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KUMBA IRON ORE LIMITED - Acceptance of award of forfeitable shares by directors and by directors of a major subsidiary

Release Date: 11/03/2020 13:35
Code(s): KIO     PDF:  
Wrap Text
Acceptance of award of forfeitable shares by directors and by directors of a major subsidiary

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”)

ACCEPTANCE OF AWARD OF FORFEITABLE SHARES BY DIRECTORS AND BY DIRECTORS OF
A MAJOR SUBSIDIARY

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

Director:                Themba Moyeni Mkhwanazi
Company:                 Kumba Iron Ore Limited
Grant date:              1 March 2020
Acceptance date:         6 March 2020
Nature of transaction:   Off market grant and acceptance of forfeitable
                         shares
Class of securities:     Ordinary shares
Number of shares:        22,330
                         (14 887 shares will vest on 1 March 2023 and
                         7 443 shares will vest on 1 March 2025
                         provided that the director remains in the
                         employ of the Anglo American plc group of
                         companies)
Award price*:            R356.54
Value of transaction:    R7,961,538.20
Nature of interest:      Direct beneficial
Clearance obtained:      Yes

Director:                Bothwell Anesu Mazarura
Company:                 Kumba Iron Ore Limited
Grant date:              1 March 2020
Acceptance date:         6 March 2020
Nature of transaction:   Off market grant and acceptance of forfeitable
                         shares
Class of securities:     Ordinary shares
Number of shares:        6,977
                         (shares will vest on 1 March 2023 provided
                         that the director remains in the employee of
                         the Anglo American plc group of companies)
Award price*:            R356.54
Value of transaction:    R2,487,579.58
Nature of interest:      Direct beneficial
Clearance obtained:      Yes

Director:                Seboleleng Virginia Tyobeka
Company:                 Sishen Iron Ore Company Proprietary
                         Limited, a major subsidiary of Kumba
Grant date:              1 March 2020
Acceptance date:         6 March 2020
Nature of transaction:   Off market grant and acceptance of forfeitable
                         shares
Class of securities:     Ordinary shares
Number of shares:        3,905
                         (shares will vest on 1 March 2023 provided
                         that the director remains in the employee of
                         the Anglo American plc group of companies)
Award price*:            R356.54
Value of transaction:    R1,392,288.70
Nature of interest:      Direct beneficial
Clearance obtained:      Yes

Director:                Philippus Johannes Pieter Fourie
Company:                 Sishen Iron Ore Company Proprietary
                         Limited, a major subsidiary of Kumba
Grant date:              1 March 2020
Acceptance date:         6 March 2020
Nature of transaction:   Off market grant and acceptance of forfeitable
                         shares
Class of securities:     Ordinary shares
Number of shares:        3,463
                         (shares will vest on 1 March 2023 provided
                         that the director remains in the employee of
                         the Anglo American plc group of companies)
Award price*:            R356.54
Value of transaction:    R1,234,698.02
Nature of interest:      Direct beneficial
Clearance obtained:      Yes

Director:                Daniel Johannes Prins
Company:                 Sishen Iron Ore Company Proprietary
                         Limited, a major subsidiary of Kumba
Grant date:              01 March 2020
Acceptance date:         05 March 2020
Nature of transaction:   Off market grant and acceptance of forfeitable
                         shares
Class of securities:     Ordinary shares
Number of shares:        3,142
                         (shares will vest on 1 March 2023 provided
                         that the director remains in the employee of
                         the Anglo American plc group of companies)
Award price*:            R356.54
Value of transaction:    R1,120,248.68
Nature of interest:      Direct beneficial
Clearance obtained:      Yes

* Award price per share is based on a 3-day VWAP from 18 February 2020.

11 March 2020
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

For further information, please contact:

Company Secretary
Ms Fazila Patel
fazila.patel@angloamerican.com
Tel: +27 683 7063
Mobile: +27 83 297 2293

Investors                                             Media
Penny Himlok                                          Sinah Phochana
penny.himlok@angloamerican.com                        sinah.phochana@angloamerican.com
Tel: +27 12 622 8324                                  Tel: +27 12 683 7019
Mobile: +27 82 781 1888                               Mobile: +27 76 066 0655

Notes to editors:

Kumba Iron Ore Limited, a member of the Anglo American plc group, is a leading value-adding
supplier of high quality iron ore to the global steel industry. Kumba produces iron ore in South Africa at
Sishen and Kolomela mines in the Northern Cape Province. Kumba exports iron ore to customers in a
range of geographical locations around the globe including China, Japan, Korea and a number of
countries in Europe and the Middle East.
www.angloamericankumba.com


Anglo American is a leading global mining company and our products are the essential ingredients in
almost every aspect of modern life. Our portfolio of world-class competitive mining operations and
undeveloped resources provides the metals and minerals that enable a cleaner, more electrified world
and that meet the fast growing consumer-driven demands of the world’s developed and maturing
economies. With our people at the heart of our business, we use innovative practices and the latest
technologies to discover new resources and mine, process, move and market our products to our
customers around the world - safely, responsibly and sustainably.

As a responsible miner - of diamonds (through De Beers), copper, platinum group metals, iron ore,
coal and nickel - we are the custodians of what are precious natural resources. We work together with
our business partners and diverse stakeholders to unlock the sustainable value that those resources
represent for our shareholders, the communities and countries in which we operate, and for society as
a whole. Anglo American is re-imagining mining to improve people’s lives.
www.angloamerican.com

Date: 11-03-2020 01:35:00
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