19th Nov 2008 16:33
Notification of Directors' and PDMRs' shareholdings pursuant to
Disclosure and Transparency Rule 3.1.4
The Company received notification on 18 November 2008 from the Trustee of the Lonmin Employee Benefit Trust that awards made on 30 September 2005 under the Long Term Incentive Plan vested to the extent of 38% resulting in the release, part sale and part retention of shares as detailed below, all of which occurred yesterday.
The Company was also notified on 18 November 2008 by Mr Farmer, a director of the Company, of the same information in discharge of his obligation under Rule 3.1.2 of the Disclosure and Transparency Rules.
The sale by Mr Farmer was to realise sufficient cash proceeds to satisfy his liability for income tax and national insurance on the vesting of the award and the balance of his shares have been retained.
|
Name of director |
No. of shares under original LTIP |
No. of shares vested |
No. of shares sold |
No. of shares retained |
Sale price (£) |
|
Ian Farmer |
23,000 |
8,740 |
3,593 |
5,147 |
£8.3632 |
Following this notification, Mr Farmer's total shareholding in the Company is 40,968.
Related Shares:
Lonmin