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ROYAL BAFOKENG PLATINUM LIMITED - RBPlat Employee Share Incentive Scheme Awards

Release Date: 07/05/2019 15:00
Code(s): RBP RBPCB     PDF:  
Wrap Text
RBPlat Employee Share Incentive Scheme Awards

ROYAL BAFOKENG PLATINUM LIMITED
Incorporated in the Republic of South Africa)
Registration number: 2008/015696/06)
JSE share code: RBP, ISIN: ZAE000149936
Bond code: RBPCB, ISIN: ZAE000243853
(“RBPlat” or the “Company”)

RBPLAT EMPLOYEE SHARE INCENTIVE SCHEME AWARDS

Shareholders are advised that the RBPlat Board has approved an allocation
of scheme shares to eligible employees under the Company’s Bonus Share
Plan (“BSP” ) and the Forfeitable Share Plan(“ FSP”) for 2019, amounting
to 958 786 and 2 692 352 scheme shares respectively, at a deemed share
price of R34.02 per share, effective 1 April 2019.

The full allocation of BSP scheme shares will vest on 1 April 2022 in terms
of the BSP scheme rules and the FSP scheme shares will vest at a rate of
one third, on 1 April 2022, 2023 and 2024, subject to the performance
criteria being met in terms of the FSP scheme rules.

The following executive directors, directors of Royal Bafokeng Resources
Proprietary Limited (“RBR”), a major subsidiary of the Company and the
company secretary, will receive the following awards:

SD Phiri (chief executive officer)
 61 430 in respect of the BSP scheme
452 233 in respect of the FSP scheme
Total current market related value: R17 474 815

HA Rossouw (chief financial officer)
 10 336 in respect of the BSP scheme
327 385 in respect of the FSP scheme
Total current market related value: R11 489 268

NA Carr (director of RBR)
 40 657 in respect of the BSP scheme
263 351 in respect of the FSP scheme
Total current market related value: R10 342 352

KV Tlhabanelo (director of a major subsidiary)
 30 645 ordinary shares in respect of the BSP scheme
161 068 ordinary shares in respect of the FSP scheme
Total current market related value: R6 522 076

LC Jooste (company secretary)
27 856 in respect of the BSP scheme
Total current market related value: R947 661

The nature and extent of interests in the above transactions are direct
beneficial (once vested). All the aforementioned trades were done off
market and clearance to trade has been given in terms of the JSE Listings
Requirements.


Johannesburg
7 May 2019

JSE Sponsor
Merrill Lynch South Africa (Pty) Limited

For further enquiries, please contact:

Lester Jooste
Company Secretary
Tel: +27 (0)10 590 4519
Email: lester@bafokengplatinum.co.za

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