10th Dec 2014 11:00
10 December 2014
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 2014 under the Company's Annual Share Award Plan ("ASAP Awards") to the 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.
PDMR
| Position | Number of shares |
Abey Kgotle
| Executive VP Human Resources | 25,778 |
Ben Moolman | Head of Business Support Office
| 5,406 |
Lerato Molebatsi | Executive VP Communications and Public Affairs
| 23,252 |
Johan Viljoen | Chief Operating Officer
| 5,583 |
ASAP Awards are not subject to a performance condition (other than continued service) as the FY2014 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