| Fri 20 May 2011, 13:00 | | ANG - AngloGold Ashanti Limited - Anglogold Ashanti announces granting of |
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ANG
ANANO
ANG - AngloGold Ashanti Limited - Anglogold Ashanti announces granting of
additional options in terms of the Anglogold Ashanti 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 ADDITIONAL OPTIONS IN TERMS OF THE ANGLOGOLD ASHANTI SHARE INCENTIVE
SCHEME
At the annual general meeting of shareholders held on 11 May 2011,
shareholders, by the requisite majority, approved the resolution amending the
LTIP allocation percentages granted to the Chief Executive Officer, the Chief
Financial Officer and Executive Vice Presidents, so as to align 2011 total pay
with the median of the global comparator group.
In terms of the JSE Listings Requirement 3.63, the additional options granted
by the Company in terms of the AngloGold Ashanti Share Incentive Scheme to the
directors in 2011 are as follows:
Date of notification 20 May 2011.
Date of grant 19 May 2011.
Awards granted in terms of the Long-Term
Incentive Plan (LTIP) vest 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
19 May 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 Additional Market value
Long-Term of additional
Incentive Plan LTIPs at date
(1) of grant (2)
Cutifani: M Director and CEO 16,361 R 5,052,276.80
Venkatakrishnan: S Director and CFO 9,814 R 3,030,563.20
26,175 R 8,082,840.00
Total additional awards granted in 2011
In terms of the AngloGold Share Incentive
Scheme including the above: 44,133 R13,628,270.40
Number of Participants 7
Market value per award at date of grant R308.80
(1) Additional awards granted pursuant to the approval by shareholders at the
annual general meeting held on 11 May 2011.
(2) 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 personally by the CEO and CFO is
10,000 and 10,351 respectively.
JOHANNESBURG
ENDS
20 May 2011
JSE Sponsor - UBS
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
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: 20/05/2011 13:00:01 Produced by the JSE SENS Department.
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