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

Release Date: 14/05/2015 14:40
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 hereby advises shareholders of the vesting
and subsequent sale of shares in terms of the Company’s Bonus
Share Plan (“BSP”) and Long Term Incentive Plan (“LTIP”)
(together, the “schemes”).

Today’s announcement relates to the vesting of BSP awards granted
on 10 May 2012 and LTIP awards granted on 10 May 2012 and 18 July
2012, which awards have vested on 11 May 2015, as per the rules of
the two schemes. The BSP awards are subject to a three year
holding period. The LTIP awards are subject to certain stringent
performance conditions and vest after a three year period, only if
the pre-determined performance conditions are met. The details of
the two schemes are set out in the Remuneration Report contained
within the Company’s 2014 Integrated Report.

In terms of the rules of the two schemes, the Company is required
to sell adequate shares to fund the tax obligation of directors
that arises on the vesting date.

VESTING OF BSP AWARDS GRANTED ON 10 MAY 2012

Director                     :   Mr P J Louw
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   11 May 2015
Nature of transaction        :   Off market vesting of BSP shares
                                 accepted on 10 May 2012 in respect
                                 of the BSP
Class of securities          :   Ordinary shares
Number of shares vested      :   3 213
Total value of transaction   :   R1 041 172.65*
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr D W Pelser
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   11 May 2015
Nature of transaction        :   Off market vesting of BSP shares
                                 accepted on 10 May 2012 in respect
                                 of the BSP
Class of securities          :   Ordinary shares
Number of shares vested      :   1 597
Total value of transaction   :   R517 507.85*
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr J Ndlovu
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   11 May 2015
Nature of transaction        :   Off market vesting of BSP shares
                                 accepted on 10 May 2012 in respect
                                 of the BSP
Class of securities          :   Ordinary shares
Number of shares vested      :   2 986
Total value of transaction   :   R967 613.30*
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr V P Pillay
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   11 May 2015
Nature of transaction        :   Off market vesting of BSP shares
                                 accepted on 10 May 2012 in respect
                                 of the BSP
Class of securities          :   Ordinary shares
Number of shares vested      :   4 706
Total value of transaction   :   R1 524 979.30*
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr G L Smith
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   11 May 2015
Nature of transaction        :   Off market vesting of BSP shares
                                 accepted on 10 May 2012 in respect
                                 of the BSP
Class of securities          :   Ordinary shares
Number of shares vested      :   1 399
Total value of transaction   :   R453 345.95*
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Ms L N Mogaki
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   11 May 2015
Nature of transaction        :   Off market vesting of BSP shares
                                 accepted on 10 May 2012 in respect
                                 of the BSP
Class of securities          :   Ordinary shares
Number of shares vested      :   1 333
Total value of transaction   :   R431 958.65*
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr J Mokoka
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   11 May 2015
Nature of transaction        :   Off market vesting of BSP shares
                                 accepted on 10 May 2012 in respect
                                 of the BSP
Class of securities          :   Ordinary shares
Number of shares vested      :   1 181
Total value of transaction   :   R382 703.05*
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

*using the volume weighted average price of R324.05 on 11 May 2015
__________________________________________________________________

SALE OF BSP AWARDS VESTED ON 11 MAY 2015

Director                     :   Mr P J Louw
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   12 May 2015
Nature of transaction        :   On market sale of BSP shares
                                 vested on 11 May 2015
Class of securities          :   Ordinary shares
Number of shares sold        :   3 213
Average selling price***     :   R324.09
Total value of transaction   :   R1 041 301.17
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr D W Pelser
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   12 May 2015
Nature of transaction        :   On market sale of BSP shares
                                 vested on 11 May 2015
Class of securities          :   Ordinary shares
Number of shares sold        :   670
Average selling price***     :   R324.09
Total value of transaction   :   R217 140.30
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr J Ndlovu
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   12 May 2015
Nature of transaction        :   On market sale of BSP shares
                                 vested on 11 May 2015
Class of securities          :   Ordinary shares
Number of shares sold        :   2 986
Average selling price***     :   R324.09
Total value of transaction   :   R967 732.74
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr V P Pillay
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   12 May 2015
Nature of transaction        :   On market sale of BSP shares
                                 vested on 11 May 2015
Class of securities          :   Ordinary shares
Number of shares sold        :   4 706
Average selling price***     :   R324.09
Total value of transaction   :   R1 525 167.54
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr G L Smith
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   12 May 2015
Nature of transaction        :   On market sale of BSP shares
                                 vested on 11 May 2015
Class of securities          :   Ordinary shares
Number of shares sold        :   587
Average selling price***     :   R324.09
Total value of transaction   :   R190 240.83
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Ms L N Mogaki
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   12 May 2015
Nature of transaction        :   On market sale of BSP shares
                                 vested on 11 May 2015
Class of securities          :   Ordinary shares
Number of shares sold        :   1 333
Average selling price***     :   R324.09
Total value of transaction   :   R432 011.97
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr J Mokoka
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   12 May 2015
Nature of transaction        :   On market sale of BSP shares
                                 vested on 11 May 2015
Class of securities          :   Ordinary shares
Number of shares sold        :   1 181
Average selling price***     :   R324.09
Total value of transaction   :   R382 750.29
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes
__________________________________________________________________

VESTING OF LTIP CONDITIONAL AWARDS GRANTED ON 10 MAY 2012 AND 18 JULY 2012

The LTIP conditional awards granted on 10 May 2012 and 18 July
2012 vested on 11 May 2015. The awards granted on 10 May 2012 were
subject to a three year vesting period, while those granted on 18
July 2012 were subject to a shorter vesting period, as approved by
the Company’s Remuneration Committee. The LTIP conditional awards
were subject to two performance criteria being met in terms of the
LTIP   rules.  As   the  performance   conditions  were  partially
satisfied, only 60.92% of the awards have vested.


Director                     :   Mr A R Hinkly
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   11 May 2015
Nature of transaction        :   Off market vesting of conditional
                                 awards accepted on 10 May 2012 and
                                 18 July 2012 in terms of the LTIP
Class of securities          :   Ordinary shares
Number of conditional
awards vested                :   3 402
Value of transaction         :   R1 100 274.84**
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr P J Louw
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   11 May 2015
Nature of transaction        :   Off market vesting of conditional
                                 awards accepted on 10 May 2012 and
                                 18 July 2012 in terms of the LTIP
Class of securities          :   Ordinary shares
Number of conditional
awards vested                :   3 630
Value of transaction         :   R1 174 014.60**
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr J Ndlovu
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   11 May 2015
Nature of transaction        :   Off market vesting of conditional
                                 awards accepted on 10 May 2012 and
                                 18 July 2012 in terms of the LTIP
Class of securities          :   Ordinary shares
Number of conditional
awards vested                :   3 373
Value of transaction         :   R1 090 895.66**
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr V P Pillay
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   11 May 2015
Nature of transaction        :   Off market vesting of conditional
                                 awards accepted on 10 May 2012 and
                                 18 July 2012 in terms of the LTIP
Class of securities          :   Ordinary shares
Number of conditional
awards vested                :   3 306
Value of transaction         :   R1 069 226.52**
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes


** using the closing market price of R323.42 on 11 May 2015.
__________________________________________________________________


SALE OF LTIP CONDITIONAL AWARDS VESTED ON 11 MAY 2015

Director                     :   Mr A R Hinkly
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   12 May 2015
Nature of transaction        :   On market sale of LTIP shares
                                 vested on 11 May 2015
Class of securities          :   Ordinary shares
Number of shares sold        :   3 402
Average selling price***     :   R324.09
Value of transaction         :   R1 102 554.18
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr P J Louw
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   12 May 2015
Nature of transaction        :   On market sale of LTIP shares
                                 vested on 11 May 2015
Class of securities          :   Ordinary shares
Number of shares sold        :   3 630
Average selling price***     :   R324.09
Value of transaction         :   R1 176 446.70
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr J Ndlovu
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   12 May 2015
Nature of transaction        :   On market sale of LTIP shares
                                 vested on 11 May 2015
Class of securities          :   Ordinary shares
Number of shares sold        :   3 373
Selling price***             :   R324.09
Value of transaction         :   R1 093 155.57
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

Director                     :   Mr V P Pillay
Company                      :   Rustenburg Platinum Mines Limited
Date of transaction          :   12 May 2015
Nature of transaction        :   On market sale of LTIP shares
                                 vested on 11 May 2015
Class of securities          :   Ordinary shares
Number of shares sold        :   3 306
Selling price***             :   R324.09
Value of transaction         :   R1 071 441.54
Nature of interest           :   Direct beneficial
Clearance obtained           :   Yes

*** Average selling price is based on transactions effected
by the company over a period of 2 days. The highest and
lowest prices for each day were as follows:

Date                    Highest price            Lowest price
11 May 2015             R332.84                  R320.00
12 May 2015             R330.90                  R318.99

Johannesburg
14 May 2015

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

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