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RBP - Royal Bafokeng Platinum Limited - Directors` dealings in terms of the IPO

Release Date: 09/05/2012 08:48
Code(s): RBP
Wrap Text

RBP - Royal Bafokeng Platinum Limited - Directors` dealings in terms of the IPO and bonus share schemes Royal Bafokeng Platinum Limited (Incorporated in South Africa) Registration number 2008/015696/06 Share code: RBP ISIN: ZAE000149936 ("RBPlat" or "the Company") DIRECTORS` DEALINGS IN TERMS OF THE IPO AND BONUS SHARE SCHEMES Shareholders are referred to the pre-listing statement, dated 18 October 2010 and more specifically the section therein referring to the share schemes operated by RBPlat. In terms of the IPO share scheme, the 417 416 ordinary shares issued to employees in November 2010 during the Initial Public Offering process vested on the 8th of May 2012 ("Vested Shares"). The Vested Shares have resulted in the following beneficial interests of the executive directors, directors of a major subsidiary and the company secretary: SD Phiri (Chief Executive Officer) 99 174 ordinary shares vested Total deemed value: R5 982 442.36* MJL Prinsloo (Chief Financial Officer) 76 267 ordinary shares vested Total deemed value: R4 600 630.52* NJ Muller (Chief Operating Officer) 74 989 ordinary shares vested Total deemed value: R4 523 538.13* MI Mthenjane (Director of Major Subsidiary being Royal Bafokeng Resources (Pty) Ltd) 16 529 ordinary shares vested Total deemed value: R997 073.73* KV Tlhabanelo (Director of Major Subsidiary being Royal Bafokeng Resources (Pty) Ltd) 27 273 ordinary shares vested Total deemed value: R1 645 180.70* LC Jooste (Company Secretary) 11 901 ordinary shares vested Total deemed value: R717 900.32* Nature and extent of interests: direct beneficial, off-market transactions. *The deemed value per share is based on a seven (7) day volume weighted average price of R60.3227 as at 8 may 2012. Further to the above, shareholders are advised that in terms of the Bonus Share Plan, the bonus shares awarded to qualifying employees in May 2012 amount to 424 985 ordinary shares which have been issued at a deemed price of R57.99. Such shares are to be held by the Company`s escrow agent on behalf of employees for a period of three (3) years until the date of maturity of such shares. The following executive directors, directors of a major subsidiary and the company secretary, will receive the following awards: SD Phiri (Chief Executive Officer) 43 156 ordinary shares at a deemed price of R57.99 Total deemed value: R2 502 616.44 MJL Prinsloo (Chief Financial Officer) 35 219 ordinary shares at a deemed price of R57.99 Total deemed value: R2 042 349.81 NJ Muller (Chief Operating Officer) 32 746 ordinary shares at a deemed price of R57.99 Total deemed value: R1 898 940.54 MI Mthenjane (Director of Major Subsidiary being Royal Bafokeng Resources (Pty) Ltd) 24 368 ordinary shares at a deemed price of R57.99 Total deemed value: R1 413 100.32 KV Tlhabanelo (Director of Major Subsidiary being Royal Bafokeng Resources (Pty) Ltd) 26 823 ordinary shares at a deemed price of R57.99 Total deemed value: R1 555 465.77 LC Jooste (Company Secretary) 11 548 ordinary shares at a deemed price of R57.99 Total deemed value: R669 668.52 Nature and extent of interests: direct beneficial (once vested), off-market transactions. The share allotments as described above have been finalised and the shares were delivered to the participant`s escrow accounts on 07 May 2012. Johannesburg 09 May 2012 JSE Sponsor Macquarie First South Capital (Pty) Limited For further enquiries, please contact: Lester Jooste Company Secretary Tel: +27 (0)10 590 4519 Email: lester@bafokengplatinum.co.za Date: 09/05/2012 08:48:02 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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