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KUMBA IRON ORE LIMITED - Acceptance of conditional share awards by directors and by directors of a major subsidiary

Release Date: 16/03/2021 17:33
Code(s): KIO     PDF:  
Wrap Text
Acceptance of conditional share awards by directors and by directors of a major subsidiary

Kumba Iron Ore Limited
A member of the Anglo American plc group
(Incorporated in the Republic of South Africa)
(Registration number 2005/015852/06)
Share code: KIO
ISIN: ZAE000085346
(“Kumba” or “the Company”)

ACCEPTANCE OF CONDITIONAL SHARE AWARDS BY DIRECTORS AND BY DIRECTORS
OF A MAJOR SUBSIDIARY

In terms of the JSE Limited Listings Requirements, the following information is disclosed
pursuant to the grant and acceptance of conditional awards in terms of the Company’s
Performance Share Plan (“PSP”):

Director:                                                        Themba Moyeni Mkhwanazi
Company:                                                         Kumba Iron Ore Limited
Grant date:                                                      1 March 2021
Acceptance date:                                                 12 March 2021
Nature of transaction:                                           Off market grant and acceptance of
                                                                 conditional share awards
Class of securities:                                             Ordinary shares
Number of conditional shares:                                    20 510
                                                                 The conditional shares will vest after three
                                                                 years based on certain performance criteria
                                                                 being met in terms of the PSP
                                                                 Subsequent to the vesting period, an
                                                                 additional two-year holding period will apply
                                                                 during which the vested shares will be held
                                                                 in escrow
Grant price*:                                                    R655.45
Value of transaction:                                            R13 443 279.50
Nature of interest:                                              Direct beneficial
Clearance obtained:                                              Yes

Director:                                                        Bothwell Anesu Mazarura
Company:                                                         Kumba Iron Ore Limited
Grant date:                                                      1 March 2021
Acceptance date:                                                 12 March 2021
Nature of transaction:                                           Off market grant and acceptance of
                                                                 conditional shares awarded
Class of securities:                                             Ordinary shares
Number of conditional shares:                                    8 015
                                                                 The conditional shares will vest after three
                                                                 years based on certain performance criteria
                                                                 being met in terms of the PSP
                                                                 Subsequent to the vesting period, an
                                                                 additional two-year holding period will apply
                                                                 during which the vested shares will be held
                                                                 in escrow
Grant price*:                                                    R655.45
Value of transaction:                                            R5 253 431.75
Nature of interest:                                              Direct beneficial
Clearance obtained:                                              Yes

Director:                                                        Seboleleng Virginia Tyobeka
Company:                                                         Sishen Iron Ore Company Proprietary
                                                                 Limited, a major subsidiary of Kumba
Grant date:                                                      1 March 2021
Acceptance date:                                                 12 March 2021
Nature of transaction:                                           Off market grant and acceptance of
                                                                 conditional shares awarded
Class of securities:                                             Ordinary shares
Number of conditional shares:                                    3 898
                                                                 Shares vest after three years on certain
                                                                 performance criteria being met in terms of the
                                                                 PSP
Grant price*:                                                    R655.45
Value of transaction:                                            R2 554 944.10
Nature of interest:                                              Direct beneficial
Clearance obtained:                                              Yes

Director:                                                        Philippus Johannes Pieter Fourie
Company:                                                         Sishen Iron Ore Company Proprietary
                                                                 Limited, a major subsidiary of Kumba
Grant date:                                                      1 March 2021
Acceptance date:                                                 12 March 2021
Nature of transaction:                                           Off market grant and acceptance of
                                                                 conditional shares awarded
Class of securities:                                             Ordinary shares
Number of conditional shares:                                    3 457
                                                                 Shares vest after three years on certain
                                                                 performance criteria being met in terms of
                                                                 the PSP
Grant price*:                                                    R655.45
Value of transaction:                                            R2 265 890.65
Nature of interest:                                              Direct beneficial
Clearance obtained:                                              Yes



* Grant price per share is based on a 3-day VWAP ended 25 February 2021. The highest and
lowest prices traded over each day were as follows:

Date                            Highest price     Lowest price
23 February                     R669.13           R634.15
24 February                     R678.50           R650.90
25 February                     R673.48           R634.15

16 March 2021
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

For further information, please contact:

Company Secretary
Ms Fazila Patel
fazila.patel@angloamerican.com
Tel: +27 683 7063
Mobile: +27 83 297 2293
Investors                                                Media
Penny Himlok                                             Sinah Phochana
penny.himlok@angloamerican.com                           sinah.phochana@angloamerican.com
Tel: +27 12 622 8324                                     Tel: +27 12 683 7019
Mobile: +27 82 781 1888                                  Mobile: +27 76 066 0655


Notes to editors:

Kumba Iron Ore Limited, a member of the Anglo American plc group, is a leading value-adding
supplier of high quality iron ore to the global steel industry. Kumba produces iron ore in South
Africa at Sishen and Kolomela mines in the Northern Cape Province. Kumba exports iron ore to
customers in a range of geographical locations around the globe including China, Japan, Korea
and a number of countries in Europe and the Middle East.
www.angloamericankumba.com

Anglo American is a leading global mining company and our products are the essential
ingredients in almost every aspect of modern life. Our portfolio of world-class competitive
operations, development projects and undeveloped resources, provides many of the metals and
minerals that enable a cleaner, greener, more sustainable world and that meet the fast growing
consumer-driven demands of developed and maturing economies. With our people at the heart
of our business, we use innovative practices and the latest technologies to mine, process, move
and market our products to our customers – and to discover new resources – safely and
sustainably.

As a responsible producer of diamonds (through De Beers), copper, platinum group metals, the
steelmaking ingredients of iron ore and metallurgical coal, and nickel – with crop nutrients in
development and thermal coal operations planned for divestment – we are committed to being
carbon neutral across our operations by 2040. We work together with our business partners and
diverse stakeholders to unlock sustainable value from precious natural resources for the benefit
of the communities and countries in which we operate, for society as a whole, and for our
shareholders. Anglo American is re-imagining mining to improve people’s lives.
www.angloamerican.com

Date: 16-03-2021 05:33:00
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