19th Aug 2009 11:50
Notification of Directors' and PDMRs' shareholdings pursuant to
Disclosure and Transparency Rule 3.1.4
The Company received notification on 18 August 2009 from the Trustee of the Lonmin Employee Benefit Trust that awards made on 17 August 2006 under the Long Term Incentive Plan vested to the extent of 30.5% resulting in the release, part sale and part retention of shares as detailed below, all of which occurred yesterday.
The Company was also notified on the same date by Mr Farmer and Mr Jamieson of the same information in discharge of their obligations under Rule 3.1.2 of the Disclosure and Transparency Rules.
The sale by Mr Farmer was to realise sufficient cash proceeds to satisfy his liability for income tax and national insurance on the vesting of the award and the balance of his shares have been retained.
|
Name of director/ PDMR |
No. of shares under LTIP |
No. of shares vested |
No. of shares sold (in London) |
No. of shares retained |
Sale price (£) |
|
Ian Farmer (director) |
12,784 |
3,899 |
1,603 |
2,296 |
£13.7442 |
|
Albert Jamieson (PDMR) |
2,095 |
638 |
638 |
0 |
£13.7442 |
Following this notification, Mr Farmer holds a total of 58,985 shares in the Company and Mr Jamieson holds 11,872 shares.
Related Shares:
Lonmin