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KUMBA IRON ORE LIMITED - Grant and acceptance of share options by a director

Release Date: 26/09/2017 12:51
Code(s): KIO     PDF:  
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Grant and acceptance of share options by a director

Kumba Iron Ore Limited
A member of the Anglo American plc group
(Incorporated in the Republic of South Africa)
(Registration number 2005/015852/06)
Share code: KIO
ISIN: ZAE000085346
(“Kumba” or “the company”)

GRANT AND ACCEPTANCE OF SHARE OPTIONS BY A DIRECTOR

In terms of the Listings Requirements of the JSE Limited, the following information is disclosed:

Director:                                                Bothwell Anesu Mazarura
Company:                                                 Kumba Iron Ore Limited
Grant date:                                              1 September 2017
Acceptance date:                                         22 September 2017
Nature of transaction:                                   Off market grant and acceptance of
                                                         Long Term Incentive Plan (“LTIP”) options
Class of securities:                                     Ordinary shares
Number of options:                                       15,496
Grant price*:                                            R211.55
Value of transaction:                                    R3,278,176.80
Vesting period:                                          Share options vest after three years on
                                                         certain performance criteria being met in
                                                         terms of the Kumba LTIP
Nature of interest:                                      Direct beneficial
Clearance obtained:                                      Yes

*Average purchase price is based on the average VWAP of transactions effected by the company over
a period of 3 business days. The highest and lowest for each day were as follows:

Date                        Highest price        Lowest price
29 August 2017              R208.06              R204.44
30 August 2017              R211.70              R205.60
31 August 2017              R219.31              R208.00




26 September 2017
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 26/09/2017 12:51:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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