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ROYAL BAFOKENG PLATINUM LIMITED - Directors dealings in terms of the RBPLAT Bonus Share Plan

Release Date: 18/03/2014 11:15
Code(s): RBP     PDF:  
Wrap Text
Directors dealings in terms of the RBPLAT Bonus Share Plan

Royal Bafokeng Platinum Limited
Incorporated in South Africa)
Registration number 2008/015696/06
JSE Share code: RBP
ISIN: ZAE000149936
("RBPlat" or "the Company")

DIRECTORS DEALINGS IN TERMS OF THE RBPLAT BONUS SHARE PLAN

In accordance with paragraph 3.63 of the Listings Requirements of the JSE
Limited (“JSE”), shareholders are hereby advised that in terms of the
RBPlat Bonus Share Plan (BSP), the bonus shares awarded to qualifying
Executive Directors and a Director of a major Subsidiary in February
2011, have vested.

The vesting date in respect of these BSP shares was deferred from 18
February 2014 to 17 March 2014 due to the Company’s closed period policy
relating to the publication of the Annual Financial results for the year
ended 31 December 2013 as well as the trade embargo pertaining to the
Rights Offer programme as announced on 17 March 2014.

The vested shares and    subsequent   share   transactions   are   therefore
reported as follows:

Executive Director:                     SD Phiri
Date of vesting and sale of shares:     17 March 2014
Class of shares:                        Ordinary shares
Number of shares vested and sold:       44 830
Sale price per share:                   R65.0265
Total value of the transaction:         R2 915 138.00
Nature and extent of interest:          Direct beneficial

Executive Director:                     MJL Prinsloo
Date of vesting and sale of shares:     17 March 2014
Class of shares:                        Ordinary shares
Number of shares vested and sold:       34 475
Sale price per share:                   R65.0265
Total value of the transaction:         R2 241 788.59
Nature and extent of interest:          Direct beneficial

Executive Director:                     NJ Muller
Date of vesting and sale of shares:     17 March 2014
Class of shares:                        Ordinary shares
Number of shares vested and sold:       33 898
Sale price per share:                   R65.0265
Total value of the transaction:         R2 204 268.30
Nature and extent of interest:          Direct beneficial

Director of a major subsidiary:         KV Tlhabanelo
Date of vesting and sale of shares:     17 March 2014
Class of shares:                        Ordinary shares
Number of shares vested and sold:       27 439
Sale price per share:                   R65.0265
Total value of the transaction:         R1 784 262.13
Nature and extent of interest:          Direct beneficial

The vested shares were originally allocated at a deemed consideration of
R66.92 per share. The proceeds of the traded shares will predominantly be
used to settle the tax liability arising from the vested BSP shares as
well as to follow the respective rights in terms of the RBPlat Rights
Offer relating to shares held privately by the abovementioned Executives.

The transactions were all undertaken on market and prior clearances to
deal in the Company shares were obtained in terms of the Company’s share
dealing policy and in compliance with paragraph 3.66 of the Listings
Requirements of the JSE Limited.




Johannesburg
18 March 2014


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: 18/03/2014 11:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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