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Anglo American PLC  -  AAL   

Director/PDMR Shareholding

Released 11:53 01-May-2013

RNS Number : 7476D
Anglo American PLC
01 May 2013
 

 

 

Anglo American plc (the "Company")

 

Registered office: 20 Carlton House Terrace, London, SW1Y 5AN

Registered number: 3564138

 

 

Mark Cutifani - Share Interests

 

As reported in the Directors' Remuneration Report in the Anglo American plc Annual Report 2012, the Company has made an award of shares to Mark Cutifani, its Chief Executive, on 30 April 2013, in compensation for the loss of incentives from his previous employer AngloGold Ashanti.   As set out in the Directors' Remuneration Report, the Company commissioned a third-party valuation to determine the extent to which the AngloGold Ashanti performance conditions were likely to be achieved, so that the compensatory award could, as far as possible, be made on a comparable basis.

 

The award comprises 132,208 Anglo American plc ordinary shares which will vest, subject to Mr Cutifani's continued appointment as Chief Executive, in four tranches over the next three years, as follows:

 

51,680 shares in February 2014

9,983 shares in May 2014

67,475 shares in February 2015

3,070 shares in February 2016   

 

The notification of these transactions is to satisfy the Company's obligations under the Financial Conduct Authority Disclosure and Transparency Rules 3.1.2 to 3.1.4.

 

 

 

N Jordan

Company Secretary

1 May 2013

 

 

 

 

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Director/PDMR Shareholding - RNS