To view the PDF file, sign up for a MySharenet subscription.

AFRICAN RAINBOW MINERALS LIMITED - Dealings in securities

Release Date: 18/03/2022 15:02
Code(s): ARI     PDF:  
Wrap Text
Dealings in securities

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

Award and acceptance of conditional shares

In compliance with paragraphs 3.63 to 3.66 of the Listings
Requirements of the JSE Limited (“the Listings Requirements”),
we hereby provide the following information regarding the award
to and acceptance of conditional shares by the undermentioned
Executive Directors and Prescribed Officers of the Company, and
the undermentioned Director of Two Rivers Platinum Proprietary
Limited, a major subsidiary of the Company:

Conditional Shares
Acceptance date               14 March 2022
Nature of transaction         Off-market awards and acceptance of
                              conditional shares in terms of The
                              African Rainbow Minerals Limited
                              2018 Conditional Share Plan
Vesting date for settlement   4 December 2024
Class of securities           Ordinary shares
Extent of interest            Direct, beneficial


Name           Designation                Number of     Value of
                                        conditional        award
                                            shares*            R
PT Motsepe, Dr Executive Chairman            68 685   17 991 349
MP Schmidt     Chief Executive Officer       59 889   15 687 325
TTA Mhlanga    Finance Director              27 292    7 148 866
A Joubert      Prescribed Officer            29 255    7 663 055
NV Khumalo     Director of Two Rivers        15 326    4 014 492
               Platinum  Proprietary
               Limited, a  major
               subsidiary of ARM
J Magagula     Executive Director            21 099   5 526 672
HL Mkatshana   Executive Director            25 593   6 703 830
VP Tobias      Prescribed Officer            35 542   9 309 871

* The vesting of the conditional 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 8 March 2022, which was R261.94.

The requisite clearances and approvals for this transaction
have been obtained in compliance with the Securities Dealing
Policies and Procedures of ARM and paragraph 3.66 of the
Listings Requirements.


Sandton
18 March 2022

Sponsor to ARM:
Investec Bank Limited

Date: 18-03-2022 03:02:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story