AFRICAN RAINBOW MINERALS LIMITED - Dealings in securities by directors
ARI 201812120066A
Dealings in securities by directors
African Rainbow Minerals Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1933/004580/06)
JSE Share code: ARI
ISIN: ZAE000054045
("ARM" or "the Company")
Dealings in securities by directors
Award and acceptance of performance shares
In terms of paragraphs 3.63 to 3.66 of the Listings Requirements of the JSE
Limited ("the Listings Requirements"), we provide the following information
regarding the award and acceptance of conditional performance shares by the
undermentioned executive directors of the Company:
Performance shares
Acceptance date 10 December 2018
Nature of transaction Awards and acceptances of conditional
performance shares in terms of The African
Rainbow Minerals Limited 2018 Conditional
Share Plan in off-market transactions
Vesting date for settlement 8 December 2021
Class of securities Ordinary shares
Extent of interest Direct, beneficial
Name Designation Number of Value of
Performance award
Shares * R
PT Motsepe Executive Chairman 159 694 20 570 184.14
MP Schmidt Chief Executive Officer 126 274 16 265 353.94
AM Mukhuba Finance Director 48 849 6 292 239.69
HL Mkatshana Executive Director 45 313 5 836 767.53
AJ Wilkens Executive Director 81 351 10 478 822.31
* The vesting of performance shares is conditional on pre-determined
performance conditions and continued employment by ARM and where applicable,
the reasons for the cessation of such employment.
The calculation of the value of these awards is based upon the volume
weighted average ARM share price for the 20 trading days ended 6 December
2018, which was R128.81
The Board of Directors of ARM, on the recommendation of the Remuneration
Committee, approved the award of the performance shares as set out above in
terms of paragraph 3.66 of the Listings Requirements.
Sandton
12 December 2018
Sponsor to ARM:
Investec Bank Limited
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