15th Sep 2009 16:48
15 SEPTEMBER 2009
Notification of Transactions of Directors and Persons Discharging Managerial Responsibilities ("PDMRs")
Pursuant to DR 3.1.4 R, Lonmin Plc (the "Company") confirms that the Executive Directors and PDMRs listed below were granted nil cost Long Term Incentive Plan Awards (LTIP Awards) over Ordinary Shares of the Company on 14 September 2009.
|
Directors |
No. of shares |
|
|
Ian Farmer |
57,152 |
|
|
Alan Ferguson |
33,779 |
|
|
PDMRs |
Position |
No. of shares |
|
Theuns de Bruyn |
Executive Vice President, Processing |
10,101 |
|
Albert Jamieson |
Chief Commercial Officer |
10,789 |
|
Barnard Mokwena |
Executive Vice President, Human Capital & External Affairs |
10,126 |
|
Mark Munroe |
Executive Vice President, Mining |
12,552 |
|
Mahomed Seedat |
Chief Operating Officer |
17,000 |
|
Chris Sheppard |
Executive Vice President, Technical Services |
11,784 |
The LTIP Awards will normally vest on the third anniversary of the award date. The LTIP Awards granted to the Executive Directors will be subject to satisfaction of a performance condition comprised of two objective tests, assessed independently of each other, absolute share price and relative total shareholder return.
LTIP Awards granted to the PDMRs comprise a 50% retention component, the vesting of which is not subject to any performance condition. The remaining 50% is subject to the same performance conditions as for the Executive Directors.
END
Related Shares:
Lonmin