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AFRICAN RAINBOW MINERALS LIMITED - Dealings in securities by a Director of ARM

Release Date: 08/04/2019 17:07
Code(s): ARI     PDF:  
 
Wrap Text
Dealings in securities by a Director of ARM

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 a Director of ARM

Sale of shares

In terms of paragraph 3.63 to 3.66 of the Listings Requirements of the JSE
Limited (the Listings Requirements), the following information is provided
regarding dealings by a Director in ARM securities:

 Name of director                  Hamilton Luthando Mkatshana
 Category of director              Executive

 Date of transaction               4 April 2019
 Nature of transaction             On-market sale of shares
 Class of securities               Ordinary shares
 Number of securities              36 600
 Sale price of securities          Weighted average price of R174.91 per share
                                   (with a low of R174.35 per share and a high
                                   of R175.25 per share)
 Total value of transaction        R6 401 922.45
 Nature of interest                Direct, beneficial
 Clearance to deal                 Yes



Net settlement of share options

In terms of paragraphs 3.63 to 3.66 of the Listings Requirements, the
following information is provided regarding the exercise of share options by
net settlement, by the undermentioned Director of ARM. The calculation for
the net settlement mechanism is based upon the closing share price of R176.00
per ARM share on 3 April 2019.

In terms of the African Rainbow Minerals Share Incentive Scheme the share
options described below expire on 10 December 2019, if not exercised by that
date.


 Name of director                  Michael Arnold
 Category of director              Non-executive

 Date of transaction               4 April 2019
 Nature of transaction             Exercise of share options by net settlement
                                   and on-market sale of shares
 Class of securities               Ordinary shares
 Number of share options granted   12 769
 Reduced number of share options
   exercised                       554
 Offer price                       R168.37 per share option; granted on 15
                                   October 2012 and vested on 16 October 2016
 Sale price of securities          R174.81
 Value of share options sold
   (before tax liability)          R96 844.74
 Nature of interest                Direct, beneficial
 Clearance to deal                 Yes


Sandton
8 April 2019

Sponsor to ARM:
Investec Bank Limited

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