Dealings in securities by directors: Share Vestings and on Market Sales
In compliance with paragraphs 3.63 to 3.74 of the JSE Listings Requirements, the following information is disclosed:
A. Dealing in securities: Share vesting and on market sales
In terms of provisions of the Harmony Share Plan, performance shares vest after 3 years.
| 1. | Name of director: | GP Briggs (Chief Executive Officer) |
| Nature of transaction: | Off market vesting | |
| Date: | 16 November 2015 | |
| Class of Securities: | Ordinary Shares | |
| Number of performance shares vested and retained in own name: | 44 615 | |
| Vesting price per share: | R8.78 | |
| Total value of shares vested: | R391 719.70 (pre-tax) | |
| Nature and extent of directors interest: | Direct beneficial |
| 2. | Name of director: | F Abbott (Financial Director) |
| Nature of transaction: | Off market vesting | |
| Date: | 16 November 2015 | |
| Class of Securities: | Ordinary Shares | |
| Number of performance shares vested and retained in own name: | 18 547 | |
| Vesting price per share: | R8.78 | |
| Total value of shares vested: | R162 842.66 (pre-tax) | |
| Nature and extent of directors interest: | Direct beneficial |
| 3. | Name of director: | HE Mashego (Executive Director) |
| Nature of transaction: | Off market vesting and on market sale of performance shares (ordinary shares) | |
| Date: | 16 November 2015 | |
| Class of Securities: | Ordinary Shares | |
| Number of performance shares vested and retained in own name: | 13 153 | |
| Vesting price per share: | R8.78 | |
| Total value of shares vested: | R115 483.34 | |
| Number of performance shares sold on market to cover tax: | 5 393 | |
| Market price per share sold: | R8.78 | |
| Proceeds for on market sale to cover tax: | R47 350.54 | |
| Number of shares retained in own name: | 7 760 | |
| Nature and extent of directors interest: | Direct beneficial |
| 4. | Name of director: | R Bisschoff (Company Secretary) |
| Nature of transaction: | Off market vesting and on market sale of performance shares (ordinary shares) | |
| Date: | 16 November 2015 | |
| Class of Securities: | Ordinary Shares | |
| Number of performance shares vested and retained in own name: | 4 971 | |
| Vesting price per share: | R8.78 | |
| Total value of shares vested: | R43 645.38 (pre-tax) | |
| Nature and extent of directors interest: | Direct beneficial |
B. Dealing in securities by directors: Share grants
In line with the provisions of the Harmony Share Plan, incentives / shares are allocated to directors in November of each year.
| 1. | Name of director: | GB Briggs (Chief Executive Officer) |
| Nature of transaction: | Off market grant of performance shares | |
| Periods of vesting: | Performance shares vest after three years. | |
| Date | 16 November 2015 | |
| Class of Securities: | Performance shares | |
| Number of share appreciation rights allocated: | 550 000 | |
| Matching shares granted, supplementing restricted shares not exercised: | 32 684 | |
| Nature and extent of director’s interest: | Direct beneficial |
| 2. | Name of director: | F Abbott (Financial Director) |
| Nature of transaction: | Off market grant of performance shares | |
| Periods of vesting: | Performance shares vest after three years. | |
| Date | 16 November 2015 | |
| Class of Securities: | Performance shares | |
| Number of performance shares awarded: | 736 809 | |
| Matching shares granted, supplementing restricted shares not exercised: | 63 408 | |
| Nature and extent of director’s interest: | Direct beneficial |
| 3. | Name of director: | HE Mashego (Executive Director) |
| Nature of transaction: | Off market grant of performance shares | |
| Periods of vesting: | Performance shares vest after three years. | |
| Date | 16 November 2015 | |
| Class of Securities: | Performance shares | |
| Number of share appreciation rights allocated: | 455 758 | |
| Number of performance shares allocated: | 35 082 | |
| Nature and extent of director’s interest: | Direct beneficial |
| 5. | Name of director: | Riana Bisschoff (Company Secretary) |
| Nature of transaction: | Off market grant of performance shares | |
| Periods of vesting: | Performance shares vest after three years. | |
| Date | 16 November 2015 | |
| Class of Securities: | Performance shares | |
| Number of performance shares allocated: | 152 972 | |
| Nature and extent of director’s interest: | Direct beneficial |
Prior clearance was obtained in respect of the above dealings by the directors.
For more details contact:
For more details contact:
Henrika Ninham
Investor Relations Manager
+27 (0) 82 759 1775 (mobile)
Marian van der Walt
Executive: Corporate and Investor Relations
+27 (0) 82 888 1242 (mobile)
20 November 2015
Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited