African Rainbow Minerals Limited - Director dealin
African Rainbow Minerals Limited - Director dealings in shares
African Rainbow Minerals Limited
(Formerly Anglovaal Mining Limited (`Avmin`))
(Incorporated in the Republic of South Africa)
(Registration number 1933/004580/06)
JSE Share code: ARI LSE Share code: AGM
ISIN: ZAE000054045
(`ARM` or the `Company`)
In terms of paragraphs 3.63 to 3.66 of the Listings Requirements of the JSE
Securities Exchange, South Africa (`Listings Requirements`) we provide the
following information regarding the granting of options by ARM to the
undermentioned director of the Company:
Name : WM Gule
Designation : Executive director
Number of Options : 117 000
Date of notification : 30 March 2005
Effective date of
transaction : 22 March 2005
Nature of transaction : Grant of share options in terms of
the Anglovaal Mining Share Incentive
Scheme
Strike price : R30,40 per option
Vesting dates for
exercising of options : 33,3% of options on 22 March 2006
: 33,3% of options on 22 March 2007
: 33,3% of options on 22 March 2008
: Any options not exercised by
22 March 2013 will lapse
Class of securities : Ordinary shares
Extent of interest : Direct beneficial
The remuneration committee granted the necessary authority to offer these
options in terms of 3.66 of the Listings Requirements.
Johannesburg
1 April 2005
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