10th Dec 2013 16:31
Lonmin Plc4 Grosvenor PlaceLondon SW1X 7YLUnited Kingdom
T: +44 (0)20 7201 6000F: +44 (0)20 7201 6100
www.lonmin.com
REGULATORY RELEASE
10 December 2013
SUPERCEDES EARLIER ANNOUNCEMENT WHICH CONTAINED ERRORS IN THE NUMBER OF SHARES AWARDED. CORRECT NUMBERS BELOW.
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)
| 31,637 |
Simon Scott
| Chief Financial Officer | 126,540 |
Albert Jamieson
| Chief Commercial Officer | 46,467 |
Abey Kgotle
| Executive VP Human Resources | 27,375 |
Barnard Mokwena | Executive VP Strategic Business Transformation
| 39,303 |
Lerato Molebatsi | Executive VP Communications and Public Affairs (appointed 1 Sept 2013)
| 2,532 |
Mark Munroe
| Executive VP Mining | 44,747 |
Natascha Viljoen
| Executive VP Processing and Sustainability | 41,133 |
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.
-ENDS -
ENQUIRIES
Investors / Analysts:
Lonmin
Tanya Chikanza (Head of Investor Relations) | +27 11 218 8358 / +44 20 7201 6007 |
Media:
Cardew Group
James Clark | +44 20 7930 0777 |
Sue Vey | +27 72 644 9777 |
Brunswick - Johannesburg
Cecilia de Almeida | +27 11 502 7400 / +27 83 325 9169 |
Notes to editors
Lonmin, which is listed on both the London Stock Exchange and the Johannesburg Stock Exchange, is one of the world's largest primary producers of PGMs. These metals are essential for many industrial applications, especially catalytic converters for internal combustion engine emissions, as well as their widespread use in jewellery.
Lonmin's operations are situated in the Bushveld Complex in South Africa, where nearly 80% of known global PGM resources are found.
The Company creates value for shareholders through mining, refining and marketing PGMs and has a vertically integrated operational structure - from mine to market. Lonmin's mining operations extract ore from which the Process Division produces refined PGMs for delivery to customers. Underpinning the operations is the Shared Services function which provides high quality levels of support and infrastructure across the operations.
For further information please visit our website: http://www.lonmin.com
Related Shares:
Lonmin