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KUMBA IRON ORE LIMITED - Grant and acceptance of share options by directors and directors of a major subsidiary

Release Date: 19/06/2019 14:00
Code(s): KIO     PDF:  
 
Wrap Text
Grant and acceptance of share options by directors and 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”)

GRANT AND ACCEPTANCE OF SHARE OPTIONS BY DIRECTORS AND DIRECTORS OF A MAJOR SUBSIDIARY

In line with the amended Performance Share Plan (“PSP”) Rules approved by shareholders at the
Annual General Meeting held on 10 May 2019, the following information is disclosed:


Director:                             Themba Moyeni Mkhwanazi
Company:                              Kumba Iron Ore Limited
Grant date:                           31 May 2019
Acceptance date:                      14 June 2019
Nature of transaction:                Off market grant and acceptance of PSP options
                                                     
Class of securities:                  Ordinary shares
Number of options:                    24,776
Grant price*:                         R455.90
Value of transaction:                 R11,295,378.40
                                      R nil (Conditional value of R11,295,378.40
                                      based on 3-day VWAP of R455.90 ended 30 May 2019)
                                        
Vesting period:                       Share options vest after three years from 1 March 2019 
                                      on specific performance criteria
                                      being met in terms of the Kumba PSP.
                                      Subsequent to the vesting period, an
                                      additional two-year holding period will apply
                                      during which the vested shares will be held in escrow.
                                         
Nature of interest:                   Direct beneficial
Clearance obtained:                   Yes

Director:                             Bothwell Anesu Mazarura
Company:                              Kumba Iron Ore Limited
Grant date:                           31 May 2019
Acceptance date:                      14 June 2019
Nature of transaction:                Off market grant and acceptance of PSP options
                                        
Class of securities:                  Ordinary shares
Number of options:                    9,048
Grant price*:                         R455.90
Value of transaction:                 R4,124,983.20
                                      R nil (Conditional value of R4,124,983.20
                                      based on 3-day VWAP of R455.90 ended 30 May 2019)
                                                    
Vesting period:                       Share options vest after three years from 1 March 2019 
                                      on specific performance criteria
                                      being met in terms of the Kumba PSP.
                                      Subsequent to the vesting period, an
                                      additional two-year holding period will apply
                                      during which the vested shares will be held in escrow.
                                    
Nature of interest:                   Direct beneficial
Clearance obtained:                   Yes

Director:                             Philippus Johannes Pieter Fourie
Company:                              Sishen Iron Ore Company (Pty) Ltd
                                      (a major subsidiary of Kumba Iron Ore Limited)
                         
Grant date:                           31 May 2019
Acceptance date:                      14 June 2019
Nature of transaction:                Off market grant and acceptance of PSP options
                         
Class of securities:                  Ordinary shares
Number of options:                    4,552
Grant price*:                         R455.90
Value of transaction:                 R2,075,256.80
                                      R nil (Conditional value of R2,075,256.80
                                      based on 3-day VWAP of R455.90 ended 30 May 2019)
                                 
Vesting period:                       Share options vest after three years from 1 March 2019 
                                      on specific performance criteria
                                      being met in terms of the Kumba PSP.
Nature of interest:                   Direct beneficial
Clearance obtained:                   Yes

Director:                             Seboleleng Virginia Tyobeka
Company:                              Sishen Iron Ore Company (Pty) Ltd
                                      (a major subsidiary of Kumba Iron Ore Limited)
                        
Grant date:                           31 May 2019
Acceptance date:                      14 June 2019
Nature of transaction:                Off market grant and acceptance of PSP options
                          
Class of securities:                  Ordinary shares
Number of options:                    5,134
Grant price*:                         R455.90
Value of transaction:                 R2,340,590.60
                                      R nil (Conditional value of R2,340,590.60
                                      based on 3-day VWAP of R455.90 ended 30 May 2019)
                         
Vesting period:                       Share options vest after three years from 1 March 2019 
                                      on specific performance criteria
                                      being met in terms of the Kumba PSP.
Nature of interest:                   Direct beneficial
Clearance obtained:                   Yes
* Award price per share is based on a 3-day VWAP ended 30 May 2019. The highest and lowest for
each day were as follows:

Date                           Highest price       Lowest price
28 May 2019                    R471.70             R452.51
29 May 2019                    R462.38             R447.77
30 May 2019                    R456.89             R445.39

This announcement is made in compliance with the JSE Limited Listings Requirements.


19 June 2019

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

For further information, please contact:

Company Secretary
Celeste Appollis
celeste.appollis@angloamerican.com
Tel: +27 12 683 7063
Mobile: +27 82 941 7535

Investors                                            Media
Penny Himlok                                         Sinah Phochana
penny.himlok@angloamerican.com                       sinah.phochana@angloamerican.com
Tel: +27 12 622 8324                                 Tel: +27 12 683 7019
Mobile: +27 82 781 1888                              Mobile: +27 76 066 0655

Notes to editors:
Anglo American is a leading global mining company and our products are the essential ingredients in almost
every aspect of modern life. Our portfolio of world-class competitive mining operations and undeveloped
resources provides the metals and minerals that enable a cleaner, more electrified world and that meet the fast
growing consumer-driven demands of the world’s developed and maturing economies. With our people at the
heart of our business, we use innovative practices and the latest technologies to discover new resources and
mine, process, move and market our products to our customers around the world – safely, responsibly and
sustainably.

As a responsible miner – of diamonds (through De Beers), copper, platinum group metals, iron ore, coal and nickel
– we are the custodians of what are precious natural resources. We work together with our business partners and
diverse stakeholders to unlock the sustainable value that those resources represent for our shareholders, the
communities and countries in which we operate, and for society as a whole. Anglo American is re-imagining mining
to improve people’s lives.
www.angloamerican.com

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