Dealings in securities by directors - Award and acceptance of performance shares
African Rainbow Minerals Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1933/004580/06)
JSE Share code: ARI
(“ARM” or “the Company”)
Dealings in securities by directors
Award and acceptance of performance shares
In terms of paragraphs 3.63 to 3.66 of the Listings Requirements of the JSE
Limited (“the Listings Requirements”), we provide the following information
regarding the grant and acceptance of conditional performance shares by the
undermentioned executive directors of the Company:
Acceptance date 28 May 2015
Nature of transaction Awards and acceptances of conditional
performance shares in terms of The African
Rainbow Minerals Limited 2008 Share Plan in
off market transactions
Vesting date for settlement 15 October 2018
Class of securities Ordinary shares
Extent of interest Direct, beneficial
Name Designation Number of Value of
Shares * R
PT Motsepe Executive chairman 165 373 17 770 982.58
MP Schmidt Chief executive officer 130 764 14 051 899.44
M Arnold Financial director 78 169 8 400 040.74
HL Mkatshana Executive director 43 392 4 662 904.32
AJ Wilkens Executive director 81 003 8 704 582.38
* The vesting of performance shares is conditional on performance criteria and
continued employment by ARM and where applicable, the reasons for the
cessation of such employment.
The calculation of the value of these awards is based upon the volume
weighted average ARM share price for the 20 trading days ended 21 May 2015,
which was R107.46.
The Board of Directors of ARM, on the recommendation of the Remuneration
Committee, approved the award of the performance shares as set out above in
terms of paragraph 3.66 of the Listings Requirements.
29 May 2015
Sponsor to ARM:
Deutsche Securities (SA) Proprietary Limited
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