Comprehensive  Ghana Oil and Gas news, information, updates, analysis


News in Brief

AngloGold exec deals in securities

  • SOURCE: | Editor
  • downloadIn 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.


    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

    Share this article

    Leave a reply

    Personality of the Month
    Poll

    Do You Think ExxonMobil's Arrival Is Going To Make Significant Contribution Towards Our Oil Sector?

    Follow Us Online
    About Us
    Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes (www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
    Events Calendar
    << Dec 2018 >>
    MTWTFSS
    26 27 28 29 30 1 2
    3 4 5 6 7 8 9
    10 11 12 13 14 15 16
    17 18 19 20 21 22 23
    24 25 26 27 28 29 30
    31 1 2 3 4 5 6
    Twitter Activity Stream
     

    Partners We are proud to be associated with:

    Skip to toolbar