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EXXARO RESOURCES LIMITED - Acceptance of conditional awards granted in terms of the Long Term Incentive Plan

Release Date: 02/05/2014 15:00
Code(s): EXX     PDF:  
Wrap Text
Acceptance of conditional awards granted in terms of the Long Term Incentive Plan

EXXARO RESOURCES LIMITED
Incorporated in the Republic of South Africa
(Registration Number: 2000/011076/06)
JSE share code: EXX
ISIN code: ZAE000084992
ADR code: EXXAY
(“Exxaro”)

ACCEPTANCE OF CONDITIONAL AWARDS GRANTED IN TERMS OF THE LONG
TERM INCENTIVE PLAN (LTIP) BY A DIRECTOR OF EXXARO’S MAJOR
SUBSIDIARY

In terms of paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements, notice is
hereby given that a director of Exxaro’s major subsidiary received and accepted awards
granted in terms of the LTIP scheme, after having received clearance to do so in terms of
paragraph 3.66 of the JSE Limited Listings Requirements.

LTIP Performance period:       The vesting of the LTIP awards is conditional upon the
                               achievement of group performance targets over a period
                               of 3 years (01/01/2014 to 31/12/2017)
Class of shares:               Ordinary
Nature of transaction:         Acceptance of LTIP awards
Offer price:                   R0
Nature of interest:            Direct Beneficial
Date of transaction:           2 May 2014


Name:                          MDM Mgojo
Director                       Exxaro Coal Proprietary Limited
LTIP award:                    47,848,843
Deemed value based on the
prevailing market price of
LTIP shares on 2 May 2014      R6,702,547.84

CH WESSELS
GROUP COMPANY SECRETARY

2 May 2014

Sponsor
Deutsche Securities (SA) Proprietary Limited

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