| Wed 2 Mar 2011, 12:35 | | ANG - AngloGold Ashanti Limited - Granting of options to directors and company |
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ANG
ANANO
ANG - AngloGold Ashanti Limited - Granting of options to directors and company
secretary of Anglogold Ashanti Limited in terms of the Anglogold share incentive
scheme
AngloGold Ashanti Limited
Incorporated in the Republic of South Africa
Registration Number: 1944/017354/06)
ISIN Number:ZAE000043485
JSE Share Code: ANG
("AngloGold Ashanti/Company")
GRANTING OF OPTIONS TO DIRECTORS AND COMPANY SECRETARY OF ANGLOGOLD ASHANTI
LIMITED IN TERMS OF THE ANGLOGOLD SHARE INCENTIVE SCHEME
In terms of JSE Listings Requirement 3.63 we hereby provide the following
information regarding the granting of options by the Company in terms of the
AngloGold Share Incentive Scheme to directors and company secretary.
Date of notification : 2 March 2011
Date of grant : 21 February 2011
On 29 April 2005 (as amended on 2 May 2008), shareholders approved the
introduction of two new incentive plans, the key terms of which were disclosed.
The Bonus Share Plan (BSP) provides for the vesting of awards in two tranches -
40% in year one from date of grant and 60% in year two. If however during years
one and two, no options were exercised, then an additional 20% of awards granted
will be issued and be fully vested three years from date of grant, provided that
the participant is still in the employ of the company at the dates of vesting.
Awards granted in terms of the Long-Term Incentive Plan (LTIP) vests three years
after date of grant, to the extent that the performance conditions, under which
the awards were granted, are met. LTIP awards vest on 21 February 2014. Any
awards not exercised within 10 years from date of grant will lapse. The shares
were allocated off market.
Strike price : NIL cost to participant in accordance with
the rules of the above plans
Class of security : Awards to acquire ordinary shares
Type of interest : Direct beneficial
Clearance was obtained in terms of 3.66 of the JSE Listings Requirements.
Name Designation Bonus Long-Term Market
Share Plan Incentive Value at
Plan Date of
Award (1)
Cutifani : M Director and CEO 25,086 44,579 R 23,686,100
Venkatakrishnan : S Director and CFO 14,462 22,284 R 12,493,640
Eatwell : L Company Secretary 774 -- R 263,160
Total awards granted to directors and
company secretary 40,322 60,863 R 36,442,900
The awards granted in 2011 in terms
of the AngloGold Share Incentive
Scheme including the above: 793,755 623,090 R481,727,300
Number of participants 1,529 119
Market value per award at date of
grant R340 R340
(1) Market value at date of grant assumes that 100% of the LTIP criteria will
be achieved and the awards vest.
Total number of ordinary shares currently held by the CEO, CFO and Company
Secretary is 10,000, 10,351 and 130, respectively.
ENDS
JSE Sponsor : UBS Limited
Johannesburg
2 March 2011
Contacts
Tel: E-mail:
Alan Fine (Media) +27 11 637 6383 afine@AngloGoldAshanti.com
Mike Bedford (Investor) +27 11 637 6273 mbedford@anglogoldashanti.com
Stewart Bailey(Investor) +1 2128364303 sbailey@anglogoldashanti.com
or +27 82 330 9628
Certain statements made in this communication, including, without limitation,
those concerning the economic outlook for the gold mining industry, expectations
regarding gold prices, production, cash costs and other operating results,
growth prospects and outlook of AngloGold Ashanti`s operations, individually or
in the aggregate, including the completion and commencement of commercial
operations of certain of AngloGold Ashanti`s exploration and production
projects, the completion of announced mergers and acquisitions transactions,
AngloGold Ashanti`s liquidity and capital resources, and expenditure and the
outcome and consequences of any litigation proceedings or environmental issues,
contain certain forward-looking statements regarding AngloGold Ashanti`s
operations, economic performance and financial condition. Although AngloGold
Ashanti believes that the expectations reflected in such forward-looking
statements are reasonable, no assurance can be given that such expectations will
prove to have been correct. Accordingly, results could differ materially from
those set out in the forward-looking statements as a result of, among other
factors, changes in economic and market conditions, success of business and
operating initiatives, changes in the regulatory environment and other
government actions including environmental approvals and actions, fluctuations
in gold prices and exchange rates, and business and operational risk management.
For a discussion of certain of these factors, refer to AngloGold Ashanti`s
annual report for the year ended 31 December 2009, which was distributed to
shareholders on 30 March 2010. The company`s annual report on Form 20-F, was
filed with the Securities and Exchange Commission in the United States on April
19, 2010 and as amended on May 18, 2010. AngloGold Ashanti undertakes no
obligation to update publicly or release any revisions to these forward-looking
statements to reflect events or circumstances after today`s date or to reflect
the occurrence of unanticipated events. All subsequent written or oral forward-
looking statements attributable to AngloGold Ashanti or any person acting on its
behalf are qualified by the cautionary statements herein.
AngloGold Ashanti posts information that is important to investors on the main
page of its website at www.anglogoldashanti.com and under the "Investors" tab on
the main page. This information is updated regularly. Investors should visit
this website to obtain important information about AngloGold Ashanti.
Date: 02/03/2011 12:35:00 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.
