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AFRICAN RAINBOW MINERALS LIMITED - Dealings in securities by Directors of ARM

Release Date: 21/10/2020 15:43
Code(s): ARI     PDF:  
Wrap Text
Dealings in securities by Directors 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 of ARM


A. Sale of 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 dealings in ARM securities by the Chief
Executive Officer of ARM:

Name of director               Michael Peter Schmidt
Category of director           Chief Executive Officer
Date of transaction            19 October 2020
Nature of transaction          On-market sale of shares
Class of securities            Ordinary shares
Number of securities           40 000
Selling price of securities    Volume weighted average price of
                               R235.1433 per share (with a low of
                               R235.00 per share and a high of R235.67
                               per share)
Total value of transaction     R9 405 732.00
Nature of interest             Direct, beneficial


B. Exercise of share options

In compliance with paragraphs 3.63 to 3.66 of the Listings
Requirements, the following information is provided regarding the
exercise of share options by an Executive Director of ARM:

In terms of the ARM Share Incentive Scheme the share options described
below will expire on 29 October 2021, if not exercised by this date.

Name of Director               Hamilton Luthando Mkatshana
Category of director           Executive Director
Date of transaction            19 October 2020
Nature of transaction          Exercise of share options settled by on-
                               market sale of shares
Class of securities            Ordinary shares
Offer price                    7 846 options at R200.75 per share
                               option; granted on 29 October 2013 and
                               vested on 30 October 2017
Number of securities           7 846
Market price of securities     R234.0300 per ARM share
Total market value of          R1 836 199.38
securities
Nature of interest             Direct, beneficial
Clearance to deal              Yes


The requisite clearances and approvals for these transactions were
obtained in compliance with the securities dealing policies and
procedures of ARM and paragraph 3.66 of the Listings Requirements.


Sandton
21 October 2020

Sponsor to ARM:
Investec Bank Limited

Date: 21-10-2020 03:43:00
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