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FIRSTRAND LIMITED - Dealings in securities by directors

Release Date: 22/09/2016 17:01
Code(s): FSR     PDF:  
Wrap Text
Dealings in securities by directors

FirstRand Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1966/010753/06)
ISIN: ZAE 000066304
Share Code: (JSE): FSR
Share Code: (NSX): FST
("FSR" or “FirstRand”)

DEALINGS IN SECURITIES BY DIRECTORS

In compliance with the JSE Limited Listings Requirements, the following information in respect of director’s
dealings is disclosed.

The transactions undertaken by FirstRand executive directors relate to long term incentive awards which have
now settled according to the appropriate performance targets detailed in the Bonus Deferral Conditional
Incentive Plan (“BCIP”) and Conditional Incentive Plan (“CIP”) and which restrictions were lifted on
13 September 2016 and 15 September 2016, respectively.

The CIP required fulfilment of the following performance targets which have been met in the financial years to
30 June 2014, 2015 and 2016:
- normalised earnings growth which equals or exceeds nominal GDP; plus 3% on a cumulative basis over the
  life of the award; and
- positive net income after cost of capital (NIACC) generated over the life of the award.

In terms of the BCIP and CIP, directors are settled in cash and may further instruct FirstRand to acquire shares
at market value on their behalf. The resultant share purchases are accordingly disclosed as follows:

Director                                     :   Alan Patrick Pullinger
Company name                                 :   FirstRand Limited
Nature of transaction                        :   On-market purchase of FSR ordinary shares
Date of transaction                          :   16 September 2016
Purchase price                               :   R46.9461
Number of ordinary shares purchased          :   132 316
Value of shares purchased                    :   R6 211 720
Date of transaction                          :   21 September 2016
Purchase price                               :   R47.5367
Number of ordinary shares purchased          :   141 843
Value of shares purchased                    :   R6 742 748
Director’s interest                          :   Direct beneficial
Clearance obtained                           :   Yes

Director name                                :   Hetash Surendrakumar Kellan
Company                                      :   FirstRand Limited
Nature of transaction                        :   On-market purchase of FSR ordinary shares
Purchase date                                :   16 September 2016
Purchase price                               :   R46.9461
Number of ordinary shares purchased          :   10 127
Value of shares purchased                    :   R475 423
Purchase date                                :   21 September 2016
Purchase price                               :   R47.5367
Number of ordinary shares purchased          :   39 675
Value of shares purchased                    :   R1 886 019
Director’s interest                          :   Direct beneficial
Clearance obtained                           :   Yes


Sandton
22 September 2016

Sponsor
RAND MERCHANT BANK (a division of the FirstRand Bank Limited)

Date: 22/09/2016 05:01:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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