AFRICAN RAINBOW MINERALS LIMITED - Dealings in securities by directors

Release Date: 12/12/2018 17:00
Code(s): ARI
Wrap Text
Dealings in securities by directors

African Rainbow Minerals Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1933/004580/06)
JSE Share code: ARI
ISIN: ZAE000054045
(“ARM” or “the Company”)

Dealings in securities by directors

Award and acceptance of performance shares

In terms of paragraphs 3.63 to 3.66 of the Listings Requirements of the JSE
Limited (“the Listings Requirements”), we provide the following information
regarding the award and acceptance of conditional performance shares by the
undermentioned executive directors of the Company:

Performance shares
Acceptance date                  10 December 2018
Nature of transaction            Awards and acceptances of conditional
                                 performance shares in terms of The African
                                 Rainbow Minerals Limited 2018 Conditional
                                 Share Plan in off-market transactions
Vesting date for settlement      8 December 2021
Class of securities              Ordinary shares
Extent of interest               Direct, beneficial

Name          Designation               Number of           Value of
                                        Performance            award
                                        Shares *                   R
PT Motsepe     Executive Chairman           159 694    20 570 184.14
MP Schmidt     Chief Executive Officer      126 274    16 265 353.94
AM Mukhuba     Finance Director              48 849     6 292 239.69
HL Mkatshana   Executive Director            45 313     5 836 767.53
AJ Wilkens     Executive Director            81 351    10 478 822.31

* The vesting of performance shares is conditional on pre-determined
  performance conditions and continued employment by ARM and where applicable,
  the reasons for the cessation of such employment.
  The calculation of the value of these awards is based upon the volume
  weighted average ARM share price for the 20 trading days ended 6 December
  2018, which was R128.81

The Board of Directors of ARM, on the recommendation of the Remuneration
Committee, approved the award of the performance shares as set out above in
terms of paragraph 3.66 of the Listings Requirements.

12 December 2018

Sponsor to ARM:
Investec Bank Limited

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