AngloGold Executive follows CIP plans and deals securities

0

In terms of JSE Listings Requirement 3.63, AngloGold Ashanti has served notice that an Executive Director has dealt in ordinary shares of the Company, after having received clearance to do so in terms of JSE Listings Requirement 3.66.

download


The transactions were pursuant to a Co-Investment Plan (CIP) for the Company’s executives.

In terms of the CIP, executives are allowed to apply up to 50% of their after tax cash bonus to purchase AngloGold Ashanti ordinary shares.

The Company then matches their investment at 150% through an on-market purchase of shares, with vesting over a two-year period in two equal tranches.

The first vesting date being the anniversary of the date on which the executive purchased the shares and the second vesting date being the second anniversary of the date on which the executive purchased the shares.

The Executive Director opted to participate in the CIP in 2015. This being the first anniversary of the date on which the Executive Director purchased the shares in 2015, the Company has purchased and allocated matching shares to the Executive Directors as detailed in the pdf file attached above.

Source: http://classfmonline.com/1.8720197

Send your news stories to newsghana101@gmail.com and via WhatsApp on +233 244244807 Follow News Ghana on Google News

LEAVE A REPLY

Please enter your comment!
Please enter your name here