| Wed 28 Mar 2012, 12:51 | | ARI - ARM - Director`s dealings in ARM securities |
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ARI
ARIM
ARI - ARM - Director`s dealings in ARM securities
African Rainbow Minerals Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1933/004580/06)
JSE Share code: ARI
ISIN: ZAE000054045
("ARM")
Director`s dealings in ARM securities
A. In compliance with paragraph 3.63 - 3.66 of the Listings Requirements of the
JSE Limited, we hereby advise the following dealings by a director in ARM
securities:
In terms of The African Rainbow Minerals Share Incentive Scheme the share
options described below will expire on 15 December 2012, if not exercised.
Name of director Patrice Tlhopane Motsepe
Category of director Executive
Date of transaction 26 March 2012
Nature of transaction Exercise of share options and off market
purchase of shares
Class of securities Ordinary shares
Offer price 2 700 cents per option
Options granted on 15 December 2004:
Vested: 183 333 on 17 December 2005,
183 333 on 17 December 2006, and
183 334 on 17 December 2007
Number of securities 550 000
Market price of securities Closing price of R180.04 per share on
Friday, 23 March 2012
Total market value of shares R99 022 000.00
Nature of interest Direct, beneficial
Clearance to deal Yes
B. In terms of paragraph 3.63 - 3.66 of the Listings Requirements, the following
information is provided regarding the election by the Executive Chairman, Mr
Patrice Motsepe, to sell his shares described in "A" above, which sale is not a
sale or disposal to a third party but to Botho-Botho Commercial Enterprises
(Pty) Limited ("B-BCE"). The entire issued share capital of B-BCE is held and
beneficially owned by trusts established for the benefit of Mr Patrice Motsepe
and his immediate family. The requisite clearances and approval for this
transaction have been obtained in compliance with the Securities Dealing
Policies and Procedures of ARM.
Date of transaction 26 March 2012
Nature of transaction Off market sale of shares
Class of securities Ordinary shares
Number of securities 550 000
Selling price of securities Closing price of R180.04 per share on
Friday, 23 March 2012
Total value of transaction R99 022 000.00
Nature of interest Direct, beneficial
Clearance to deal Yes
Sandton
28 March 2012
Sponsor to ARM:
Deutsche Securities (SA) (Proprietary) Limited
Date: 28/03/2012 12:51:01 Produced by the JSE SENS Department.
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