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ANGLO AMERICAN PLAT LTD - Dealings in securities by an associate trust

Release Date: 25/05/2015 08:01
Code(s): AMS     PDF:  
Wrap Text
Dealings in securities by an associate trust

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” or “the Group”) 
 
DEALINGS IN SECURITIES BY AN ASSOCIATE TRUST 
 
In accordance with its strategic transformation objectives, Anglo American Platinum 
established the 2008 Anglo Platinum Limited Kotula Trust (“Kotula Trust”) Employee Share 
Ownership Plan (“Kotula Scheme”) in order to incentivise its employees and to align their 
interests with those of shareholders to achieve growth in the Company’s value.  The Kotula 
Scheme empowers those employees of the Company who do not otherwise participate in its 
share incentive plans to acquire shares in Anglo American Platinum, subject to the 
provisions of the Kotula Scheme.  The Kotula Scheme comprises 41 114 beneficiaries at 
present. 
 
The Kotula Trust allocates 10 million Kotula units to beneficiaries annually, conditional on 
the participant being in the employment of the Group on 31 March of that year.  On each 
Kotula vesting date, the beneficiaries become entitled to receive distribution shares from 
the Kotula Trust, realising a corresponding portion of their Kotula units. This is the third and 
final vesting of the shares held by the Kotula Trust. 
 
In terms of Schedule 14.9(d) of the Listings Requirements of the JSE Limited, the following 
information, relating to dealings in securities by an associate trust, is disclosed: 
 
Associate:                              The Kotula Trust 
Company:                                Anglo American Platinum  
Date of transactions:                   18, 19 and 20 May 2015  
Nature of transactions:                 On-market sale of Anglo American Platinum ordinary 
                                         shares  
Number of securities sold:              304 767 
Average selling price:                  R302.3513* 
Value of transaction:                   R92 146 698.65  
Nature of interest:                     Direct, non-beneficial  
Clearance to deal:                      Obtained 
 
* Average selling price is based on transactions effected by the Kotula Trust over a period of 
3 days. The highest and lowest prices for each day were as follows:  
 
Date                                    Highest price                          Lowest price  
18 May 2015                             R312.91                                R310.00 
19 May 2015                             R304.34                                R293.00 
20 May 2015                             R307.78                                R295.40 
 
Johannesburg  
25 May 2015 
 
Sponsor  
RAND MERCHANT BANK (A division of FirstRand Bank Limited) 

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