KUMBA IRON ORE LIMITED Kumba Iron Ore Limited
A member of the Anglo American plc group (Incorporated in the Republic of South Africa) (Registration number 2005/015852/06) Share code: KIO
ISIN: ZAE000085346 ("Kumba" or "the Company")
ACCEPTANCE OF CONDITIONAL SHARE AWARDS BY DIRECTORS
In terms of the JSE Limited Listings Requirements, the following information is disclosed pursuant to the grant and acceptance of conditional awards in terms of the Company's Performance Share Plan ("PSP"):
Director: | Nompumelelo Dessederia Zikalala |
Company: | Kumba Iron Ore Limited |
Grant date: | 1 March 2022 |
Acceptance date: | 14 March 2022 |
Nature of transaction: | Off market grant and acceptance of conditional share awards |
Class of securities: | Ordinary shares |
Number of shares: | 19,011 |
(Shares vest after 3 years on certain performance criteria being met in terms of the PSP. Subsequent to the vesting | |
period an additional 2-year holding period will apply during which the vested shares will be held in escrow) | |
Award price per share*: | R628.88 |
Value of transaction: | R11,955,637.68 |
Nature of interest: | Direct beneficial |
Clearance obtained: | Yes |
Director: | Bothwell Anesu Mazarura |
Company: | Kumba Iron Ore Limited |
Grant date: | 1 March 2022 |
Acceptance date: | 14 March 2022 |
Nature of transaction: | Off market grant and acceptance of conditional share awards |
Class of securities: | Ordinary shares |
Number of shares: | 8,771 |
(Shares vest after 3 years on certain performance criteria being met in terms of the PSP. Subsequent to the vesting | |
period an additional 2-year holding period will apply during which the vested shares will be held in escrow) | |
Award price per share*: | R628.88 |
Value of transaction: | R5,515,906.48 |
Nature of interest: | Direct beneficial |
Clearance obtained: | Yes |
- Award price per share is based on a 3-day VWAP ended 24 February 2022 of a Kumba share. The highest and lowest prices traded for Kumba shares over each day were as follows:
Date | Highest price | Lowest price |
per share | per share | |
22 February 2022 | R676.00 | R627.92 |
23 February 2022 | R663.57 | R639.95 |
24 February 2022 | R636.00 | R592.50 |
Centurion
14 March 2022
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
For further information, please contact: | |
Company Secretary | |
Fazila Patel | |
fazila.patel@angloamerican.com | |
Tel: +27 12 683 7060 | |
Mobile: +27 83 297 2293 | |
Investors | Media |
Penny Himlok | Sinah Phochana |
penny.himlok@angloamerican.com | sinah.phochana@angloamerican.com |
Tel: +27 12 622 8324 | Tel: +27 12 683 7019 |
Mobile: +27 82 781 1888 | Mobile: +27 76 066 0655 |
Notes to editors:
Kumba Iron Ore Limited, a member of the Anglo American plc group, is a leading value-adding supplier of high quality iron ore to the global steel industry. Kumba produces iron ore in South Africa at Sishen and Kolomela mines in the Northern Cape Province. Kumba exports iron ore to customers around the globe including in China, Japan, South Korea and a number of countries in Europe and the Middle East.
www.angloamericankumba.com
Anglo American is a leading global mining company and our products are the essential ingredients in almost every aspect of modern life. Our portfolio of world-class competitive operations, with a broad range of future development options, provides many of the future-enabling metals and minerals for a cleaner, greener, more sustainable world and that meet the fast growing every day demands of billions of consumers. With our people at the heart of our business, we use innovative practices and the latest technologies to discover new resources and to mine, process, move and market our products to our customers - safely and sustainably.
As a responsible producer of diamonds (through De Beers), copper, platinum group metals, premium quality iron ore and metallurgical coal for steelmaking, and nickel - with crop nutrients in development - we are committed to being carbon neutral across our operations by 2040. More broadly, our Sustainable Mining Plan commits us to a series of stretching goals to ensure we work towards a healthy environment, creating thriving communities and building trust as a corporate leader. We work together with our business partners and diverse stakeholders to unlock enduring value from precious natural resources for the benefit of the communities and countries in which we operate, for society as a whole, and for our shareholders. Anglo American is re-imagining mining to improve people's lives.
www.angloamerican.com
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Kumba Iron Ore Ltd. published this content on 14 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 March 2022 16:03:02 UTC.
