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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
A. Equity settlement of conditional shares
In terms of 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 equity settlement of conditional shares by ARM to
the undermentioned Directors and Prescribed Officers of the Company, and the
undermentioned Directors of Two Rivers Platinum Proprietary Limited and ARM
Mining Consortium Limited, major subsidiaries of the Company. These awards
were made in terms of The African Rainbow Minerals Limited 2018 Conditional
Share Plan (the "2018 CSP") and on recommendation of the Remuneration
Committee, approved by ARM's Board of Directors. The calculation of the gross
value of conditional shares vested is based upon the closing ARM share price
of R162.19 on 12 December 2024.
Conditional shares
Date of transaction 18 December 2024
Nature of transaction Equity settlement of conditional shares in
terms of the 2018 CSP by means of on-
market purchase of shares in the market
Date of award 8 March 2022
Vesting date for settlement 13 December 2024
Class of securities Ordinary shares
Extent of interest Direct, beneficial
Name Designation Number of Gross value Number of Number of Value of
conditional of vested shares conditional conditional
shares shares at withheld shares shares
vested vesting to cover settled on settled
date tax a net of (R)
(before tax liability tax basis
liability) **
(R)
PT Motsepe, Executive 115 660 18 758 895 - - 18 222 233
Dr * Chairman
VP Tobias Chief 59 850 9 707 072 26 933 32 917 5 186 073
Executive
Officer
TTA Mhlanga Finance 45 958 7 453 928 20 682 25 276 3 982 234
Director
HL Mkatshana Prescribed 43 097 6 989 902 19 394 23 703 3 734 408
Officer
MP Schmidt Prescribed 100 849 16 356 699 45 383 55 466 8 738 668
Officer
A Joubert Prescribed 49 263 7 989 966 22 169 27 094 4 268 660
Officer
NV Khumalo Director of 25 807 4 185 637 11 614 14 193 2 236 107
Two Rivers
Platinum
Proprietary
Limited
BR Tshabalala Director of 24 068 3 903 589 10 905 13 163 2 073 831
ARM Mining
Consortium
Limited
The calculation of the value of the conditional shares settled is based upon the
volume weighted average price of shares purchased in settlement, being R157.55,
with a low of R152.71 per share and a high of R161.88 per share.
The requisite clearances and approvals for these transactions have been
obtained in compliance with the securities dealing policies and procedures of
ARM and paragraph 3.66 of the Listings Requirements.
* Dr PT Motsepe has elected to pay for the tax liability from his own resources.
**The number of shares withheld to cover tax liability is determined based on the
closing ARM share price on the trading day before the vesting date, i.e. 12
December 2024, of R162.19, in accordance with the provisions of the 2018 CSP
rules.
B. Transfer of shares
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 of ARM, Dr PT Motsepe, to transfer his shares acquired by market
purchase as described in "A" above to African Rainbow Minerals & Exploration
Investments Proprietary Limited ("ARMI"). More than 99% of 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 Dr
PT Motsepe and his immediate family. The Motsepe Foundation applies the
benefits emanating from its indirect shareholding in ARMI for philanthropic
purposes.
Date of transaction 18 December 2024
Nature of transaction Off-market transfer of shares to ARMI
with beneficial ownership as described
above
Deemed price of securities Volume weighted average price of shares
transferred purchased in settlement, being R157.55,
with a low of R152.71 per share and a high
of R161.88 per share.
Class of securities Ordinary shares
Nature of interest Indirect, beneficial
Clearance to deal Yes
Name Designation Number of Ordinary Total value
shares transferred (before tax
liability) of
shares
transferred
R
PT Motsepe, Dr Executive Chairman 115 660 18 222 233
The calculation of the value of the shares transferred is based upon the volume
weighted average price of shares purchased in settlement, being R157.55, with a
low of R152.71 per share and a high of R161.88 per share.
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
23 December 2024
Sponsor to ARM:
Investec Bank Limited
Date: 23-12-2024 07:05:00
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