| Fri 2 Mar 2012, 16:49 | | ANG - AngloGold Ashanti Limited - Granting of options to directors and |
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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 ASHANTI SHARE INCENTIVE SCHEME
In terms of the JSE Listings Requirement 3.63, we hereby provide the
following information regarding the granting of options by the Company in
terms of the AngloGold Ashanti Share Incentive Scheme to directors and
company secretary.
Date of notification: 1 March 2012.
Effective date of grant: 21 February 2012.
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(1). LTIP awards vest on 21 February 2015. 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 Executive Director
and CEO 25,396 82,789 R 35,548,509
Venkatakrishnan : S Executive Director
and CFO 13,451 35,767 R 16,172,542
Eatwell : L Company Secretary 779 -- R 255,971
Total off market awards granted to
directors and company secretary 39,626 118,556 R 51,977,022
Total off market awards granted in 2012
in terms of the AngloGold Share
Incentive Scheme including the above: 941,745 970,560 R628,364,300
Number of participants 1,671 158
Market value per award at date of
grant R328.59 R328.59
(1) The market value at the date of grant assumes that 100% of the LTIP
criteria will be achieved and the awards vest in full. However, since
the introduction of the LTIP, the percentage vesting is shown below:
Year Granted Year Vested % Vesting
2005 2008 40%
2006 2009 40% (executives) and
45% (senior management)
2007 2010 55%
2008 2011 82%
2009 2012 70%
Total number of ordinary shares currently held personally by the CEO, CFO and
Company Secretary is 10,000; 10,351 and 130 respectively.
ENDS
JSE Sponsor : UBS Limited
Johannesburg
2 March 2012
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 and the completion of announced mergers
and acquisitions transactions, AngloGold Ashanti`s liquidity, capital
resources and capital expenditure and the outcome and consequences of any
litigation or regulatory 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 and other factors, refer to AngloGold
Ashanti`s annual report for the year ended 31 December 2010, which was
distributed to shareholders on 29 March 2011 and the company`s 2010 annual
report on Form 20-F, which was filed with the Securities and Exchange
Commission in the United States on May 31, 2011. These factors are not
necessarily all of the important factors that could cause AngloGold Ashanti`s
actual results to differ materially from those expressed in any forward-
looking statements. Other unknown or unpredictable factors could also have
material adverse effects on future results. 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.
This communication may contain certain "Non-GAAP" financial measures.
AngloGold Ashanti utilises certain Non-GAAP performance measures and ratios
in managing its business. Non-GAAP financial measures should be viewed in
addition to, and not as an alternative for, the reported operating results or
cash flow from operations or any other measures of performance prepared in
accordance with IFRS. In addition, the presentation of these measures may
not be comparable to similarly titled measures other companies may use.
AngloGold Ashanti posts information that is important to investors on the
main page of its website at www.anglogoldashanti.com and under the
"Investors"
Date: 02/03/2012 16:49:32 Produced by the JSE SENS Department.
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