10th Dec 2013 15:14
10 December 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 9 December 2013 under the Company's Annual Share Award Plan ("ASAP Awards") to Ben Magara, Chief Executive Officer, Simon Scott, Chief Financial Officer and other PDMRs as listed below.
As in prior years, the participants' bonus paid under the Balanced Scorecard Bonus Plan is matched with ASAP Awards with a face value of an equivalent gross amount, which are settled in shares at the point of exercise.
Director/PDMR
| Position | Number of shares |
Ben Magara
| Chief Executive Officer (appointed 1 Jul 2013)
| 36,465 |
Simon Scott
| Chief Financial Officer | 145,850 |
Albert Jamieson
| Chief Commercial Officer | 53,557 |
Abey Kgotle
| Executive VP Human Resources | 31,552 |
Barnard Mokwena | Executive VP Strategic Business Transformation
| 45,301 |
Lerato Molebatsi | Executive VP Communications and Public Affairs (appointed 1 Sept 2013)
| 2,918 |
Mark Munroe
| Executive VP Mining | 51,575 |
Natascha Viljoen
| Executive VP Processing and Sustainability | 47,410 |
ASAP Awards are not subject to a performance condition (other than continued service) as the FY2013 bonus plan determines the size of the award. They will vest on the third anniversary of the date of grant and can be exercised at any time during the seven year period thereafter.
END
Related Shares:
Lonmin