3rd Oct 2005 15:15
Lonmin PLC03 October 2005 3 October 2005 Lonmin Plc Notification of Transactions of Directors' and Persons Discharging ManagerialResponsibilities ("PDMRs") Pursuant to DR 3.1.4 R and in accordance with the rules of the Long TermIncentive Plan ("LTIP") contained within the Lonmin Plc Shareholder ValueIncentive Plan (the "Plan") the Executive Directors of Lonmin Plc and the PDMRslisted below have been granted LTIP Awards under the Plan. The LTIP Awards were made on 30 September 2005, based on a price of £11.63, thisprice being derived from the average of the mid-market closing price of LonminPlc shares during the month of August 2005. Executive Directors Shares Brad Mills 67,500Ian Farmer 23,000John Robinson 26,000 PDMRs Position SharesRob Bellhouse Company Secretary 6,500Ricus Grimbeek VP - Limpopo 4,500Lee Johnson VP - Human Capital 5,000Alistair Ross President - Platinum 35,700Alex Shorland-Ball VP - Investor Relations 6,100 Awards under the Plan will normally vest on or shortly after the thirdanniversary of the award date. The proportion of an award that vests will besubject to the attainment of stretching Relative TSR performance conditionsrelating to the performance of the Company over a three year performance period.The total shareholder return achieved by a Lonmin shareholder during the periodwill be compared to that of 15 other mining or mining-related companies. 35% ofthe award vests for performance at the median level of the group, rising to 50%at the 70th percentile and 100% vesting is achieved for performance at or abovethe 92nd percentile, with straight-line interpolation between these levels. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Lonmin