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AFRICAN RAINBOW MINERALS LIMITED - Directors dealings in ARM securities

Release Date: 18/09/2013 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 ARM’s closing share price of R198.67 on
13 September 2013:

Name of director                        Andries Jacobus Wilkens
Category of director                    Executive
Date of transaction                     16 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             47 303 share options; the 75 375
                                        vested share options are reduced to
                                        47 303 share options as a result of
                                        the net settlement mechanism being
                                        utilised
Offer price of options                  7 399 cents per share option:
                                        75 375 share options (reduced to 47
                                        303 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               47 303
Selling price of securities             Average price of R204.2604 per share
                                        (with a low of R204.00 and a high of
                                        R205.00)
Total proceeds from sale of             R9 662 129.70
securities
Nature of interest                      Direct, beneficial
Clearance to deal                       Yes

Sandton
18 September 2013

Sponsor to ARM:
Deutsche Securities (SA) Proprietary Limited

Date: 18/09/2013 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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