21 Feb 2018 16:48
LEI: 213800FGJZ2WAC6Y2L94
21 February 2018
Lonmin Plc
PDMR shareholding
Pursuant to Article 19 of the EU Market Abuse Regulation, Lonmin Plc (the "Company") provides notification of the vesting of nil-cost share awards granted on 29 September 2014 under the Company's Long Term Incentive Plan ("LTIP Awards") to Executive Vice Presidents Tanya Chikanza and Mike Da Costa and sale of shares to fund the associated tax liability arising from the vesting.
Name of PDMR | Name of award/date of grant | Number of award shares | Number of shares sold | Number of shares retained | Sale price (GBP) |
Mike Da Costa | LTIP - 29 September 2014 | 2,922 | 1,224 | 1,698 | 0.7767
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Tanya Chikanza | LTIP - 29 September 2014 | 2,660 | 1,223 | 1,437 | 0.7767
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The notification forms below, made in accordance with the EU Market Abuse Regulation, provide further detail.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Mike Da Costa | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Executive Vice President | ||||||
b) | Initial notification/amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Lonmin Plc | ||||||
b) | LEI | 213800FGJZ2WAC6Y2L94 | ||||||
4 | Details of the transaction (s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary Shares of $0.0001 each
ISIN: GB00BYSRJ698 | ||||||
b) | Nature of the transaction | Vesting of LTIP award for 2,922 shares followed by sale of 1,224 shares to settle income tax liability and retention of 1,698 shares
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c) | Prices(s) and volume(s) |
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d) | Aggregated information |
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e) | Date of the transaction | 2018-02-20 | ||||||
f) | Place of the transaction | London Stock Exchange | ||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
a) | Name | Tanya Chikanza | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Executive Vice President | ||||||
b) | Initial notification/amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Lonmin Plc | ||||||
b) | LEI | 213800FGJZ2WAC6Y2L94 | ||||||
4 | Details of the transaction (s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
a) | Description of the financial instrument, type of instrument
Identification code | Ordinary Shares of $0.0001 each
ISIN: GB00BYSRJ698 | ||||||
b) | Nature of the transaction | Vesting of LTIP award for 2,660 shares followed by sale of 1,223 shares to settle income tax liability and retention of 1,437 shares | ||||||
c) | Prices(s) and volume(s) |
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d) | Aggregated information |
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e) | Date of the transaction | 2018-02-20 | ||||||
f) | Place of the transaction | London Stock Exchange | ||||||
END
Lonmin (LMI)