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

Release Date: 04/05/2016 16:04
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 26 April
2013 and LTIP awards granted on 26 April 2013 which awards have vested on 26
April 2016, 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 2015
Integrated Report.

VESTING OF BSP AWARDS GRANTED ON 26 APRIL 2013

Director                           :   Mr C I Griffith
Company                            :   Anglo American Platinum Limited
Date of transaction                :   26 April 2016
Nature of transaction              :   Off market vesting of BSP shares accepted
                                       on 26 April 2013 in respect of the BSP
Class of securities                :   Ordinary shares
Number of shares vested            :   11 399
Total value of transaction         :   R4 434 666.96*
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

Director                           :   Mr A R Hinkly
Company                            :   Rustenburg Platinum Mines Limited(a major
                                       subsidiary of Anglo American Platinum
                                       Limited)
Date of transaction                :   26 April 2016
Nature of transaction              :   Off market vesting of BSP shares accepted
                                       on 26 April 2013 in respect of the BSP
Class of securities                :   Ordinary shares
Number of shares vested            :   8 439
Total value of transaction         :   R3 283 108.56*
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

Director                           :   Ms L N Mogaki
Company                            :   Rustenburg Platinum Mines Limited(
Date of transaction                :   26 April 2016
Nature of transaction              :   Off market vesting of BSP shares accepted
                                       on 26 April 2013 in respect of the BSP
Class of securities                :   Ordinary shares
Number of shares vested            :   1 937
Total value of transaction         :   R753 570.48*
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

Director                           :   Mr J Mokoka
Company                            :   Rustenburg Platinum Mines Limited
Date of transaction                :   26 April 2016
Nature of transaction              :   Off market vesting of BSP shares accepted
                                       on 26 April 2013 in respect of the BSP
Class of securities                :   Ordinary shares
Number of shares vested            :   1 498
Total value of transaction         :   R582 781.92*
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

Director                           :   Mr J Ndlovu
Company                            :   Rustenburg Platinum Mines Limited(
Date of transaction                :   26 April 2016
Nature of transaction              :   Off market vesting of BSP shares accepted
                                       on 26 April 2013 in respect of the BSP
Class of securities                :   Ordinary shares
Number of shares vested            :   6 406
Total value of transaction         :   R2 492 190.24*
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

Director                           :   Mr D W Pelser
Company                            :   Rustenburg Platinum Mines Limited
Date of transaction                :   26 April 2016
Nature of transaction              :   Off market vesting of BSP shares accepted
                                       on 26 April 2013 in respect of the BSP
Class of securities                :   Ordinary shares
Number of shares vested            :   1 938
Total value of transaction         :   R753 959.52*
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

Director                           :   Mr V P Pillay
Company                            :   Rustenburg Platinum Mines Limited
Date of transaction                :   26 April 2016
Nature of transaction              :   Off market vesting of BSP shares accepted
                                       on 26 April 2013 in respect of the BSP
Class of securities                :   Ordinary shares
Number of shares vested            :   8 853
Total value of transaction         :   R3 444 171.12*
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

Director                           :   Mr M Poggiolini
Company                            :   Rustenburg Platinum Mines Limited
Date of transaction                :   26 April 2016
Nature of transaction              :   Off market vesting of BSP shares accepted
                                       on 26 April 2013 in respect of the BSP
Class of securities                :   Ordinary shares
Number of shares vested            :   3 626
Total value of transaction         :   R1 410 659.04*
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

Director                           :   Dr G L Smith
Company                            :   Rustenburg Platinum Mines Limited
Date of transaction                :   26 April 2016
Nature of transaction              :   Off market vesting of BSP shares accepted
                                       on 26 April 2013 in respect of the BSP
Class of securities                :   Ordinary shares
Number of shares vested            :   1 951
Total value of transaction         :   R759 017.04*
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

*using the volume weighted average price of R389.04 on 26 April 2016
________________________________________________________________________________

SALE OF BSP AWARDS VESTED ON 26 April 2016

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


Director                           :   Mr C I Griffith
Company                            :   Anglo American Platinum Limited
Date of transaction                :   29 April 2016
Nature of transaction              :   On market sale of BSP shares vested on 26
                                       April 2016
Class of securities                :   Ordinary shares
Number of shares sold              :   4 577
Average selling price              :   R392.3164**
Total value of transaction         :   R1 795 632.16
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

Director                           :   Mr A R Hinkly
Company                            :   Rustenburg Platinum Mines Limited
Date of transaction                :   29 April 2016
Nature of transaction              :   On market sale of BSP shares vested on 26
                                       April 2016
Class of securities                :   Ordinary shares
Number of shares sold              :   8 439
Average selling price              :   R392.3164**
Total value of transaction         :   R3 310 758.10
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

Director                           :   Ms L N Mogaki
Company                            :   Rustenburg Platinum Mines Limited
Date of transaction                :   29 April 2016
Nature of transaction              :   On market sale of BSP shares vested on 26
                                       April 2016
Class of securities                :   Ordinary shares
Number of shares sold              :   1 937
Average selling price              :   R392.3164**
Total value of transaction         :   R759 916.87
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

Director                           :   Mr J Mokoka
Company                            :   Rustenburg Platinum Mines Limited
Date of transaction                :   29 April 2016
Nature of transaction              :   On market sale of BSP shares vested on 26
                                       April 2016
Class of securities                :   Ordinary shares
Number of shares sold              :   1 498
Average selling price              :   R392.3164**
Total value of transaction         :   R587 689.97
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

Director                           :   Mr J Ndlovu
Company                            :   Rustenburg Platinum Mines Limited
Date of transaction                :   29 April 2016
Nature of transaction              :   On market sale of BSP shares vested on 26
                                       April 2016
Class of securities                :   Ordinary shares
Number of shares sold              :   6 406
Average selling price              :   R392.3164**
Total value of transaction         :   R2 513 178.86
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

Director                           :   Mr V P Pillay
Company                            :   Rustenburg Platinum Mines Limited
Date of transaction                :   29 April 2016
Nature of transaction              :   On market sale of BSP shares vested on 26
                                       April 2016
Class of securities                :   Ordinary shares
Number of shares sold              :   8 853
Average selling price              :   R392.3164**
Total value of transaction         :   R3 473 177.09
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

Director                           :   Mr D W Pelser
Company                            :   Rustenburg Platinum Mines Limited
Date of transaction                :   3 May 2016
Nature of transaction              :   On market sale of BSP shares vested on 26
                                       April 2016
Class of securities                :   Ordinary shares
Number of shares sold              :   788
Average selling price              :   R404.8600
Total value of transaction         :   R319 029.68
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

Director                           :   Dr G L Smith
Company                            :   Rustenburg Platinum Mines Limited
Date of transaction                :   29 April 2016
Nature of transaction              :   On market sale of BSP shares vested on 26
                                       April 2016
Class of securities                :   Ordinary shares
Number of shares sold              :   790
Average selling price              :   R392.3164**
Total value of transaction         :   R309 929.96
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

Director                           :   Mr M Poggiolini
Company                            :   Rustenburg Platinum Mines Limited
Date of transaction                :   29 April 2016
Nature of transaction              :   On market sale of BSP shares vested on 26
                                       April 2016
Class of securities                :   Ordinary shares
Number of shares sold              :   3 626
Average selling price              :   R392.3164**
Total value of transaction         :   R1 422 539.27
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

** Average selling price is based on transactions effected by the Company over a
period of 3 days. The highest and lowest prices for each day were as follows:

Date                         Highest price                 Lowest price
26 April 2016                R393.47                       R387.00
28 April 2016                R399.02                       R387.20
29 April 2016                R406.26                       R398.45
________________________________________________________________________________

VESTING OF LTIP CONDITIONAL AWARDS GRANTED ON 26 APRIL 2013

The LTIP conditional awards granted on 26 April 2013 vested on 26 April 2016.
These awards were subject to a three year vesting period. 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 89.65% of
the awards have vested.

Director                           :   Mr C I Griffith
Company                            :   Anglo American Platinum Limited
Date of transaction                :   26 April 2016
Nature of transaction              :   Off market vesting of conditional awards
                                       accepted on 26 April 2013 in terms of the
                                       LTIP
Class of securities                :   Ordinary shares
Number of conditional awards
vested                             :   26 141
Value of transaction               :   R10 171 463.10***
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

Director                           :   Mr A R Hinkly
Company                            :   Rustenburg Platinum Mines Limited
Date of transaction                :   26 April 2016
Nature of transaction              :   Off market vesting of conditional awards
                                       accepted on 26 April 2013 in terms of the
                                       LTIP
Class of securities                :   Ordinary shares
Number of conditional awards
vested                             :   14 343
Value of transaction               :   R5 580 861.30***
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

Director                           :   Mr J Ndlovu
Company                            :   Rustenburg Platinum Mines Limited
Date of transaction                :   26 April 2016
Nature of transaction              :   Off market vesting of conditional awards
                                       accepted on 26 April 2013 in terms of the
                                       LTIP
Class of securities                :   Ordinary shares
Number of conditional awards
vested                             :   13 183
Value of transaction               :   R5 129 505.30***
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

Director                           :   Mr V P Pillay
Company                            :   Rustenburg Platinum Mines Limited
Date of transaction                :   26 April 2016
Nature of transaction              :   Off market vesting of conditional awards
                                       accepted on 26 April 2013 in terms of the
                                       LTIP
Class of securities                :   Ordinary shares
Number of conditional awards
vested                             :   12 457
Value of transaction               :   R4 847 018.70***
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

Director                           :   Mr D W Pelser
Company                            :   Rustenburg Platinum Mines Limited
Date of transaction                :   26 April 2016
Nature of transaction              :   Off market vesting of conditional awards
                                       accepted on 26 April 2013 in terms of the
                                       LTIP
Class of securities                :   Ordinary shares
Number of conditional awards
vested                             :   11 306
Value of transaction               :   R4 399 164.60***
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

*** using the closing market price of R389.10 on 26 April 2016.
________________________________________________________________________________

SALE OF LTIP CONDITIONAL AWARDS VESTED ON 26 APRIL 2016

The Company elects to settle the tax obligation of director that arises on the
vesting date in cash and the director is able to either retain or sell the
remaining awards, after deducting the value the tax obligation of the director
from the award.

Director                           :   Mr C I Griffith
Company                            :   Anglo American Platinum Limited
Date of transaction                :   29 April 2016
Nature of transaction              :   On market sale of LTIP shares vested on
                                       26 April 2016
Class of securities                :   Ordinary shares
Number of shares sold
                                   :   15 423
Average selling price              :   R403.4051****
Value of transaction               :   R6 221 716.86
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

Director                           :   Mr A R Hinkly
Company                            :   Rustenburg Platinum Mines Limited
Date of transaction                :   29 April 2016
Nature of transaction              :   On market sale of LTIP shares vested on
                                       26 April 2016
Class of securities                :   Ordinary shares
Number of shares sold              :   7 602
Average selling price              :   R403.4051****
Value of transaction               :   R3 066 685.57
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

Director                           :   Mr J Ndlovu
Company                            :   Rustenburg Platinum Mines Limited
Date of transaction                :   29 April 2016
Nature of transaction              :   On market sale of LTIP shares vested on
                                       26 April 2016
Class of securities                :   Ordinary shares
Number of shares sold              :   7 778
Selling price                      :   R403.4051****
Value of transaction               :   R3 137 684.87
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

Director                           :   Mr V P Pillay
Company                            :   Rustenburg Platinum Mines Limited
Date of transaction                :   29 April 2016
Nature of transaction              :   On market sale of LTIP shares vested on
                                       26 April 2016
Class of securities                :   Ordinary shares
Number of shares sold              :   7 350
Selling price                      :   R403.4051****
Value of transaction               :   R2 965 027.49
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

**** Average selling price is based on transactions effected by the Company over
a period of 1 day. The highest and lowest prices for each day were R406.01 and
R399.50 respectively.
________________________________________________________________________________

VESTING OF LTIP NON-CONDITIONAL AWARDS VESTED ON 26 APRIL 2016

The LTIP non-conditional awards granted on 26 April 2013 vested on 26 April
2016.

Director                           :   Ms L N Mogaki
Company                            :   Rustenburg Platinum Mines Limited
Date of transaction                :   26 April 2016
Nature of transaction              :   Off market vesting of non-conditional
                                       awards accepted on 26 April 2013 in
                                       terms of the LTIP NC
Class of securities                :   Ordinary shares
Number of shares vested            :   863
Value of transaction               :   R335 793.30***
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes


Director                           :   Mr J K Mokoka
Company                            :   Rustenburg Platinum Mines Limited
Date of transaction                :   26 April 2016
Nature of transaction              :   Off market vesting of non-conditional
                                       awards accepted on 26 April 2013 in
                                       terms of the LTIP NC
Class of securities                :   Ordinary shares
Number of shares vested            :   800
Value of transaction               :   R311 280.00***
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

Director                           :   Mr M Poggiolini
Company                            :   Rustenburg Platinum Mines Limited
Date of transaction                :   26 April 2016
Nature of transaction              :   Off market vesting of non-conditional
                                       awards accepted on 26 April 2013 in
                                       terms of the LTIP NC
Class of securities                :   Ordinary shares
Number of shares vested            :   877
Value of transaction               :   R341 240.70***
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

Director                           :   Dr G L Smith
Company                            :   Rustenburg Platinum Mines Limited
Date of transaction                :   26 April 2016
Nature of transaction              :   Off market vesting of non-conditional
                                       awards accepted on 26 April 2013 in
                                       terms of the LTIP NC
Class of securities                :   Ordinary shares
Number of shares vested            :   907
Value of transaction               :   R352 913.70***
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

*** using the closing market price of R389.10 on 26 April 2016.
________________________________________________________________________________

SALE OF LTIP NON CONDITIONAL AWARDS VESTED ON 26 April 2016

The Company elects to settle the tax obligation of director that arises on the
vesting date in cash and the director is able to either retain or sell the
remaining awards, after deducting the value the tax obligation of the director
from the award.

Director                           :   Ms L N Mogaki
Company                            :   Rustenburg Platinum Mines Limited
Date of transaction                :   29 April 2016
Nature of transaction              :   On market sale of LTIP NC shares vested
                                       on 26 April 2016
Class of securities                :   Ordinary shares
Number of shares sold              :   509
Average selling price              :   R403.4051****
Value of transaction               :   R205 333.20
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

Director                           :   Mr J K Mokoka
Company                            :   Rustenburg Platinum Mines Limited
Date of transaction                :   29 April 2016
Nature of transaction              :   On market sale of LTIP NC shares vested
                                       on 26 April 2016
Class of securities                :   Ordinary shares
Number of shares sold              :   472
Average selling price              :   R403.4051****
Value of transaction               :   R190 407.21
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

Director                           :   Mr M Poggiolini
Company                            :   Rustenburg Platinum Mines Limited
Date of transaction                :   29 April 2016
Nature of transaction              :   On market sale of LTIP NC shares vested
                                       on 26 April 2016
Class of securities                :   Ordinary shares
Number of shares sold              :   517
Average selling price              :   R403.4051****
Value of transaction               :   R208 560.44
Nature of interest                 :   Direct beneficial
Clearance obtained                 :   Yes

**** Average selling price is based on transactions effected by the Company over
a period of 1 day. The highest and lowest prices for each day were R406.01 and
R399.50 respectively.

Johannesburg
4 May 2016

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

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