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ANGLO AMERICAN PLATINUM LIMITED - Dealings in Securities by Directors of the Company and Directors of a Major Subsidiary

Release Date: 24/04/2018 16:45
Code(s): AMS     PDF:  
Wrap Text
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 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 sale of shares for the vesting of BSP awards
granted on 16 April 2015; and LTIP and non-conditional LTIP (LTIPNC) awards granted
on 16 April 2015 which awards have vested on 16 April 2018, as per the rules of
the two schemes. The BSP and LTIPNC 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 2017 Integrated Report.
________________________________________________________________________________

SALE OF SHARES GRANTED IN TERMS OF BSP AWARDS VESTED ON 16 April 2018

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                  :   16 to 23 April 2018
Nature of transaction                :   On market sale of BSP shares vested on 16
                                         April 2018
Class of securities                  :   Ordinary shares
Number of shares sold                :   8 064
Average selling price                :   R315,84*
Total value of transaction           :   R2 456 967.63
Nature of interest                   :   Direct beneficial
Clearance obtained                   :   Yes

Director                             :   Ms S Macheli-Mkhabela
Company                              :   Rustenburg Platinum Mines Limited (a
                                         major subsidiary of Anglo American
                                         Platinum Limited)
Date of transaction                  :   16 to 23 April 2018
Nature of transaction                :   On market sale of BSP shares vested on 16
                                         April 2018
Class of securities                  :   Ordinary shares
Number of shares sold                :   1 447
Average selling price                :   R315,84*
Total value of transaction           :   R457 026.56
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 to 23 April 2018
Nature of transaction                :   On market sale of BSP shares vested on 16
                                         April 2018
Class of securities                  :   Ordinary shares
Number of shares sold                :   3 067
Average selling price                :   R315,84*
Total value of transaction           :   R968 694.16
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 to 23 April 2018
Nature of transaction                :   On market sale of BSP shares vested on 16
                                         16 April 2018
Class of securities                  :   Ordinary shares
Number of shares sold                :   2 612
Average selling price                :   R315,84*
Total value of transaction           :   R824 985.05
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 to 23 April 2018
Nature of transaction                :   On market sale of BSP shares vested on 16
                                         April 2018
Class of securities                  :   Ordinary shares
Number of shares sold                :   6 081
Average selling price                :   R315,84*
Total value of transaction           :   R1 920 648.58
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 to 23 April 2018
Nature of transaction                :   On market sale of BSP shares vested on 16
                                         April 2018
Class of securities                  :   Ordinary shares
Number of shares sold                :   4 089
Average selling price                :   R315,84*
Total value of transaction           :   R1 291 486.93
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 to 23 April 2018
Nature of transaction                :   On market sale of BSP shares vested on 16
                                         April 2018
Class of securities                  :   Ordinary shares
Number of shares sold                :   3 323
Average selling price                :   R315,84*
Total value of transaction           :   R1 049 550.28
Nature of interest                   :   Direct beneficial
Clearance obtained                   :   Yes
Director                             :   Mr G A Humphries
Company                              :   Rustenburg Platinum Mines Limited (a
                                         major subsidiary of Anglo American
                                         Platinum Limited)
Date of transaction                  :   16 to 23 April 2018
Nature of transaction                :   On market sale of BSP shares vested on 16
                                         April 2018
Class of securities                  :   Ordinary shares
Number of shares sold                :   3 436
Average selling price                :   R315,84*
Total value of transaction           :   R1 085 240.67
Nature of interest                   :   Direct beneficial
Clearance obtained                   :   Yes



SALE OF SHARES GRANTED IN TERMS OF LTIP CONDITIONAL AWARDS VESTED ON 16 APRIL
2018

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                 :   16 to 23 April 2018
Nature of transaction               :   On market sale of LTIP shares vested on
                                        16 April 2018
Class of securities                 :   Ordinary shares
Number of shares sold               :   14 113
Average selling price               :   R315.84*
Value of transaction                :   R4 457 509.19
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 to 23 April 2018
Nature of transaction               :   On market sale of LTIP shares vested on
                                        16 April 2018
Class of securities                 :   Ordinary shares
Number of shares sold               :   2 035
Selling price                       :   R315,84*
Value of transaction                :   R642 742.95
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 to 23 April 2018
Nature of transaction               :   On market sale of LTIP shares vested on
                                        16 April 2018
Class of securities                 :   Ordinary shares
Number of shares sold               :   2 377
Selling price                       :   R315,84*
Value of transaction                :   R750 761.66
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 to 23 April 2018
Nature of transaction               :   On market sale of LTIP shares vested on
                                        16 April 2018
Class of securities                 :   Ordinary shares
Number of shares sold               :   4 961
Selling price                       :   R315,84*
Value of transaction                :   R1 481 625.14
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 to 23 April 2018
Nature of transaction               :   On market sale of LTIP shares vested on
                                        16 April 2018
Class of securities                 :   Ordinary shares
Number of shares sold               :   2 157
Selling price                       :   R315,84*
Value of transaction                :   R681 275.94
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 to 23 April 2018
Nature of transaction               :   On market sale of LTIP shares vested on
                                        16 April 2018
Class of securities                 :   Ordinary shares
Number of shares sold               :   2 157
Selling price                       :   R315,84*
Value of transaction                :   R681 275.94
Nature of interest                  :   Direct beneficial
Clearance obtained                  :   Yes

Director                            :   Ms S Macheli-Mkhabela
Company                             :   Rustenburg Platinum Mines Limited (a
                                        major subsidiary of Anglo American
                                        Platinum Limited)
Date of transaction                 :   16 to 23 April 2018
Nature of transaction               :   On market sale of LTIP shares vested on
                                        16 April 2018
Class of securities                 :   Ordinary shares
Number of shares sold               :   2 035
Selling price                       :   R315,84*
Value of transaction                :   R642 742.95
Nature of interest                  :   Direct beneficial
Clearance obtained                  :   Yes


SALE OF SHARES GRANTED IN TERMS OF NON-CONDITIONAL LTIP AWARDS VESTED ON 16
APRIL 2018

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 G A Humphries
Company                             :    Rustenburg Platinum Mines Limited (a
                                         major subsidiary of Anglo American
                                         Platinum Limited)
Date of transaction                 :    16 to 23 April 2018
Nature of transaction               :    On market sale of LTIPNC shares vested on
                                         16 April 2018
Class of securities                 :    Ordinary shares
Number of shares sold               :    503
Average selling price               :    R315,84*
Total value of transaction          :    R158 869.63
Nature of interest                  :    Direct beneficial
Clearance obtained                  :    Yes



* Average selling price is based on transactions effected by the Company over a
period of 6 days. The shares are held by the Company as treasury shares and sold
by means of a bulk sale with effect from the vesting date. Proceeds are allocated
to the shares sold by Directors, as with all employees, based on the outcome of
the bulk sale, which concluded on 23 April 2018.

The highest and lowest prices, as well as VWAP prices for each day were as follows:

Date                Highest price   Lowest price    Volume Weighted
                                                    Average Price
16   April   2018   R313.95         R305.55         R307.37
17   April   2018   R314.92         R300.00         R305.69
18   April   2018   R317.11         R304.00         R310.09
19   April   2018   R327.90         R310.01         R321.33
20   April   2018   R324.63         R310.53         R318.21
23   April   2018   R337.24         R311.93         R326.52

________________________________________________________________________________

Johannesburg
24 April 2018

Sponsor
Merrill Lynch South Africa (Pty) Limited

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