16th Jan 2013 15:58
16 January 2013
Notification of Transactions of Directors and Persons Discharging Managerial Responsibilities ("PDMRs")
Pursuant to DTR 3.1.4 R, Lonmin Plc (the "Company") confirms that nil cost options were granted on 15 January 2013 under the Company's Annual Share Award Plan ("ASAP Awards") to Simon Scott, Acting Chief Executive and Chief Financial Officer, and the PDMRs listed below.
Director/PDMR
| Position | Number of shares |
Simon Scott
| Acting CEO/CFO | 44,171 |
Albert Jamieson
| Chief Commercial Officer | 44,293 |
Barnard Mokwena | Executive Vice-President Human Capital and External Affairs
| 37,465 |
Mark Munroe
| Executive Vice-President Mining | 42,654 |
Natascha Viljoen
| Executive Vice-President Processing | 39,209 |
As in the previous year, the participants' bonus paid under the Balanced Scorecard Bonus Plan is matched with ASAP Awards of an equivalent gross amount, which are settled in shares at the point of exercise.
ASAP Awards are not subject to a post-grant performance condition as the FY2012 bonus plan acts as a pre-grant condition. They will vest on the third anniversary of the date of grant (subject to continued employment) and can be exercised at any time during the seven year period thereafter.
END
Related Shares:
Lonmin