AFRICAN RAINBOW MINERALS LIMITED - Dealings in securities by a director of ARM
ARI 201906140053A
Dealings in securities by a director of ARM
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 a Director of ARM
Net settlement of share options
In terms of paragraphs 3.63 to 3.66 of the Listings Requirements, the
following information is provided regarding the exercise of share options by
net settlement, by the undermentioned Director of ARM. The calculation for
the net settlement mechanism is based upon the closing share price of R176.60
per ARM share on 12 June 2019.
In terms of the African Rainbow Minerals Share Incentive Scheme the share
options described below expire on 30 June 2019, if not exercised by that date.
Name of director Jan Christiaan Steenkamp
Category of director Non-executive
Date of transaction 13 June 2019
Nature of transaction Exercise of share options by net settlement
and on-market sale of shares
Class of securities Ordinary shares
Number of share options granted 17 463
Reduced number of share options
exercised 814
Offer price 168.37 cents per share option; granted on 15
October 2012 and vested on 16 October 2016
Sale price of securities R179.00
Value of the share options sold
(before tax liability) R145 706.00
Nature of interest Direct, beneficial
Clearance to deal Yes
Sandton
14 June 2019
Sponsor to ARM:
Investec Bank Limited
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