AFRICAN RAINBOW MINERALS LIMITED – Dealings in securities by Directors and the Company Secretary of ARM

2018/12/07 17:00:00
SENS announcement for JSE listed company: ARI
                        

ARI 201812070066A
Dealings in securities by Directors and the Company Secretary 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 Directors and the Company Secretary of ARM

Waived Bonus Method
Equity settlement of Bonus Shares and Performance Shares

A. In terms of paragraphs 3.63 to 3.66 of the Listings Requirements,
the following information is provided regarding the equity settlement
of Bonus Shares and Performance Shares by ARM to the undermentioned
Directors of ARM. These awards were made in terms of The African
Rainbow Minerals Limited 2008 Share Plan and in terms of ARM’s Waived
Bonus Method approved by ARM’s Board of Directors on the recommendation
of the Remuneration Committee. The calculation for the equity
settlement of these shares is based upon the closing ARM share price of
R134.00 on Friday, 23 November 2018.

1. Bonus Shares
Date of transaction 6 December 2018
Nature of transaction Equity settlement of Bonus Shares in
terms of The African Rainbow Minerals
Limited 2008 Share Plan in off-market
transactions
Date of grant 25 November 2015
Vesting date 26 November 2018
Class of securities Ordinary shares
Extent of interest Direct, beneficial

Name Designation Number of Gross Value
Bonus (before tax
Shares settled liability)
R
PT Motsepe Executive Chairman 71 570 9 590 380
MP Schmidt Executive Director 57 953 7 765 702
M Arnold Non-executive Director 38 617 5 174 678
HL Mkatshana Executive Director 31 814 4 263 076
JC Steenkamp Non-executive Director 60 958 8 168 372
AJ Wilkens Executive Director 50 247 6 733 098

2. Performance Shares
Date of transaction 6 December 2018
Nature of transaction Equity settlement of Performance
Shares in terms of The African Rainbow
Minerals Limited 2008 Share Plan in
off-market transactions
Date of award 25 November 2015
Vesting date 26 November 2018
Class of securities Ordinary shares
Extent of interest Direct, beneficial

Name Designation Number of Gross Value
Performance (before tax
Shares settled liability)
R
PT Motsepe Executive Chairman 71 570 9 590 380
MP Schmidt Executive Director 57 953 7 765 702
M Arnold Non-executive Director 38 617 5 174 678
HL Mkatshana Executive Director 31 814 4 263 076
JC Steenkamp Non-executive Director 60 958 8 168 372
AJ Wilkens Executive Director 50 247 6 733 098

The Board of Directors of ARM, on the recommendation of the
Remuneration Committee, granted the necessary authority to settle these
Bonus Shares and Performance Shares in terms of paragraph 3.66 of the
Listings Requirements.

Transfer of shares

B. In terms of paragraphs 3.63 to 3.66 of the Listings Requirements,
the following information is provided regarding the election by the
Executive Chairman, Mr Patrice Motsepe, to transfer his shares acquired
by subscription as described in ‘A’ above to African Rainbow Minerals &
Exploration Investments Proprietary Limited (‘ARMI’). The shares of
ARMI are indirectly held and beneficially owned by trusts, which
trusts, with the exception of the Motsepe Foundation, hold those shares
for the benefit of Mr Patrice Motsepe and his immediate family. The
Motsepe Foundation applies the benefits emanating from its indirect
shareholding in ARMI for philanthropic purposes. The requisite
clearances and approvals for this transaction have been obtained in
compliance with the Securities Dealing Policies and Procedures of ARM.

Date of transaction 6 December 2018
Nature of transaction Transfer of shares to the Motsepe
Family Structure, off-market
Closing price of R134.00 on
Deemed price of securities Friday, 23 November 2018
transferred
Class of securities Ordinary shares
Nature of interest Indirect, beneficial
Clearance to deal Yes

Name Designation Number of Total value
Ordinary shares (before tax
transferred liability) of
shares
transferred
R
PT Motsepe Executive Chairman 143 140 19 180 760
Equity settlement of performance shares

C. 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 equity settlement of performance shares by
ARM to the company secretary of ARM. The calculation for the equity
settlement of these shares is based upon the closing ARM share price of
R134.00 on Friday, 23 November 2018.

Performance shares
Date of transaction 6 December 2018
Nature of transaction Equity settlement of performance shares
in terms of The African Rainbow
Minerals Limited 2008 Share Plan in
off-market transactions
Date of grant 25 November 2015
Vesting date 26 November 2018
Class of securities Ordinary shares
Extent of interest Direct, beneficial

Name Designation Number of Total value
Performance (before tax
Shares liability)
settled of shares
transferred
R
A N D’Oyley Company Secretary 11 829 1 585 086

The Board of Directors of ARM, on the recommendation of the
Remuneration Committee, granted the necessary authority to settle these
performance shares in terms of paragraph 3.66 of the Listings
Requirements.

Sandton
7 December 2018

Sponsor to ARM:
Investec Bank Limited

Date: 07/12/2018 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (‘JSE’).
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