Wrap Text
Acceptance of share awards by directors and the company secretary
Kumba Iron Ore Limited
A member of the Anglo American plc group
(Incorporated in the Republic of South Africa)
(Registration number 2005/015852/06)
Share code: KIO
ISIN: ZAE000085346
("Kumba" or "the Company)
ACCEPTANCE OF SHARE AWARDS BY DIRECTORS AND THE COMPANY SECRETARY
In terms of the JSE Limited Listings Requirements, the following information is disclosed pursuant to the grant and acceptance of forfeitable shares in terms of
the Rules of the Company's Bonus and Retention Plan and conditional share awards in terms of the Company's Performance Share Plan ("PSP"):
Company: Kumba Iron Ore Limited
Date of transaction: 14 March 2025
Class of securities: Ordinary shares
Nature of interest: Direct beneficial
Clearance obtained: Yes
Director: Nompumelelo Dessederia Zikalala
Nature of transaction: Off market acceptance of forfeitable share awards
Number of shares: 22,627
(33.33% of the shares vest after 2 years and the remaining 66.67% vest after 3
years provided that the director remains in the employ of the Anglo American
plc group of companies)
Award price per share:* R371.60
Value of transaction: R8,408,193.20
Director: Bothwell Anesu Mazarura
Nature of transaction: Off market acceptance of forfeitable share awards
Number of shares: 9,020
(33.33% of the shares vest after 2 years and the remaining 66.67% vest after 3
years provided that the director remains in the employ of the Anglo American
plc group of companies)
Award price per share:* R371.60
Value of transaction: R3,351,832.00
Company Secretary: Fazila Patel
Nature of transaction: Off market acceptance of forfeitable share awards
Number of shares: 6,544
(33.33% of the shares vest after 2 years and the remaining 66.67% vest after 3
years provided that the company secretary remains in the employ of the Anglo
American plc group of companies)
Award price per share:* R371.60
Value of transaction: R2,431,750.40
Director: Nompumelelo Dessederia Zikalala
Nature of transaction: Off market acceptance of conditional share awards
Number of shares: 44,283
(Shares vest after 3 years upon certain performance criteria being met in terms
of the PSP. Subsequent to the vesting period an additional 2-year holding
period will apply during which the vested shares will be held in escrow)
Award price per share:* R371.60
Value of transaction: R16,455,562.80
Director: Bothwell Anesu Mazarura
Nature of transaction: Off market acceptance of conditional share awards
Number of shares: 21,891
(Shares vest after 3 years upon certain performance criteria being met in terms
of the PSP. Subsequent to the vesting period an additional 2-year holding
period will apply during which the vested shares will be held in escrow)
Award price per share:* R371.60
Value of transaction: R8,134,695.60
*Award price per share is based on a 3-day VWAP ended 20 February 2025 of a Kumba share. The highest and lowest prices traded for Kumba shares over
each day were as follows:
Date Highest price per share Lowest price per share
18 February 2025 R373.05 R343.50
19 February 2025 R379.99 R363.23
20 February 2025 R390.90 R377.01
Johannesburg
14 March 2025
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
For further information, please contact:
Company secretary
Fazila Patel
Fazila.patel@angloamerican.com
Tel: +27 12 683 7060
Mobile: +27 83 297 2293
Investors Media
Penny Himlok Sinah Phochana
penny.himlok@angloamerican.com sinah.phochana@angloamerican.com
Tel: +27 12 622 8324 Tel: +27 12 683 7019
Mobile: +27 82 781 1888 Mobile: +27 76 066 0655
Notes to editors:
Kumba Iron Ore Limited, a member of the Anglo American plc group, is a leading value-adding supplier of high quality iron ore to the global steel industry.
Kumba produces iron ore in South Africa at Sishen and Kolomela mines in the Northern Cape Province. Kumba exports iron ore to customers around the globe
including in China, Japan, South Korea and a number of countries in Europe and the Middle East.
www.angloamericankumba.com
Anglo American is a leading global mining company focused on the responsible production of copper, premium iron ore and crop nutrients – future-enabling
products that are essential for decarbonising the global economy, improving living standards, and food security. Our portfolio of world-class operations and
outstanding resource endowments offers value-accretive growth potential across all three businesses, positioning us to deliver into structurally attractive
major demand growth trends.
Our integrated approach to sustainability and innovation drives our decision-making across the value chain, from how we discover new resources to how we
mine, process, move and market our products to our customers – safely, efficiently and responsibly. Our Sustainable Mining Plan commits us to a series of
stretching goals over different time horizons to ensure we contribute to a healthy environment, create thriving communities and build trust as a corporate
leader. We work together with our business partners and diverse stakeholders to unlock enduring value from precious natural resources for our shareholders,
for the benefit of the communities and countries in which we operate, and for society as a whole. Anglo American is re-imagining mining to improve people's
lives.
Anglo American is currently implementing a number of major structural changes to unlock the inherent value in its portfolio and thereby accelerate delivery of
its strategic priorities of Operational excellence, Portfolio simplification, and Growth. This portfolio transformation will focus Anglo American on its world-class
resource asset base in copper, premium iron ore and crop nutrients, once the sale of our steelmaking coal and nickel business es, the demerger of our PGMs
business (Anglo American Platinum), and the separation of our iconic diamond business (De Beers) have been completed.
www.angloamerican.com
Date: 14-03-2025 09:52:00
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