ROYAL BAFOKENG PLATINUM LIMITED - Directors Dealings in terms of the RBPlat Share Schemes

Release Date: 06/04/2017 17:40
Code(s): RBP
 
Wrap Text
Directors Dealings in terms of the RBPlat Share Schemes

Royal Bafokeng Platinum Limited
Incorporated in South Africa)
Registration number 2008/015696/06
JSE Share code: RBP
ISIN: ZAE000149936
("RBPlat" or "the Company")

DIRECTORS DEALINGS IN TERMS OF THE RBPLAT SHARE SCHEMES

In accordance with paragraph 3.63 of the Listings Requirements of the JSE
Limited (“the Listings Requirements”), shareholders are advised that in
terms of the RBPlat Bonus Share Plan (“BSP”), 304 672 of the scheme
shares awarded to qualifying employees on 1 April 2014 have vested. The
number of BSP scheme share subsequently sold amount to 194 545 and were
sold at an average price of R34.07.

The share dealings in respect of the BSP shares traded on behalf of the
following Executive Directors, Directors of a major subsidiary and the
Company Secretary are reported as follows:

Executive Director:                     SD Phiri (CEO)
Date of vesting:                        3 April 2017
Class of shares:                        Ordinary shares
Number of BSP shares vested:            26 106
Value of share at vesting:              R885 236.19
Nature and extent of interest:          Direct beneficial

The vested shares were acquired by the executive director and none of the
shares were sold.

Executive Director:                     MJL Prinsloo (CFO)
Date of vesting:                        3 April 2017
Class of shares:                        Ordinary shares
Number of BSP shares vested:            19 040
Number of BSP shares sold:              8 853
Date of sale:                           5 April 2017
Highest price per share:                R34.14
Lowest price per share:                 R34.00
Average sale price per BSP share:       R34.07
*Proceeds from shares sold:             R301 621.71
Nature and extent of interest:          Direct beneficial

Director of a major subsidiary:         NA Carr
Date of vesting:                        3 April 2017
Class of shares:                        Ordinary shares
Number of BSP shares vested:            14 829
Number of BSP shares sold:              6 895
Date of sale:                           5 April 2017
Highest price per share:                R34.14
Lowest price per share:                 R34.00
Average sale price per BSP share:       R34.07
*Proceeds from shares sold:             R234 912.65
Nature and extent of interest:          Direct beneficial

Director of a major subsidiary:         KV Tlhabanelo
Date of vesting:                        3 April 2017
Class of shares:                        Ordinary shares
Number of BSP shares vested:            13 704
Number of BSP shares sold:                 6 372
Date of sale:                              5 April 2017
Highest price per share:                   R34.14
Lowest price per share:                    R34.00
Average sale price per BSP share:          R34.07
*Proceeds from shares sold:                R217 094.04
Nature and extent of interest:             Direct beneficial

Company Secretary:                         LC Jooste
Date of vesting:                           3 April 2016
Class of shares:                           Ordinary shares
Number of BSP shares vested:               10 164
Number of BSP shares sold:                 4 726
Date of sale:                              5 April 2017
Highest price per share:                   R34.14
Lowest price per share:                    R34.00
Average sale price per BSP share:          R34.07
*Proceeds from shares sold:                R161 014.82
Nature and extent of interest:             Direct beneficial

* The proceeds from the sale of shares will be used to settle the tax
obligations arising from the vested shares.

The transactions were on market transactions and prior clearances to deal
in the Company shares was obtained in terms of the Company’s share
dealing policy and in compliance with paragraph 3.66 of the Listings
Requirements.

Johannesburg
6 April 2017

JSE Sponsor
Merrill Lynch South Africa (Pty) Limited

For further enquiries, please contact:
Lester Jooste
Company Secretary
Tel: +27 (0)10 590 4519
Email: lester@bafokengplatinum.co.za

Date: 06/04/2017 05:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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