12th Jan 2017 14:30
12 January 2017
Lonmin Plc
Director/PDMR shareholding
Pursuant to Article 19 of the EU Market Abuse Regulation, Lonmin Plc (the "Company") provides notification of the exercise of options granted under the Company's Lonmin Annual Share Award Plan to Abey Kgotle, Executive Vice President (Human Resources).
The options were granted to Mr Kgotle on 15 January 2013 and 9 December 2013. Options granted under the Annual Share Award Plan are exercisable three years from the date of grant, and for a period of seven years from such date.
Name of PDMR | Name of award/date of grant | Number of award shares | Number of shares sold | Number of shares retained | Sale price (GBP) |
Abey Kgotle | ASAP - 15/01/2013
| 1,497 | 1,497 | 0 | 1.7425 |
ASAP - 09/12/2013
| 2,269 | 2,269 | 0 | 1.7425 |
The notification form below, made in accordance with the EU Market Abuse Regulation, provides further detail.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Abey Kgotle | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Executive Vice President (Human Resources) | ||||||
b) | Initial notification/amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Lonmin Plc | ||||||
b) | LEI | [N/A] | ||||||
4 | Details of the transaction (s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
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a) | Description of the financial instrument, type of instrument
Identification code | Ordinary Shares of $0.0001 each
ISIN: GB00BYSRJ698 | ||||||
b) | Nature of the transaction | Sale of shares following exercise of options granted under the Annual Share Award Plan | ||||||
c) | Prices(s) and volume(s) |
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d) | Aggregated information |
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e) | Date of the transaction | 10/01/2017 | ||||||
f) | Place of the transaction | London Stock Exchange (LON) | ||||||
The Company also provides notification that the following awards granted to Mr Kgotle and Mike da Costa, Executive Vice President (Business Support Office), under the Company's Long Term Investment Plan (LTIP) vested in full on 10 January 2017 and resulted in the sale and retention of shares, as detailed below.
Name of PDMR | Name of award/date of grant | Number of award shares | Number of shares sold | Number of shares retained | Sale price (GBP) |
Abey Kgotle | LTIP - 27/09/2013 | 1,687 | 1,687 | 0 | 1.740495 |
Mike da Costa | LTIP - 27/09/2013 | 2,545 | 1,055 | 1,490 | 1.740495 |
The notification forms below, made in accordance with the EU Market Abuse Regulation, provide further detail.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Abey Kgotle | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Executive Vice President (Human Resources) | ||||||
b) | Initial notification/amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Lonmin Plc | ||||||
b) | LEI | [N/A] | ||||||
4 | Details of the transaction (s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary Shares of $0.0001 each
ISIN: GB00BYSRJ698 | ||||||
b) | Nature of the transaction | Sale of shares following vesting of LTIP award | ||||||
c) | Prices(s) and volume(s) |
| ||||||
d) | Aggregated information |
| ||||||
e) | Date of the transaction | 10/01/2017 | ||||||
f) | Place of the transaction | London Stock Exchange (LON) | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Mike da Costa | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Executive Vice President (Business Support Office) | ||||||
b) | Initial notification/amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Lonmin Plc | ||||||
b) | LEI | [N/A] | ||||||
4 | Details of the transaction (s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary Shares of $0.0001 each
ISIN: GB00BYSRJ698 | ||||||
b) | Nature of the transaction | Vesting of LTIP award for 2,545 shares followed by sale of 1,055 shares to settle income tax liability and retention of 1,490 shares | ||||||
c) | Prices(s) and volume(s) |
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d) | Aggregated information |
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e) | Date of the transaction | 2017-01-10 | ||||||
f) | Place of the transaction | London Stock Exchange (LON) | ||||||
-ENDS-
Related Shares:
Lonmin