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ANGLO AMERICAN PLAT LTD - Dealings in securities by directors of the company and directors of a major subsidiary

Release Date: 16/05/2014 17:00
Code(s): AMS     PDF:  
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Dealings in securities by directors of the company and directors of a major subsidiary

ANGLO AMERICAN PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1946/022452/06)
Share Code: AMS
ISIN: ZAE000013181
("Anglo American Platinum" or "the Company")

DEALINGS IN SECURITIES BY DIRECTORS OF THE COMPANY AND DIRECTORS
OF A MAJOR SUBSIDIARY

As required in terms of the JSE Limited Listings Requirements,
Anglo American Platinum advises the vesting and subsequent sale of
shares in terms of the company’s Bonus Share Plan (BSP) and Long
Term Incentive Plan (LTIP). Today’s announcement relates to the
vesting of BSP and LTIP awards granted on 12 May 2011 which have
vested on 12 May 2014 as per the rules of the two schemes. The
BSP’s are subject to a 3 year holding period and the LTIPs are
subject to certain stringent performance conditions. In terms of
the rules of the schemes, the Company is required to sell adequate
shares to fund the tax obligation of directors that arises on the
vesting date. The details of schemes are contained in the
Remuneration Report contained within the 2013 annual report.

VESTING OF BSP AWARDS GRANTED ON 12 MAY 2011

Financial Director           :   Mr B Nqwababa
Company                      :   Anglo American Platinum Limited
Date of transaction          :   12 May 2014
Nature of transaction        :   Off market vesting of BSP shares
                                 accepted on 12 May 2011 in respect
                                 of the Anglo American Platinum BSP
Class of securities          :   Ordinary shares
Number of shares vested      :   4 211
Total value of transaction   :   R2 047 556.64*
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr P J Louw
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   12 May 2014
Nature of transaction        :   Off market vesting of BSP shares
                                 accepted on 12 May 2011 in respect
                                 of the BSP
Class of securities          :   Ordinary shares
Number of shares vested      :   3 746
Total value of transaction   :   R1 821 455.04*
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr D W Pelser
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   12 May 2014
Nature of transaction        :   Off market vesting of BSP shares
                                 accepted on 12 May 2011 in respect
                                 of the BSP
Class of securities          :   Ordinary shares
Number of shares vested      :   1 783
Total value of transaction   :   R866 965.92*
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr J Ndlovu
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   12 May 2014
Nature of transaction        :   Off market vesting of BSP shares
                                 accepted on 12 May 2011 in respect
                                 of the BSP
Class of securities          :   Ordinary shares
Number of shares vested      :   3 480
Total value of transaction   :   R1 692 115.20*
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr V P Pillay
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   12 May 2014
Nature of transaction        :   Off market vesting of BSP shares
                                 accepted on 12 May 2011 in respect
                                 of the BSP
Class of securities          :   Ordinary shares
Number of shares vested      :   13 914
Total value of transaction   :   R6 765 543.36*
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr G L Smith
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   12 May 2014
Nature of transaction        :   Off market vesting of BSP shares
                                 accepted on 12 May 2011 in respect
                                 of the BSP
Class of securities          :   Ordinary shares
Number of shares vested      :   1 611
Total value of transaction   :   R783 332.64*
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Ms L N Mogaki
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   12 May 2014
Nature of transaction        :   Off market vesting of BSP shares
                                 accepted on 12 May 2011 in respect
                                 of the BSP
Class of securities          :   Ordinary shares
Number of shares vested      :   1 528
Total value of transaction   :   R742 974.72*
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr J Mokoka
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   12 May 2014
Nature of transaction        :   Off market vesting of BSP shares
                                 accepted on 12 May 2011 in respect
                                 of the BSP
Class of securities          :   Ordinary shares
Number of shares vested      :   1 303
Total value of transaction   :   R633 570.72*
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes


*using the volume weighted average price of R486.24 on 12 May
2014


SALE OF BSP AWARDS VESTED ON 12 MAY 2014

Financial Director           :   Mr B Nqwababa
Company                      :   Anglo American Platinum Limited
Date of transaction          :   14 May 2014
Nature of transaction        :   On market sale of BSP shares
                                 vested on 12 May 2014
Class of securities          :   Ordinary shares
Number of shares sold        :   4 211
Selling price                :   R487.80
Total value of transaction   :   R2 054 125.80
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr P J Louw
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   14 May 2014
Nature of transaction        :   On market sale of BSP shares
                                 vested on 12 May 2014
Class of securities          :   Ordinary shares
Number of shares sold        :   3 746
Selling price                :   R487.80
Total value of transaction   :   R1 827 298.80
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr D W Pelser
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   15 May 2014
Nature of transaction        :   On market sale of BSP shares
                                 vested on 12 May 2014
Class of securities          :   Ordinary shares
Number of shares sold        :   919
Selling price                :   R479.58
Total value of transaction   :   R440 734.02
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr J Ndlovu
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   14 May 2014
Nature of transaction        :   On market sale of BSP shares
                                 vested on 12 May 2014
Class of securities          :   Ordinary shares
Number of shares sold        :   3 480
Selling price                :   R487.80
Total value of transaction   :   R1 697 544.00
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr V P Pillay
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   14 May 2014
Nature of transaction        :   On market sale of BSP shares
                                 vested on 12 May 2014
Class of securities          :   Ordinary shares
Number of shares sold        :   13 914
Selling price                :   R487.80
Total value of transaction   :   R6 787 249.20
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr G L Smith
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   15 May 2014
Nature of transaction        :   On market sale of BSP shares
                                 vested on 12 May 2014
Class of securities          :   Ordinary shares
Number of shares sold        :   664
Selling price                :   R479.58
Total value of transaction   :   R318 441.12
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Ms L N Mogaki
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   14 May 2014
Nature of transaction        :   On market sale of BSP shares
                                 vested on 12 May 2014
Class of securities          :   Ordinary shares
Number of shares sold        :   1 528
Selling price                :   R487.80
Total value of transaction   :   R745 358.40
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr J Mokoka
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   14 May 2014
Nature of transaction        :   On market sale of BSP shares
                                 vested on 12 May 2014
Class of securities          :   Ordinary shares
Number of shares sold        :   1 303
Selling price                :   R487.80
Total value of transaction   :   R635 603.40
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

VESTING OF LTIP CONDITIONAL AWARDS GRANTED ON 12 MAY 2011

The LTIP conditional awards granted on 12 May 2011 vested on
12 May 2014.    These awards were subject to certain performance
criteria being met in terms of the LTIP rules. To the extent that
the performance conditions were satisfied, only 25.25% of the
awards have vested.

Financial Director           :   Mr B Nqwababa
Company                      :   Anglo American Platinum Limited
Date of transaction          :   12 May 2014
Nature of transaction        :   Off market vesting of conditional
                                 awards accepted on 12 May 2011 in
                                 terms of the LTIP
Class of securities          :   Ordinary shares
Number of conditional
awards vested                :   1 760
Value of transaction         :   R855 360.00**
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr P J Louw
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   12 May 2014
Nature of transaction        :   Off market vesting of conditional
                                 awards accepted on 12 May 2011 in
                                 terms of the LTIP
Class of securities          :   Ordinary shares
Number of conditional
awards vested                :   1 670
Value of transaction         :   R811 620.00**
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr J Ndlovu
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   12 May 2014
Nature of transaction        :   Off market vesting of conditional
                                 awards accepted on 12 May 2011 in
                                 terms of the LTIP
Class of securities          :   Ordinary shares
Number of conditional
awards vested                :   1 552
Value of transaction         :   R754 272.00**
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr V P Pillay
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   12 May 2014
Nature of transaction        :   Off market vesting of conditional
                                 awards accepted on 12 May 2011 in
                                 terms of the LTIP
Class of securities          :   Ordinary shares
Number of conditional
awards vested                :   1 538
Value of transaction         :   R747 468.00**
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

** using the market price of R486.00 on 12 May 2014.

SALE OF LTIP CONDITIONAL AWARDS VESTED ON 12 MAY 2014

Financial Director           :   Mr B Nqwababa
Company                      :   Anglo American Platinum Limited
Date of transaction          :   15 May 2014
Nature of transaction        :   On market sale of LTIP shares
                                 vested on 12 May 2014
Class of securities          :   Ordinary shares
Number of shares sold        :   1 760
Selling price                :   R482.25
Value of transaction         :   R848 760.00
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr P J Louw
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   15 May 2014
Nature of transaction        :   On market sale of LTIP shares
                                 vested on 12 May 2014
Class of securities          :   Ordinary shares
Number of shares sold        :   1 670
Selling price                :   R482.25
Value of transaction         :   R805 357.50
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr J Ndlovu
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   15 May 2014
Nature of transaction        :   On market sale of LTIP shares
                                 vested on 12 May 2014
Class of securities          :   Ordinary shares
Number of shares sold        :   1 552
Selling price                :   R482.25
Value of transaction         :   R748 452.00
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr V P Pillay
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   15 May 2014
Nature of transaction        :   On market sale of LTIP shares
                                 vested on 12 May 2014
Class of securities          :   Ordinary shares
Number of shares sold        :   1 538
Selling price                :   R482.25
Value of transaction         :   R741 700.50
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Johannesburg
16 May 2014

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

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