”) award by delivery of
                                         Ordinary shares
Class of securities              :       CSP in respect of ordinary shares
Number of CSP’s constituting
original award                   :       221 121
Number of CSP’s delivered        :       228 882
Price of original award          :       R20.1700
Price of settlement              :       R33.5600
Award date                       :       13 September 2011
Vesting date                     :       13 September 2013
Period of vesting                :       24 months – in full
Value of original award          :       R4 460 010
Value of settlement              :       R7 681 280
Directors’ interest              :       Direct beneficial
Clearance obtained               :       Yes

40% of Mr Nxasana’s variable pay award in 2011 was deferred in CSP’s, totalling 221 121.
The restriction of the award was lifted on 13 September 2013 and Mr Nxasana has elected to buy the shares
underlying the CSP.

The total award delivered, 228 882 CSP’s, is made up as follows:

Original award on 13 September 2011                                                                       221 121

Additional award made on 8 October 2011 following the declaration of the special
dividend 12 September 2011                                                                                  7 761

Date of transaction            :       16 September 2013
Nature of transaction          :       Off market settlement of conditional share (“CSP”) award, by delivery of
                                       shares
Class of securities            :       CSP in respect of ordinary shares
Number of CSP’s constituting
original award                 :       520 785
Number of CSP’s delivered      :       621 165
Price or original award        :       R20.1619
Price of settlement            :       R33.4000
Award date                     :       14 September 2010
Vesting date                   :       14 September 2013
Period of vesting              :       36 months – in full
Value of original award        :       R10 500 015
Value of settlement            :       R20 746 911
Directors’ interest            :       Direct beneficial
Clearance obtained             :       Yes

The restriction on the CSP was lifted on 14 September 2013. On 16 September 2013 Mr Nxasana elected to buy
the shares underlying the CSP.

The original award made on 14 September 2010 was 520 785 CSP’s.

The total award delivered, 621 165 CSP’s, is made up as follows:

Original award on 14 September 2010                                                                       520 785

Additional award made on 13 December 2010, following the Momentum/MMI merger
and the unbundling of FSR’s interest in MMI to ordinary shareholders                                       79 316

Additional award made on 8 October 2011 following the declaration of the special
dividend 12 September 2011                                                                                 21 064

Director                       :       Johan Petrus Burger
Company                        :       FirstRand Limited

Date of transaction            :       13 September 2013
Nature of transaction          :       Off market settlement of conditional share (“CSP”) award in cash
Class of securities            :       CSP in respect of ordinary shares
Number of CSP’s constituting
original award                 :       197 323
Number of CSP’s delivered      :       204 249
Price or original award        :       R20.1700
Price of settlement            :       R33.5600
Award date                     :       13 September 2011
Vesting date                    :       13 September 2013
Period of vesting               :       24 months – in full
Value of original award         :       R3 980 004
Value of settlement             :       R6 854 596
Directors’ interest             :       Direct beneficial
Clearance obtained              :       Yes

40% of Mr Burger’s variable pay award in 2011 was deferred in CSP’s, totalling 197 323.

The restriction on the CSP was lifted on 13 September 2013. Mr Burger elected settlement in cash of the ordinary
shares that constituted the award.

The total award delivered, 204 249 CSP’s, is made up as follows:

Original award on 13 September 2011                                                                        197 323

Additional award made on 8 October 2011 following the declaration of the special                             6 926
dividend on 12 September 2011.

Date of transaction             :       16 September 2013
Nature of transaction           :       Off market settlement of conditional share (“CSP”) award, partly in cash,
                                        partly by delivery of shares
Class of securities             :       CSP in respect of ordinary shares
Number of CSP’s constituting
original award                  :       396 789
Number of CSP’s delivered       :       473 268
Price of original award         :       R20.1619
Price of settlement             :       R33.4000
Award date                      :       14 September 2010
Vesting date                    :       14 September 2013
Period of vesting               :       36 months – in full
Value of original award         :       R8 000 020
Value of settlement             :       R15 807 151
Directors’ interest             :       Direct beneficial
Clearance obtained              :       Yes

The restriction on the CSP was lifted on 14 September 2013. On 16 September 2013 Mr Burger elected settlement
in cash for part of and to buy the shares underlying the CSP for his remaining entitlement.

The original award made on 14 September 2010 was 396 789 CSP’s.

The total award delivered, 473 268 CSP’s, is made up as follows:

Original award on 14 September 2010                                                                        396 789

Additional award made on 13 December 2010, following the Momentum/MMI merger                                60 431
and the unbundling of FSR’s interest in MMI to ordinary shareholders

Additional award made on 8 October 2011 following the declaration of the special                            16 048
dividend on 12 September 2011

Settlement will be effected as follows based on the closing price of FSR ordinary shares on 13 September 2013,
R33.4000:

Settlement in cash based on 67 600 shares                                                              R2 257 840
Delivery of 405 668 shares                                                                            R13 549 311

The cash proceeds from these transactions will be utilised by Mr Burger to settle the tax liability incurred on the
dealings reported.

Company Secretary               :       Bruce William Unser
Company                         :       FirstRand Limited

Date of transaction             :       16 September 2013
Nature of transaction           :       Off market settlement of conditional share (“CSP”) award by delivery of
                                        shares
Class of securities             :       CSP in respect of ordinary shares
Number of CSP’s constituting
original award                  :       78 366
Number of CSP’s delivered       :       93 471
Price of original award         :       R20.1619
Price of settlement             :       R33.4000
Award date                      :       14 September 2010
Vesting date                    :       14 September 2013
Period of vesting               :       36 months – in full
Value of original award         :       R1 580 007
Value of settlement             :       R3 121 931
Directors’ interest             :       Direct beneficial
Clearance obtained              :       Yes

The restriction on the CSP was lifted on 14 September 2013. On 16 September 2013 Mr Unser elected to buy the
shares underlying the CSP.

The original award made on 14 September 2010 was 78 366 CSP’s.

The total award delivered, 93 471 CSP’s, is made up as follows:

Original award on 14 September 2010                                                                         78 366

Additional award made on 13 December 2010, following the Momentum/MMI merger                                11 935
and the unbundling of FSR’s interest in MMI to ordinary shareholders

Additional award made on 8 October 2011 following the declaration of the special                             3 170
dividend on 12 September 2011

Sandton
17 September 2013

Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)

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