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AFRICAN RAINBOW MINERALS LIMITED - Dealings in securities by directors of ARM net settlement of share options

Release Date: 21/06/2019 17:00
Code(s): ARI     PDF:  
 
Wrap Text
Dealings in securities by directors of ARM net settlement of share options

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 of ARM
Net settlement of share options

In terms of paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements,
the following information is provided regarding the exercise of share options
by net settlement, by the undermentioned Directors of ARM. The calculation
for net settlement is based upon the closing share prices of R176.80 per ARM
share on 19 June 2019 and R175.94 on 20 June 2019.

1 Name of director                   Michael Peter Schmidt
  Category of director               Chief Executive Officer
  Date of transaction                20 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 shares options granted    18 127
 Reduced number of share options
 exercised                           864
 Offer price                         R168.37 cents per share option; granted
                                     on 15 October 2012 and vested on 16
                                     October 2016
 Sale price of securities            R178.45
 Value of the transaction            R154 180.80
 Nature of interest                  Direct, beneficial
 Clearance to deal                   Yes


2 Name of director                   Andries Jacobus Wilkens
  Category of director               Executive Director
  Date of transaction                21 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 shares options granted    17 463
 Reduced number of share options
 exercised                           751
 Offer price                         R168.37 cents per share option; granted
                                     on 15 October 2012 and vested on 16
                                     October 2016
 Sale price of securities            R179.10
 Value of the transaction            R134 504.10
 Nature of interest                  Direct, beneficial
 Clearance to deal                   Yes

Sandton
21 June 2019

Sponsor to ARM:
Investec Bank Limited

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