| Tue 14 Mar 2017, 12:26 | | KUMBA IRON ORE LIMITED - Grant and acceptance of share awards by directors of a major subsidiary |
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KIO 201703140025A
Grant and acceptance of share awards by directors of a major subsidiary
Kumba Iron Ore Limited
A member of the Anglo American plc group
(Incorporated in the Republic of South Africa)
(Registration number 2005/015852/06)
Share code: KIO
ISIN: ZAE000085346
(“Kumba” or “the Company”)
GRANT AND ACCEPTANCE OF SHARE AWARDS BY DIRECTORS OF A MAJOR
SUBSIDIARY
In terms of the Listings Requirements of the JSE Limited, the following information is disclosed:
Director: Billy Mawasha
Company: Sishen Iron Ore Company (Pty) Ltd
Grant date: 01 March 2017
Acceptance date: 11 March 2017
Nature of transaction: Off market grant and acceptance of bonus
shares in terms of Kumba Deferred Bonus
Arrangement
Class of securities: Ordinary shares
Number of bonus shares: 11,688
Award price per share*: R211.79
Value of transaction: R2,475,401.52
Vesting period: Bonus shares vest after three years of the grant
date
Nature of interest: Direct beneficial
Clearance obtained: Yes
Director: Billy Mawasha
Company: Sishen Iron Ore Company (Pty) Ltd
Grant date: 01 March 2017
Acceptance date: 11 March 2017
Nature of transaction: Off market grant and acceptance of bonus
shares in terms of the Kumba Forfeitable
Share Plan
Class of securities: Ordinary shares
Number of bonus shares: 10,314
Award price per share*: R211.79
Value of transaction: R2,184,402.06
Vesting period: Bonus shares vest after three years of the grant
date, subject to certain performance conditions
being met
Nature of interest: Direct beneficial
Clearance obtained: Yes
Director: Seboleleng Virginia Tyobeka
Company: Sishen Iron Ore Company (Pty) Ltd
Grant date: 01 March 2017
Acceptance date: 10 March 2017
Nature of transaction: Off market grant and acceptance of bonus
shares in terms of Kumba Deferred Bonus
Arrangement
Class of securities: Ordinary shares
Number of bonus shares: 6,200
Award price per share*: R211.79
Value of transaction: R1,313,098.00
Vesting period: Bonus shares vest after three years of the grant
date
Nature of interest: Direct beneficial
Clearance obtained: Yes
Director: Seboleleng Virginia Tyobeka
Company: Sishen Iron Ore Company (Pty) Ltd
Grant date: 01 March 2017
Acceptance date: 10 March 2017
Nature of transaction: Off market grant and acceptance of bonus
shares in terms of the Kumba Forfeitable
Share Plan
Class of securities: Ordinary shares
Number of bonus shares: 4,616
Award price per share*: R211.79
Value of transaction: R977,622,64
Vesting period: Bonus shares vest after three years of the grant
date subject to certain performance conditions
being met
Nature of interest: Direct beneficial
Clearance obtained: Yes
*Award price per share is based on a 3-day VWAP leading to 16 February 2017.
14 March 2017
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 14/03/2017 12:26:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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