Wrap Text
Acceptance of share awards by directors and the company secretary
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 SHARE AWARDS BY DIRECTORS AND THE COMPANY SECRETARY
In terms of the JSE Limited Listings Requirements, the following information is disclosed pursuant to the grant and acceptance of forfeitable shares in terms of
the Rules of the Company's Bonus and Retention Plan and conditional share awards in terms of the Company's Performance Share Plan ("PSP"):
Company: Kumba Iron Ore Limited
Date of transaction: 15 March 2024
Class of securities: Ordinary shares
Nature of interest: Direct beneficial
Clearance obtained: Yes
Director: Nompumelelo Dessederia Zikalala
Nature of transaction: Off market acceptance of forfeitable shares
Number of shares: 10,956
(33.33% of the shares vest after 2 years and the remaining 66.67% vest after 3
years provided that the director remains in the employ of the Anglo American
plc group of companies)
Award price per share:* R533.545626
Value of transaction: R5,845,525.88
Director: Bothwell Anesu Mazarura
Nature of transaction: Off market acceptance of forfeitable shares
Number of shares: 4,893
(33.33% of the shares vest after 2 years and the remaining 66.67% vest after 3
years provided that the director remains in the employ of the Anglo American
plc group of companies)
Award price per share:* R533.545626
Value of transaction: R2,610,638.75
Company Secretary: Fazila Patel
Nature of transaction: Off market acceptance of forfeitable shares
Number of shares: 1,775
(33.33% of the shares vest after 2 years and the remaining 66.67% vest after 3
years provided that the company secretary remains in the employ of the Anglo
American plc group of companies)
Award price per share:* R533.545626
Value of transaction: R947,043.49
Director: Nompumelelo Dessederia Zikalala
Nature of transaction: Off market acceptance of conditional share awards
Number of shares: 29,373
(Shares vest after 3 years upon certain performance criteria being met in terms
of the PSP. Subsequent to the vesting period an additional 2-year holding
period will apply during which the vested shares will be held in escrow)
Award price per share:* R533.545626
Value of transaction: R15,671,835.67
Director: Bothwell Anesu Mazarura
Nature of transaction: Off market acceptance of conditional share awards
Number of shares: 14,521
(Shares vest after 3 years upon certain performance criteria being met in terms
of the PSP. Subsequent to the vesting period an additional 2-year holding
period will apply during which the vested shares will be held in escrow)
Award price per share:* R533.545626
Value of transaction: R7,747,616.04
* Award price per share is based on a 3-day VWAP ended 22 February 2024 of a Kumba share. The highest and lowest prices traded for Kumba shares over
each day were as follows:
Date Highest price Lowest price
per share per share
20 February 2024 R549.24 R528.16
21 February 2024 R543.49 R514.08
22 February 2024 R543.28 R525.08
Johannesburg
15 March 2024
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
For further information, please contact:
Company secretary
Fazila Patel
Fazila.patel@angloamerican.com
Tel: +27 12 683 7060
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 around the globe
including in China, Japan, South Korea and a number of countries in Europe and the Middle East.
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, with a broad range of future development options, provides many of the future-enabling metals and minerals for a
cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers. With our people at the heart of our
business, we use innovative practices and the latest technologies to discover new resources and to mine, process, move and market our products to our
customers – safely and sustainably.
As a responsible producer of copper, nickel, platinum group metals, diamonds (through De Beers), and premium quality iron ore and steelmaking coal – with
crop nutrients in development – we are committed to being carbon neutral across our operations by 2040. More broadly, our Sustainable Mining Plan
commits us to a series of stretching goals to ensure we work towards a healthy environment, creating thriving communities and building trust as a corporate
leader. We work together with our business partners and diverse stakeholders to unlock enduring 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.
Date: 15-03-2024 05:15:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Sharenet Sites 
