Dealings in securities by directors
Published on 20 November 2014
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.
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1.
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Name of director:
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GP Briggs (Chief Executive Officer)
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Nature of transaction:
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Off market vesting and on market sale of performance shares (ordinary shares)
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Date:
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17 November 2014
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Class of Securities:
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Ordinary Shares
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Number of performance shares vested:
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17 578
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Vesting price per share:
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R17.11
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Total value of shares vested:
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R300 824.62 (pre-tax)
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Number of performance shares sold on market to cover tax:
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7 207
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Market price per share sold:
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R17.11
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Proceeds for on market sale to cover tax:
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R123 338.43
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Number of shares retained in own name:
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10 371
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Nature and extent of directors interest:
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Direct beneficial
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2.
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Name of director:
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F Abbott (Financial Director)
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Nature of transaction:
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Off market vesting and on market sale of performance shares (ordinary shares)
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Date:
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17 November 2014
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Class of Securities:
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Ordinary Shares
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Number of performance shares vested:
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6 344
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Vesting price per share:
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R17.11
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Total value of shares vested:
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R108 569.31 (pre-tax)
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Number of performance shares sold on market to cover tax:
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2 601
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Market price per share sold:
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R17.11
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Proceeds for on market sale to cover tax:
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R44 512.73
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Number of shares retained in own name:
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3 743
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Nature and extent of directors interest:
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Direct beneficial
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3.
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Name of director:
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HE Mashego (Executive Director)
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Nature of transaction:
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Off market vesting and on market sale of performance shares (ordinary shares)
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Date:
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17 November 2014
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Class of Securities:
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Ordinary Shares
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Number of performance shares vested:
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5 247
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Vesting price per share:
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R17.11
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Total value of shares vested:
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R89 795.58
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Number of performance shares sold on market to cover tax:
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2 151
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Market price per share sold:
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17.11
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Proceeds for on market sale to cover tax:
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R36 811.57
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Number of shares retained in own name:
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3 096
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Nature and extent of directors interest:
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Direct beneficial
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4.
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Name of director:
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A Pretorius (Director of various subsidiaries)
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Nature of transaction:
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Off market vesting and on market sale of performance shares (ordinary shares)
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Date:
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17 November 2014
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Class of Securities:
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Ordinary Shares
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Number of performance shares vested:
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5 247
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Vesting price per share:
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R17.11
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Total value of shares vested:
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R89 795.58 (pre-tax)
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Number of performance shares sold on market to cover tax:
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2 151
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Market price per share sold:
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R17.11
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Proceeds for on market sale to cover tax:
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R36 811.57
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Number of shares retained in own name:
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3 096
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Nature and extent of directors interest:
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Direct beneficial
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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.
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1.
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Name of director:
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GB Briggs (Chief Executive Officer)
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Nature of transaction:
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Off market grant of share appreciation rights and performance shares
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Periods of vesting:
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Share appreciation rights vest in equal thirds on the third, fourth and fifth anniversary of the allocation. Performance shares vest after three years.
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Date
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17 November 2014
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Class of Securities:
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Share appreciation rights and performance shares
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Strike price:
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R18.41
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Number of share appreciation rights allocated:
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107 567
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Number of performance shares allocated:
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561 217
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Number of matching restricted shares allocated(matching the number allocated in 2011):
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15 000
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Nature and extent of director's interest:
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Direct beneficial
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2.
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Name of director:
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F Abbott (Financial Director)
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Nature of transaction:
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Off market grant of share appreciation rights and performance shares
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Periods of vesting:
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Share appreciation rights vest in equal thirds on the third, fourth and fifth anniversary of the allocation. Performance shares vest after three years.
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Date
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17 November 2014
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Class of Securities:
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Share appreciation rights and performance shares
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Strike price:
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R18.41
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Number of share appreciation rights allocated:
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63 622
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Number of performance shares allocated:
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207 462
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Number of matching restricted shares allocated(matching the number allocated in 2011):
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8 000
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Nature and extent of director's interest:
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Direct beneficial
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3.
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Name of director:
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HE Mashego (Executive Director)
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Nature of transaction:
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Off market grant of share appreciation rights and performance shares
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Periods of vesting:
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Share appreciation rights vest in equal thirds on the third, fourth and fifth anniversary of the allocation. Performance shares vest after three years.
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Date
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17 November 2014
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Class of Securities:
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Share appreciation rights and performance shares
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Strike price:
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R18.41
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Number of share appreciation rights allocated:
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45 913
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Number of performance shares allocated:
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149 715
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Number of matching restricted shares allocated(matching the number allocated in 2011):
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8 000
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Nature and extent of director's interest:
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Direct beneficial
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4.
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Name of director:
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A Pretorius (Director of various subsidiaries)
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Nature of transaction:
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Off market grant of share appreciation rights and performance shares
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Periods of vesting:
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Share appreciation rights vest in equal thirds on the third, fourth and fifth anniversary of the allocation. Performance shares vest after three years.
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Date
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17 November 2014
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Class of Securities:
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Share appreciation rights and performance shares
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Strike price:
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R18.41
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Number of share appreciation rights allocated:
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58 718
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Number of performance shares allocated:
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191 472
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Number of matching restricted shares allocated(matching the number allocated in 2011):
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8 000
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Nature and extent of director's interest:
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Direct beneficial
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5.
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Name of director:
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Riana Bisschoff (Company Secretary)
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Nature of transaction:
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Off market grant of share appreciation rights and performance shares
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Periods of vesting:
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Share appreciation rights vest in equal thirds on the third, fourth and fifth anniversary of the allocation. Performance shares vest after three years.
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Date
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17 November 2014
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Class of Securities:
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Share appreciation rights and performance shares
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Strike price:
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R18.41
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Number of share appreciation rights allocated:
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24 271
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Number of performance shares allocated:
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47 487
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Nature and extent of director's interest:
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Direct beneficial
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Prior clearance was obtained in respect of the above dealings by the directors.
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 2014
Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited