news release
AngloGold Ashanti Limited \ (Incorporated in the Republic of South Africa)
(Reg. No.1944/017354/06) \ ISIN Number: ZAE000043485 \ JSE Share Code: ANG
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
:
23 February 2010
Date of grant
:
23 February 2010
On 29 April 2005 (as amended on 2 May 2008), 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
two tranches – 40% in year one from date of grant and 60% in year two.
If however during years one and two, no options were exercised, then an
additional 20% of awards granted will be issued and be fully vested three
years from date of grant, provided that the participant is still in the
employ of the company at the dates of vesting. Awards granted in terms
of the long-term incentive plan (LTIP) vests three years after date of
grant, to the extent that the performance conditions, under which the
awards were granted, are met. LTIP awards vest on 23 February 2013.
Any awards not exercised within 10 years from date of grant will lapse.
Strike price
:
NIL cost to participant in accordance with the rules of the above plans
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
Market Value at
date of award
Cutifani : M
Director and CEO 27,146
50,548
R21,824,244.60
Venkatakrishnan : S Director and CFO
15,074
25,543
R11,409,315.30
Eatwell : L
Company Secretary
1,002
2,109
R873,879.90
Total awards granted to directors and company secretarial
personnel
43,222
78,200
R34,107,439.80
The awards granted above form part of a total award grant of
805,211
655,808
R410,400,237.10
Number of participants
1,571
107
Market value per award at date of grant
R280.90
R280.90
Total number of ordinary shares currently held by the CEO,
CFO and Company Secretary is 10,000; 10,351 and 130,
respectively.
Johannesburg
23 February 2010
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