RNS Number : 3964Q
Lonmin PLC
03 August 2010
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3 August 2010
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 awards were made on 2 August 2010, to the Chief Executive Officer and a number of other PDMRs under the Company's Long Term Incentive Plan (each an "LTIP Award").
The LTIP Award made to Ian Farmer, the Chief Executive Officer is over 51,886 shares and is wholly subject to the satisfaction of a performance condition, described below.
Following a consultation exercise with institutional shareholders and their representative bodies, the Company's Remuneration Committee has approved and implemented a new performance condition, which combines (1) the measurement of sustained and broad-based operational performance over three years and (2) the Company's Total Shareholder Return over a three year period relative to the median of a group comprising the Company's five direct peers producing Platinum Group Metals. The operational targets will support the delivery of the company's medium term targets, as disclosed in the Company's Annual Report. The methodology of the new performance condition will be explained fully in the remuneration report for the year ended 30 September 2010, expected to be published in early December.
LTIP Awards were also made to the following PDMRs:
PDMR |
Role |
Number of shares |
Theuns de Bruyn |
Executive Vice-President Processing |
12,704 |
Albert Jamieson |
Chief Commercial Officer |
13,027 |
Barnard Mokwena |
Executive Vice-President Human Capital and External Affairs |
10,698 |
Mark Munroe |
Executive Vice-President Mining |
12,481 |
Mahomed Seedat |
Chief Operating Officer |
15,715 |
These LTIP Awards comprise a 50% retention component, the normal vesting of which is not subject to any performance condition other than continued service with the Group for three years, in line with South African practice. The remaining 50% is subject to satisfaction of the same performance condition as described above.
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Lonmin PLC.
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PRODUCTEUR |
CODE : LMI.L |
ISIN : GB0031192486 |
CUSIP : 54336Q203 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Lonmin est une société de production minière d'or et de platine basée au Royaume-Uni. Lonmin est productrice d'or, de platine, de palladium et de rhodium en Afrique Du Sud, et détient divers projets d'exploration au Canada, au Gabon, en Afrique Du Sud et en Tanzanie. Ses principaux projets en production sont PANDORA JV, LIMPOPO, MARIKANA, EASTERN PLATINUM (EPL) et KAREE MINE (WPL) en Afrique Du Sud et ses principaux projets en exploration sont LUWUMBU en Tanzanie, PANTON en Australie, MESSINA PLATINIUM et WESTERN PLATINUM en Afrique Du Sud et WINDY LAKE au Canada. Lonmin est cotée au Royaume-Uni, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 21,4 milliards GBX (25,0 milliards US$, 22,0 milliards €). La valeur de son action a atteint son plus haut niveau récent le 28 août 2009 à 9 964,65 GBX, et son plus bas niveau récent le 28 juin 2019 à 75,60 GBX. Lonmin possède 282 784 288 actions en circulation. |