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ANGLO AMERICAN PLATINUM LIMITED - Directors Vesting of BSP and LTIP

Release Date: 21/04/2020 15:46
Code(s): AMS     PDF:  
Wrap Text
Directors Vesting of BSP and LTIP

ANGLO AMERICAN PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1946/022452/06)
Share Code: AMS
ISIN: ZAE000013181
(“Anglo American Platinum” or “the Company”)

SALE OF SHARES BY DIRECTORS OF A MAJOR SUBSIDIARY COMPANY TO SETTLE TAX
OBLIGATIONS WITH RESPECT TO THE VESTING OF SHARE AWARDS

As required in terms of the JSE Limited Listings Requirements, Anglo American Platinum hereby advises
shareholders of the sale of shares in terms of the Company’s Bonus Share Plan (“BSP”) and Long Term
Incentive Plan (“LTIP”) (together, the “schemes”).

This announcement relates to the sale of shares to settle each directors’ tax obligation, with no cash proceeds
received, with respect to the vesting of BSP and LTIP awards granted on 13 April 2017. These awards are
subject to a three-year holding period and have vested on 14 April 2020. In addition to the three-year holding
period, the LTIP awards are also subject to stringent performance conditions and vest only if the pre-
determined performance conditions are met. The details of the two schemes are set out in the Remuneration
Report contained within the Company’s 2019 Integrated Report.

The following transactions are on market sale of BSP shares to settle tax obligations associated with the
vesting of the share awards after the three-year holding period:

 Director                            :    Dean William Pelser
 Company                             :    Rustenburg Platinum Mines Limited (a major subsidiary of Anglo
                                          American Platinum)
 Date of transaction                 :    16 April 2020
 Nature of transaction               :    On market sale of BSP shares vested on 14 April 2020
 Class of securities                 :    Ordinary shares
 Number of shares sold               :    3,760
 Minimum selling price                    R900.00
 Maximum selling price                    R970.68
 Average selling price               :    R910.24
 Total value of transaction          :    R3,422,502.40
 Nature of interest                  :    Direct beneficial
 Clearance obtained                  :    Yes

 Director                            :    Lorato Nelly Mogaki
 Company                             :    Rustenburg Platinum Mines Limited (a major subsidiary of Anglo
                                          American Platinum)
 Date of transaction                 :    16 April 2020
 Nature of transaction               :    On market sale of BSP shares vested on 14 April 2020
 Class of securities                 :    Ordinary shares
 Number of shares sold               :    3,018
 Minimum selling price                    R900.00
 Maximum selling price                    R970.68
 Average selling price               :    R910.24
 Total value of transaction          :    R2,747,104.32
 Nature of interest                  :    Direct beneficial
 Clearance obtained                  :    Yes

 Director                            :    Gary Alan Humphries
 Company                             :    Rustenburg Platinum Mines Limited (a major subsidiary of Anglo
                                          American Platinum)
 Date of transaction                 :    16 April 2020
 Nature of transaction               :    On market sale of BSP shares vested on 14 April 2020
 Class of securities                 :    Ordinary shares
 Number of shares sold               :    3,415
 Minimum selling price                    R900.00
 Maximum selling price                    R970.68
 Average selling price               :    R910.24
 Total value of transaction          :    R3,108,469.60
 Nature of interest                 :    Direct beneficial
 Clearance obtained                 :    Yes

The following transactions are on market sale of LTIP shares to settle tax obligations associated with the
vesting of the share awards after the three-year holding period and the level performance conditions have
been met:

 Director                                        :    Gordon Leslie Smith
 Company                                         :    Rustenburg Platinum Mines Limited (a major subsidiary
                                                      of Anglo American Platinum)
 Date of transaction                             :    17 April 2020
 Nature of transaction                           :    On market sale of LTIP shares vested on 14 April 2020
 Class of securities                             :    Ordinary shares
 Number of shares sold                           :    5,129
 Minimum selling price                                R900.00
 Maximum selling price                                R970.68
 Average selling price                           :    R910.24
 Total value of transaction                      :    R4,668,620.96
 Nature of interest                              :    Direct beneficial
 Clearance obtained                              :    Yes

 Director                                        :    Dean William Pelser
 Company                                         :    Rustenburg Platinum Mines Limited (a major subsidiary
                                                      of Anglo American Platinum)
 Date of transaction                             :    16 April 2020
 Nature of transaction                           :    On market sale of LTIP shares vested on 14 April 2020
 Class of securities                             :    Ordinary shares
 Number of shares sold                           :    5,539
 Minimum selling price                                R900.00
 Maximum selling price                                R970.68
 Average selling price                           :    R910.24
 Value of transaction                            :    R5,041,819.36
 Nature of interest                              :    Direct beneficial
 Clearance obtained                              :    Yes

 Director                                        :    Lorato Nelly Mogaki
 Company                                         :    Rustenburg Platinum Mines Limited (a major subsidiary
                                                      of Anglo American Platinum)
 Date of transaction                             :    16 April 2020
 Nature of transaction                           :    On market sale of LTIP shares vested on 14 April 2020
 Class of securities                             :    Ordinary shares
 Number of shares sold                           :    5,129
 Minimum selling price                                R900.00
 Maximum selling price                                R970.68
 Average selling price                           :    R910.24
 Value of transaction                            :    R4,668,620.96
 Nature of interest                              :    Direct beneficial
 Clearance obtained                              :    Yes

 Director                                        :    Gary Allan Humphries
 Company                                         :    Rustenburg Platinum Mines Limited (a major subsidiary
                                                      of Anglo American Platinum)
 Date of transaction                             :    16 April 2020
 Nature of transaction                           :    On market sale of LTIP shares vested on 14 April 2020
 Class of securities                             :    Ordinary shares
 Number of shares sold                           :    5,095
 Minimum selling price                                R900.00
 Maximum selling price                                R970.68
 Average selling price                           :    R910.24
 Value of transaction                            :    R4,637,672.80
 Nature of interest                              :    Direct beneficial
 Clearance obtained                              :    Yes
Johannesburg
21 April 2020

Sponsor
Merrill Lynch South Africa (Pty) Limited

Date: 21-04-2020 03:46:00
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