In compliance with the JSE Limited Listings Requirements, Kumba Iron Ore Limited, a subsidiary of Anglo American plc, disclosed significant on-market sales of securities by its directors and company secretary. The transactions, which occurred on March 1, 2024, saw a total value of millions of South African Rand exchanged.
Nature of Transactions: The sales involved the disposal of ordinary shares by key figures within the company. Here’s a breakdown of the transactions:
| Name | Number of Shares | Total Transaction Value (R) |
|---|---|---|
| Themba Moyeni Mkhwanazi | 19,615 | 10,455,889.52 |
| Nompumelelo Dessederia Zikalala | 514 | 273,990.68 |
| Bothwell Anesu Mazarura | 4,446 | 2,369,966.09 |
| Fazila Patel (Company Secretary) | 666 | 355,015.16 |
Reason for Sales: The transactions followed the vesting of shares allocated in previous years, dating back to 2019, as part of the Bonus and Retention Share Plan. Additionally, shares allocated in May 2019 under the Performance Share Plan were utilized to cover income tax obligations.
Selling Price: All sales were executed at a selling price of R533.0558 per share. The highest and lowest prices observed during the trading day were R535.56 and R529.60, respectively.
In compliance with the JSE Limited Listings Requirements, Kumba Iron Ore Limited, a subsidiary of Anglo American plc, disclosed significant on-market sales of securities by its directors and company secretary. The transactions, which occurred on March 1, 2024, saw a total value of millions of South African Rand exchanged.
Nature of Transactions: The sales involved the disposal of ordinary shares by key figures within the company. Here’s a breakdown of the transactions:
| Name | Number of Shares | Total Transaction Value (R) |
|---|---|---|
| Themba Moyeni Mkhwanazi | 19,615 | 10,455,889.52 |
| Nompumelelo Dessederia Zikalala | 514 | 273,990.68 |
| Bothwell Anesu Mazarura | 4,446 | 2,369,966.09 |
| Fazila Patel (Company Secretary) | 666 | 355,015.16 |
Reason for Sales: The transactions followed the vesting of shares allocated in previous years, dating back to 2019, as part of the Bonus and Retention Share Plan. Additionally, shares allocated in May 2019 under the Performance Share Plan were utilized to cover income tax obligations.
Selling Price: All sales were executed at a selling price of R533.0558 per share. The highest and lowest prices observed during the trading day were R535.56 and R529.60, respectively.
