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EXX
EXX
EXX - Exxaro Resources Limited - Acceptance of conditional awards granted in
terms of the long term incentive plan (LTIP) to directors of Exxaro and its
major subsidiaries
EXXARO RESOURCES LIMITED
Incorporated in the Republic of South Africa
(Registration Number: 2000/011076/06)
JSE share code: EXX
ISIN code: ZAE000084992
ADR code: EXXAY
(Exxaro)
ACCEPTANCE OF CONDITIONAL AWARDS GRANTED IN TERMS OF THE LONG TERM INCENTIVE
PLAN (LTIP) TO DIRECTORS OF EXXARO AND ITS MAJOR SUBSIDIARIES
In compliance with clauses 3.63 and 3.65 of the JSE Listings Requirements,
notice is hereby given that directors of Exxaro and its major subsidiaries, as
listed below, received and accepted awards granted in terms of LTIP scheme,
after having received clearance to do so in terms of the JSE Listings
Requirements 3.66.
LTIP Performance period: The vesting of the LTIP awards is conditional
upon the achievement of group performance
targets over a period of 3 years (01 January
2012 to 31 December 2014)
Class of shares: Ordinary
Nature of transaction: Acceptance of LTIP awards
Offer price: R0
Nature of interest: Direct Beneficial
Date of transaction: 2 May 2012
Name: SA Nkosi (Exxaro Resources Ltd)
LTIP award: 68,565
Deemed value based on the
prevailing market price of
LTIP shares on 30 March 2012: R13,544,330.10
Name: WA de Klerk (Exxaro Resources Ltd)
LTIP award: 34,689
Deemed value based on the
prevailing market price of
LTIP shares on 30 March 2012: R6,852,465.06
Name: MDM Mgojo (Exxaro Coal (Pty) Ltd)
LTIP award: 27,812
Deemed value based on the
prevailing market price of
LTIP shares on 30 March 2012: R5,493,982.48
Name: PE Venter (Exxaro Coal (Pty) Ltd)
LTIP award: 28,318
Deemed value based on the
prevailing market price of
LTIP shares on 30 March 2012: R5,593,937.72
Name: MR Walker (Exxaro Coal (Pty) Ltd)
LTIP award: 6,503
Deemed value based on the
prevailing market price of
LTIP shares on 30 March 2012: R1,284,602.62
Name: WH van Niekerk (Exxaro Coal (Pty) Ltd)
LTIP award: 28,283
Deemed value based on the
prevailing market price of
LTIP shares on 30 March 2012: R5,587,023.82
Name: CH Wessels (Group Company Secretary)
LTIP award: 5,345
Deemed value based on the
prevailing market price of
LTIP shares on 30 March 2012: R1,055,851.30
CH WESSELS
GROUP COMPANY SECRETARY
3 May 2012
Sponsor
Deutsche Securities (SA) Proprietary Limited
Date: 03/05/2012 16:44:02 Produced by the JSE SENS Department.
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