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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 16 April 2014
and LTIP awards granted on 16 April 2014 which awards have vested on 16 April 2017,
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 2016 Integrated Report.
VESTING OF BSP AWARDS GRANTED ON 16 APRIL 2014
Director : Mr C I Griffith
Company : Anglo American Platinum Limited
Date of transaction : 16 April 2017
Nature of transaction : Off market vesting of BSP shares accepted
on 16 April 2014 in respect of the BSP
Class of securities : Ordinary shares
Number of shares vested : 8 026
Total value of transaction : R2 927 242,72*
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Mr A R Hinkly
Company : Anglo Platinum Marketing Limited (a major
subsidiary of Anglo American Platinum
Limited)
Date of transaction : 16 April 2017
Nature of transaction : Off market vesting of BSP shares accepted
on 16 April 2014 in respect of the BSP
Class of securities : Ordinary shares
Number of shares vested : 6 435
Total value of transaction : R2 346 973,20*
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Ms L N Mogaki
Company : Rustenburg Platinum Mines Limited (a
major subsidiary of Anglo American
Platinum Limited)
Date of transaction : 16 April 2017
Nature of transaction : Off market vesting of BSP shares accepted
on 16 April 2014 in respect of the BSP
Class of securities : Ordinary shares
Number of shares vested : 2 811
Total value of transaction : R1 025 227,92*
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Mr J Mokoka
Company : Rustenburg Platinum Mines Limited (a
major subsidiary of Anglo American
Platinum Limited)
Date of transaction : 16 April 2017
Nature of transaction : Off market vesting of BSP shares accepted
on 16 April 2014 in respect of the BSP
Class of securities : Ordinary shares
Number of shares vested : 1 562
Total value of transaction : R569 692,64*
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Mr D W Pelser
Company : Rustenburg Platinum Mines Limited (a
major subsidiary of Anglo American
Platinum Limited)
Date of transaction : 16 April 2017
Nature of transaction : Off market vesting of BSP shares accepted
on 16 April 2014 in respect of the BSP
Class of securities : Ordinary shares
Number of shares vested : 3 595
Total value of transaction : R1 311 168,40*
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Mr I Pillay
Company : Rustenburg Platinum Mines Limited (a
major subsidiary of Anglo American
Platinum Limited)
Date of transaction : 16 April 2017
Nature of transaction : Off market vesting of BSP shares accepted
on 16 April 2014 in respect of the BSP
Class of securities : Ordinary shares
Number of shares vested : 3 171
Total value of transaction : R1 156 527,12*
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Mr V P Pillay
Company : Rustenburg Platinum Mines Limited (a
major subsidiary of Anglo American
Platinum Limited)
Date of transaction : 16 April 2017
Nature of transaction : Off market vesting of BSP shares accepted
on 16 April 2014 in respect of the BSP
Class of securities : Ordinary shares
Number of shares vested : 6 129
Total value of transaction : R2 235 368,88*
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Mr M Poggiolini
Company : Rustenburg Platinum Mines Limited (a
major subsidiary of Anglo American
Platinum Limited)
Date of transaction : 16 April 2017
Nature of transaction : Off market vesting of BSP shares accepted
on 16 April 2014 in respect of the BSP
Class of securities : Ordinary shares
Number of shares vested : 1 962
Total value of transaction : R715 580,64*
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Dr G L Smith
Company : Rustenburg Platinum Mines Limited (a
major subsidiary of Anglo American
Platinum Limited)
Date of transaction : 16 April 2017
Nature of transaction : Off market vesting of BSP shares accepted
on 16 April 2014 in respect of the BSP
Class of securities : Ordinary shares
Number of shares vested : 2 661
Total value of transaction : R970 519,92*
Nature of interest : Direct beneficial
Clearance obtained : Yes
*using the volume weighted average price of R364,72 on 18 April 2017
________________________________________________________________________________
SALE OF SHARES GRANTED IN TERMS OF BSP AWARDS VESTED ON 16 April 2017
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 : 18 to 25 April 2017
Nature of transaction : On market sale of BSP shares vested on 16
April 2017
Class of securities : Ordinary shares
Number of shares sold : 3 691
Average selling price : R353,26**
Total value of transaction : R1 303 897,39
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Mr A R Hinkly
Company : Anglo Platinum Marketing Limited (a major
subsidiary of Anglo American Platinum
Limited)
Date of transaction : 18 to 25 April 2017
Nature of transaction : On market sale of BSP shares vested on 16
April 2017
Class of securities : Ordinary shares
Number of shares sold : 6 435
Average selling price : R353,26**
Total value of transaction : R2 273 253,78
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Ms L N Mogaki
Company : Rustenburg Platinum Mines Limited (a
major subsidiary of Anglo American
Platinum Limited)
Date of transaction : 18 to 25 April 2017
Nature of transaction : On market sale of BSP shares vested on 16
April 2016
Class of securities : Ordinary shares
Number of shares sold : 2 811
Average selling price : R353,26**
Total value of transaction : R993 025,08
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Mr J Mokoka
Company : Rustenburg Platinum Mines Limited (a
major subsidiary of Anglo American
Platinum Limited)
Date of transaction : 18 to 25 April 2017
Nature of transaction : On market sale of BSP shares vested on 16
April 2016
Class of securities : Ordinary shares
Number of shares sold : 1 562
Average selling price : R353,26**
Total value of transaction : R551 798,35
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Mr I Pillay
Company : Rustenburg Platinum Mines Limited (a
major subsidiary of Anglo American
Platinum Limited)
Date of transaction : 18 to 25 April 2017
Nature of transaction : On market sale of BSP shares vested on 16
16 April 20176
Class of securities : Ordinary shares
Number of shares sold : 1 458
Average selling price : R353,26**
Total value of transaction : R515 058,90
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Mr V P Pillay
Company : Rustenburg Platinum Mines Limited (a
major subsidiary of Anglo American
Platinum Limited)
Date of transaction : 18 to 25 April 2017
Nature of transaction : On market sale of BSP shares vested on 16
April 2016
Class of securities : Ordinary shares
Number of shares sold : 6 129
Average selling price : R353,26**
Total value of transaction : R2 165 155,00
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Mr D W Pelser
Company : Rustenburg Platinum Mines Limited (a
major subsidiary of Anglo American
Platinum Limited)
Date of transaction : 18 to 25 April 2017
Nature of transaction : On market sale of BSP shares vested on 16
April 2017
Class of securities : Ordinary shares
Number of shares sold : 3 595
Average selling price : R353,26**
Total value of transaction : R1 269 984,05
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Dr G L Smith
Company : Rustenburg Platinum Mines Limited (a
major subsidiary of Anglo American
Platinum Limited)
Date of transaction : 18 to 25 April 2017
Nature of transaction : On market sale of BSP shares vested on 16
April 2017
Class of securities : Ordinary shares
Number of shares sold : 2 661
Average selling price : R353,26**
Total value of transaction : R940 035,48
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Mr M Poggiolini
Company : Rustenburg Platinum Mines Limited (a
major subsidiary of Anglo American
Platinum Limited)
Date of transaction : 18 to 25 April 2017
Nature of transaction : On market sale of BSP shares vested on 16
April 2017
Class of securities : Ordinary shares
Number of shares sold : 1 962
Average selling price : R353,26**
Total value of transaction : R693 103,95
Nature of interest : Direct beneficial
Clearance obtained : Yes
** Average selling price is based on transactions effected by the Company over a
period of 5 days. The highest and lowest prices for each day were as follows:
Date Highest price Lowest price
18 April 2017 R370,00 R357,53
19 April 2017 R378,00 R353.31
20 April 2017 R366,82 E345,32
21 April 2017 R358,90 R341,85
25 April 2017 R326,38 R310,98
________________________________________________________________________________
VESTING OF LTIP CONDITIONAL AWARDS GRANTED ON 16 APRIL 2014
The LTIP conditional awards granted on 16 April 2014 vested on 16 April 2017.
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 33.23% of the
awards have vested.
Director : Mr C I Griffith
Company : Anglo American Platinum Limited
Date of transaction : 16 April 2017
Nature of transaction : Off market vesting of conditional awards
accepted on 16 April 2014 in terms of the
LTIP
Class of securities : Ordinary shares
Number of conditional awards
vested : 7 510
Value of transaction : R2 733 640,00***
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Mr I Pillay
Company : Rustenburg Platinum Mines Limited (a
major subsidiary of Anglo American
Platinum Limited)
Date of transaction : 16 April 2017
Nature of transaction : Off market vesting of conditional awards
accepted on 16 April 2014 in terms of the
LTIP
Class of securities : Ordinary shares
Number of conditional awards
vested : 2 938
Value of transaction : R1 069 432,00***
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Mr V P Pillay
Company : Rustenburg Platinum Mines Limited (a
major subsidiary of Anglo American
Platinum Limited)
Date of transaction : 16 April 2017
Nature of transaction : Off market vesting of conditional awards
accepted on 16 April 2014 in terms of the
LTIP
Class of securities : Ordinary shares
Number of conditional awards
vested : 3 431
Value of transaction : R1 248 884,00***
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Mrs L N Mogaki
Company : Rustenburg Platinum Mines Limited (a
major subsidiary of Anglo American
Platinum Limited)
Date of transaction : 16 April 2017
Nature of transaction : Off market vesting of conditional awards
accepted on 16 April 2014 in terms of the
LTIP
Class of securities : Ordinary shares
Number of conditional awards
vested : 3 115
Value of transaction : R1 133 860,00***
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Mr D W Pelser
Company : Rustenburg Platinum Mines Limited (a
major subsidiary of Anglo American
Platinum Limited)
Date of transaction : 16 April 2017
Nature of transaction : Off market vesting of conditional awards
accepted on 16 April 2014 in terms of the
LTIP
Class of securities : Ordinary shares
Number of conditional awards
vested : 3 115
Value of transaction : R1 133 860,00***
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Dr G L Smith
Company : Rustenburg Platinum Mines Limited (a
major subsidiary of Anglo American
Platinum Limited)
Date of transaction : 16 April 2017
Nature of transaction : Off market vesting of conditional awards
accepted on 16 April 2014 in terms of the
LTIP
Class of securities : Ordinary shares
Number of conditional awards
vested : 3 115
Value of transaction : R1 133 860,00***
Nature of interest : Direct beneficial
Clearance obtained : Yes
*** using the closing market price of R364,00 on 18 April 2017
________________________________________________________________________________
SALE OF SHARES GRANTED IN TERMS OF LTIP CONDITIONAL AWARDS VESTED ON 16 APRIL
2017
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 : 18 to 25 April 2017
Nature of transaction : On market sale of LTIP shares vested on
16 April 2017
Class of securities : Ordinary shares
Number of shares sold 7 510
:
Average selling price : R353,26**
Value of transaction : R2 653 012,57
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Mr I Pillay
Company : Rustenburg Platinum Mines Limited (a
major subsidiary of Anglo American
Platinum Limited)
Date of transaction : 18 to 25 April 2017
Nature of transaction : On market sale of LTIP shares vested on
16 April 2017
Class of securities : Ordinary shares
Number of shares sold : 1 351
Selling price : R353,26**
Value of transaction : R477 259,65
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Mr V P Pillay
Company : Rustenburg Platinum Mines Limited (a
major subsidiary of Anglo American
Platinum Limited)
Date of transaction : 18 to 25 April 2017
Nature of transaction : On market sale of LTIP shares vested on
16 April 2017
Class of securities : Ordinary shares
Number of shares sold : 3 431
Selling price : R353,26**
Value of transaction : R1 212 048,75
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Dr G L Smith
Company : Rustenburg Platinum Mines Limited (a
major subsidiary of Anglo American
Platinum Limited)
Date of transaction : 18 to 25 April 2017
Nature of transaction : On market sale of LTIP shares vested on
16 April 2017
Class of securities : Ordinary shares
Number of shares sold : 3 115
Selling price : R353,26**
Value of transaction : R1 100 417,33
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Mr D W Pelser
Company : Rustenburg Platinum Mines Limited (a
major subsidiary of Anglo American
Platinum Limited)
Date of transaction : 18 to 25 April 2017
Nature of transaction : On market sale of LTIP shares vested on
16 April 2017
Class of securities : Ordinary shares
Number of shares sold : 3 115
Selling price : R353,26**
Value of transaction : R1 100 417,33
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Mrs L N Mogaki
Company : Rustenburg Platinum Mines Limited (a
major subsidiary of Anglo American
Platinum Limited)
Date of transaction : 18 to 25 April 2017
Nature of transaction : On market sale of LTIP shares vested on
16 April 2017
Class of securities : Ordinary shares
Number of shares sold : 3 115
Selling price : R353,26**
Value of transaction : R1 100 417,33
Nature of interest : Direct beneficial
Clearance obtained : Yes
** Average selling price is based on transactions effected by the Company over a
period of 5 days. The highest and lowest prices for each day were as follows:
Date Highest price Lowest price
18 April 2017 R370,00 R357,53
19 April 2017 R378,00 R353.31
20 April 2017 R366,82 E345,32
21 April 2017 R358,90 R341,85
25 April 2017 R326,38 R310,98
________________________________________________________________________________
SALE OF SHARES GRANTED IN TERMS OF LTIP NON CONDITIONAL AWARDS VESTED ON 16 April
2017
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 J K Mokoka
Company : Rustenburg Platinum Mines Limited (a
major subsidiary of Anglo American
Platinum Limited)
Date of transaction : 18 to 25 April 2017
Nature of transaction : On market sale of LTIP NC shares vested
on 16 April 2017
Class of securities : Ordinary shares
Number of shares sold : 597
Average selling price : R353,26**
Value of transaction : R210 898,60
Nature of interest : Direct beneficial
Clearance obtained : Yes
Director : Mr M Poggiolini
Company : Rustenburg Platinum Mines Limited (a
major subsidiary of Anglo American
Platinum Limited)
Date of transaction : 18 to 25 April 2017
Nature of transaction : On market sale of LTIP NC shares vested
on 16 April 2017
Class of securities : Ordinary shares
Number of shares sold : 658
Average selling price : R353,26**
Value of transaction : R232 447,71
Nature of interest : Direct beneficial
Clearance obtained : Yes
** Average selling price is based on transactions effected by the Company over a
period of 5 days. The highest and lowest prices for each day were as follows:
Date Highest price Lowest price
18 April 2017 R370,00 R357,53
19 April 2017 R378,00 R353.31
20 April 2017 R366,82 E345,32
21 April 2017 R358,90 R341,85
25 April 2017 R326,38 R310,98
Johannesburg
28 April 2017
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 28/04/2017 09:56:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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