Anglogold Ashanti Ltd. (AGA), the world's third largest gold producer, is granting options to its directors and company secretarial personnel as part of its share incentive scheme.
The company is granting a total of 19,879 shares in Bonus Share Incentive and 67,933 in Long-Term Plan Incentive, all at US$45.15 per share to four directors and two company secretarial personnel.
A Director, R.M. Godsell has been awarded 7,453 and 25,087 shares in bonus and long-term incentives respectively. Three others, R. Carvalho Silva, N.F. Nicolan and S. Vankatakrishnan have been awarded 3,618 and 12,188 each in bonus and long-term incentives.
Y.Z. Simeline, the Managing Secretary has been awarded 1,199 bonus shares and 4,873 long-term incentive shares, and L. Eatwell, Company Secretary has been awarded 373 bonus shares and 1,409 long-term incentive shares.
The transaction which took place in line with Johannesburg Stock Exchange Listing Requirements was announced on the Ghana Stock Exchange (GSE) last week.
AGA operates in 11 countries, and is listed on the London, New York and Australian Stock Exchanges aside the GSE and Johannesburg, where it is headquartered.
To qualify for the bonus share incentive, a participant should have served for thre13 years and be in the employ of the company on the vesting date, April 26, 2005, while more than three years service was necessary for the long-term incentive.
Any awards not exercised by January 12017 will lapse.
AGA has in issue 4,185,770 E ordinary shares, 278,236,153 ordinary shares at US$0.035 each, two million redeemable shares at US$O.07 each and 778,896 irredeemable shares.
AGA got listed on the GSE in April 2004 following the merger between Anglo Gold Ltd. of South Africa and Ashanti Goldfields Company of Ghana in the same year.
Credit: Business & Financial Times
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
UCL: Vinicius hattrick gives Real Madrid comeback win over Dortmund
12 mins -
Understanding the necessity of new GES academic calendar for second cycle institutions
21 mins -
Ex-Abercrombie CEO charged with running sex trafficking ring
1 hour -
Kasoa ritual murder case: Absentee juror fined
1 hour -
Police offer GH¢20K reward for arrest of armed suspect in Mamobi political clash
1 hour -
Blade Runner 2049 maker sues Musk over robotaxi images
2 hours -
Vacant seat controversy: NDC commends Speaker Bagbin for displaying ‘maturity’ at Tuesday’s proceeding
2 hours -
Akatsi North chiefs honour “Next President” Bawumia
2 hours -
AbrahamTheLion debuts spiritually charged EP, ‘Warrior Kings & Priests’
2 hours -
Parliament brouhaha: This matter is far from over – Dafeamekpor
3 hours -
Clerk of Parliament hasn’t arranged seats; NPP majority position still stands – Habib Iddrisu
3 hours -
We’re engaging international partners to deploy service personnel abroad – National Service Authority
3 hours -
Ghanaians to use VFSGlobal for UK Visa applications from October 22
4 hours -
2024 election: Cynthia Morrison to still contest as Independent candidate
4 hours -
NAPO assures Christian Council of NPP’s commitment to fight galamsey
4 hours