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

Release Date: 14/06/2019 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

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 R176.60
per ARM share on 12 June 2019.

In terms of the African Rainbow Minerals Share Incentive Scheme the share
options described below expire on 30 June 2019, if not exercised by that date.

Name of director                  Jan Christiaan Steenkamp
Category of director              Non-executive
Date of transaction               13 June 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   17 463
Reduced number of share options
  exercised                       814
Offer price                       168.37 cents per share option; granted on 15
                                  October 2012 and vested on 16 October 2016
Sale price of securities          R179.00
Value of the share options sold
  (before tax liability)          R145 706.00
Nature of interest                Direct, beneficial
Clearance to deal                 Yes

14 June 2019

Sponsor to ARM:
Investec Bank Limited

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