Filed by AngloGold Ashanti Limited
This communication is filed pursuant to Rule 425 under The Securities Act
of 1933, as amended.
Subject Company: Golden Cycle Gold Corporation
Commission File Number: 333-149068
news release
AngloGold Ashanti Limited \ (Incorporated in the Republic of South Africa)
(Reg. No.1944/017354/06) \ ISIN Number: ZAE000043485
Corporate Affairs Department: \ 3rd Floor \ 76 Jeppe Street \ Johannesburg \ 2001 \ South Africa
Tel +27 (0)11 637 6317 \ Fax +27 (0)11 637 6399/6400 \ www.AngloGoldAshanti.com
GRANTING OF OPTIONS TO DIRECTORS AND COMPANY SECRETARIAL PERSONNEL OF
ANGLOGOLD ASHANTI LIMITED IN TERMS OF THE ANGLOGOLD SHARE INCENTIVE SCHEME
In terms of JSE Listings Requirement 3.63 we hereby provide the following information regarding the granting of
options by the Company in terms of the AngloGold Share Incentive Scheme to directors and company secretarial
personnel.
Date of notification
:
17 March 2008
Date of grant
:
29 February 2008
Vesting date
:
29 February 2011
On 29 April 2005, shareholders approved the introduction of two new
incentive plans, the key terms of which were disclosed. The bonus share
plan provides for the vesting of awards, in full, three years from date of
service, provided that the participant is still in the employ of the company
at the date of vesting. Awards granted in terms of the long-term
incentive plan vests three years after date of service, to the extent that
the performance conditions, under which the awards were granted, are
met. Any awards not exercised by 29 February 2018 will lapse.
Strike price
:
NIL cost to participant
Class of security
:
Awards to acquire ordinary shares
Type of interest
:
Direct beneficial
Clearance was obtained in terms of 3.66 of the JSE Listings Requirements.
Name Designation
Bonus Share
Plan
Long-Term
Incentive Plan
Cutifani : M
Director and CEO
3,607
32,982
Venkatakrishnan : S
Director and CFO
6,417
20,595
Simelane : YZ
Vice President – compliance and corporate
administration
1,586
7,522
Eatwell : L
Company Secretary
359
4,044
11,969
65,143
Total awards granted to directors and company secretarial personnel
The awards granted above form part of a total award grant of
366,192
347,366
Number of participants
1,479
82
Market value per award at date of grant
R267.05
R267.05
Johannesburg
18 March 2008
JSE Sponsor : UBS Limited