To view the PDF file, sign up for a MySharenet subscription.

EXXARO RESOURCES LIMITED - Exercise of conditional awards granted and sale in terms of the Long Term Incentive Plan

Release Date: 03/09/2014 16:30
Code(s): EXX     PDF:  
Wrap Text
Exercise of conditional awards granted and sale 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: ZAE000084992
ADR code: EXXAY
(Exxaro)


EXERCISE OF CONDITIONAL AWARDS GRANTED AND SALE IN TERMS OF THE
LONG TERM INCENTIVE PLAN (LTIP SCHEME) BY THE GROUP COMPANY
SECRETARY OF EXXARO

In terms of paragraphs 3.63 to 3.65 of the JSE Limited Listings Requirements notice is
hereby given that the Group Company Secretary of Exxaro exercised awards granted in
terms of the LTIP Scheme and sold Exxaro ordinary shares, after having received
clearance to do so in terms of paragraph 3.66 of the JSE Limited Listings Requirements.

Class of shares:                 Ordinary
Nature of transaction:           Exercise of conditional awards granted and on market
                                 sale in terms of the LTIP Scheme
Nature of interest:              Direct Beneficial
Date of transaction:             2 September 2014
LTIP vesting date:               22 August 2014
Vesting period:                  3 years

Name:                            CH Wessels
Group Company Secretary:         Exxaro Resources Limited
LTIP award:                      2,796
Shares transferred to her
portfolio:                       1,587
Number of shares sold:           1,209
VWAP on day of vesting:          R148.52
Sale price per share:            R151.60
Value of shares sold:            R183,284.40
Value of shares transferred:     R235 701.24
Total value of transactions:     R418 985.64

3 September 2014


CH WESSELS
GROUP COMPANY SECRETARY

Sponsor
Deutsche Securities (SA) Proprietary Limited

Date: 03/09/2014 04:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story