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