CHAPTER 14:
People

14.5DIRECTORS' AND PRESCRIBED OFFICERS' REMUNERATION

14.5.1Remuneration policy

The remuneration and nomination committee has a defined mandate from the board of directors aimed at:

Ensuring that the chairman, directors and senior executives are fairly rewarded for their individual contributions to the group's overall performance
Ensuring that the remuneration strategies and packages, including the incentive schemes, are related to performance, are suitably competitive and give due regard to the interests of the shareholders and the financial and commercial health of the group

14.5.2Summary of remuneration

	NCOE/guaranteed remuneration plus circumstantial			Short term incentives	Long term incentives
2021	Basic salary R	Benefits and allowances¹ R	Retirement fund contributions R	Performance bonuses² R	Gains on management share schemes R
Executive directors
MDM Mgojo	6 947 131	291 500	662 456	4 079 336	22 856 637
Dr. N Tsengwa⁶	5 366 990	211 657	449 202	2 840 928	7 241 197
PA Koppeschaar	5 235 563	301 917	460 447	3 018 760	9 441 112
Total executive directors' remuneration	17 549 684	805 074	1 572 105	9 939 024	39 538 946
Prescribed officers
V Balgobind	3 204 409	60 225	244 952	1 520 708	4 526 565
AS De Angelis	2 986 668	60 442	216 365	1 414 066	4 214 814
JG Meyer	3 624 697	329 399	361 866	1 870 110	4 862 538
MI Mthenjane	3 667 531	93 883	306 820	1 762 768	5 324 051
AT Ndoni⁷	415 740		30 118	81 726
R Tatnall⁸	4 548 281	1 108 848
SE van Loggerenberg⁹	292 895	11 180	18 900
M Veti	3 664 113		348 495	1 738 666	5 308 035
Total prescribed officers' remuneration	22 404 334	1 663 977	1 527 516	8 388 044	24 236 003

	Other
2021	Exit payment paid R	Recognition³ R	Other⁴ R	Total remuneration R	Share-based payment expense⁵ R	Gains on management share schemes R	Total remuneration expense R
Executive directors
MDM Mgojo		49 760	130 722	35 017 542	13 350 626	(22 856 637)	25 511 531
Dr. N Tsengwa⁶		5 760		16 115 734	5 592 894	(7 241 197)	14 467 431
PA Koppeschaar		7 760		18 465 559	6 131 435	(9 441 112)	15 155 822
Total executive directors' remuneration		63 280	130 722	69 598 835	25 074 955	(39 538 946)	55 134 844
Prescribed officers
V Balgobind		5 760	16 336	9 578 955	2 617 682	(4 526 565)	7 670 072
AS De Angelis		5 760		8 898 115	1 846 234	(4 214 814)	6 529 515
JG Meyer		5 760		11 054 370	3 057 715	(4 862 538)	9 249 517
MI Mthenjane		9 460	44 974	11 209 487	2 807 310	(5 324 051)	8 692 746
AT Ndoni⁷			700 000	1 227 584	63 025		1 290 609
R Tatnall⁸				5 657 129			5 657 129
SE van Loggerenberg⁹	2 437 970		37 970	2 798 915	(850 361)		1 948 554
M Veti		5 760		11 065 069	2 998 662	(5 308 035)	8 755 696
Total prescribed officers' remuneration	2 437 970	32 500	799 280	61 489 624	12 540 267	(24 236 003)	49 793 888

2021	Fees for services R	Fees for services rendered to subsidiaries R	Total R
Non-executive directors
GJ Fraser-Moleketi	1 348 895		1 348 895
IN Malevu¹⁰	264 307		264 307
L Mbatha	667 102	61 184	728 286
VZ Mntambo	694 100	108 012	802 112
MJ Moffett¹¹	306 340	188 100	494 440
LI Mophatlane	923 897	46 234	970 131
MLB Msimang¹²	438 671		438 671
EJ Myburgh	1 217 809		1 217 809
V Nkonyeni	991 677	236 500	1 228 177
CJ Nxumalo¹³	616 741		616 741
MG Qhena (chairman)¹⁴	1 267 377		1 267 377
J van Rooyen¹⁵	878 214		878 214
PCCH Snyders	1 012 324		1 012 324
Total non-executive directors' remuneration	10 627 454	640 030	11 267 484

¹	Includes leave days purchased as well as travel and acting allowances.
²	All incentive schemes are performance related and were approved by the board of directors.
³	Includes long service awards, zero-fatality and LTIFR rewards.
⁴	Includes leave encashments and retention allowances.
⁵	Amount recognised for share-based payment expenses, in terms of IFRS 2, in respect of equity-settled share-based payment schemes for services rendered during the year. The employee will only be entitled to the options once all vesting conditions have been met.
⁶	Appointed to the board of directors on 16 March 2021.
⁷	Appointed on 1 November 2021.
⁸	Appointed on 10 March 2021, in terms of a fixed term employment contract.
⁹	Resigned on 18 February 2021.
¹⁰	Appointed on 22 June 2021.
¹¹	Resigned on 11 May 2021.
¹²	Appointed on 15 March 2021.
¹³	Appointed on 1 February 2021.
¹⁴	Appointed on 19 April 2021.
¹⁵	Retired on 27 May 2021.

Retirement amounts relate to defined contribution retirement funds.

	NCOE/guaranteed remuneration plus circumstantial			Short term incentives	Long term incentives
2020	Basic salary R	Benefits and allowances¹ R	Retirement fund contributions R	Performance bonuses² R	Gains on management share schemes R
Executive directors
MDM Mgojo	6 627 730	266 787	639 299	3 415 080	13 751 712
PA Koppeschaar	4 988 727	262 488	467 902	2 306 522	5 896 443
Total executive directors' remuneration	11 616 457	529 275	1 107 201	5 721 602	19 648 155
Prescribed officers
V Balgobind	3 027 366	118 379	274 075	1 054 332	2 991 185
AS De Angelis⁶	2 675 154	38 529	201 417	945 100
AW Diedericks	3 572 940	140 460	344 328	1 352 442	4 128 484
JG Meyer	3 523 117	325 578	356 873	1 401 716	4 129 899
MI Mthenjane	3 570 108	91 481	302 587	1 321 260	3 521 955
Dr. N Tsengwa	4 252 808	174 755	360 888	1 931 182	5 154 544
SE van Loggerenberg⁷	2 045 234	78 345	139 721	595 928	1 474 560
M Veti	3 557 153	9 132	343 687	1 303 196	3 431 710
Total prescribed officers' remuneration	26 223 880	976 659	2 323 576	9 905 156	24 832 337

	Other
2020	Recognition³ R	Other⁴ R	Total remuneration R	Exit payment accrual (TVP) R	Share-based payment expense⁵ R	Gains on management share schemes R	Total remuneration expense R
Executive directors
MDM Mgojo	2 500	139 086	24 842 194		13 313 854	(13 751 712)	24 404 336
PA Koppeschaar	2 500		13 924 582		6 074 786	(5 896 443)	14 102 925
Total executive directors' remuneration	5 000	139 086	38 766 776		19 388 640	(19 648 155)	38 507 261
Prescribed officers
V Balgobind	2 500	11 838	7 479 675		2 695 734	(2 991 185)	7 184 224
AS De Angelis⁶	2 500		3 862 700		1 679 588		5 542 288
AW Diedericks	2 500		9 541 154	390 197	3 401 050	(4 128 484)	9 203 917
JG Meyer	2 500		9 739 683		3 152 860	(4 129 899)	8 762 644
MI Mthenjane	2 500		8 809 891		2 962 797	(3 521 955)	8 250 733
Dr. N Tsengwa	2 500		11 876 677		4 637 600	(5 154 544)	11 359 733
SE van Loggerenberg⁷	2 500		4 336 288		1 337 987	(1 474 560)	4 199 715
M Veti	2 500		8 647 378		3 023 446	(3 431 710)	8 239 114
Total prescribed officers' remuneration	20 000	11 838	64 293 446	390 197	22 891 062	(24 832 337)	62 742 368

2020	Fees for services R	Benefits and allowances R	Total R
Non-executive directors
GJ Fraser-Moleketi	1 162 496		1 162 496
L Mbatha	582 337		582 337
VZ Mntambo	728 933		728 933
MJ Moffett	933 861		933 861
LI Mophatlane	819 174		819 174
EJ Myburgh	1 229 321		1 229 321
V Nkonyeni	959 545	2 059	961 604
J van Rooyen (chairman)	2 128 588		2 128 588
A Sing⁸	294 136		294 136
PCCH Snyders	879 159	1 067	880 226
Total non-executive directors' remuneration	9 717 550	3 126	9 720 676

¹	Includes leave days purchased as well as travel and acting allowances.
²	All incentive schemes are performance related and were approved by the board of directors.
³	Includes long service awards, zero-fatality and LTIFR rewards.
⁴	Includes leave encashments.
⁵	Amount recognised for share-based payment expenses, in terms of IFRS 2, in respect of equity-settled share-based payment schemes for services rendered during the year. The employee will only be entitled to the options once all vesting conditions have been met.
⁶	Appointed on 1 April 2020.
⁷	Resigned on 18 February 2021.
⁸	Retired on 28 May 2020.

Retirement amounts relate to defined contribution retirement funds.

14.5.3Interests in Exxaro shares

(i) Number of shares

	2021		2020
Directors at 31 December	Direct	Indirect	Direct	Indirect¹
Beneficial interests
PA Koppeschaar	63 781	11 415	63 091	11 701
MDM Mgojo	112 496	4 705 162	332 385	5 478 581
VZ Mntambo		4 448 839		4 448 839
Dr N Tsengwa	78 710	6 491

¹	2020 has been re-presented to include the DBP pledge shares which were inadvertently disclosed as non-beneficial indirect interests.

(ii) Percentages (direct and indirect)

Directors at 31 December	2021%	2020%
PA Koppeschaar	0.02	0.02
MDM Mgojo	1.38	1.62
VZ Mntambo	1.27	1.24
Dr N Tsengwa	0.02

There have been no changes in the directors' interests in Exxaro shares between the end of the financial year 2021 and the date on which the annual financial statements were approved.

14.5.4Share options and restricted share awards

The following options and rights in shares in the company were exercised or are outstanding in favour of directors and prescribed officers of the company under the company's share option schemes:

Management share scheme – LTIP

2021	Rights held at 31 December¹ Number	Exercisable period	Proceeds if exercisable at 31 December² R	Pre-tax gain if exercisable at 31 December² R	Modification during the year Number	Options exercised during the year Number	Shares forfeited³ Number	Sale price/ market price R	Pre-tax gain R	Date exercised
Executive directors
MDM Mgojo		01/04/2021				107 989	53 985	177.96	19 217 722	15/04/2021
		01/04/2021			5 248	3 499	1 749	174.39	610 191	23/09/2021
	115 569	01/04/2022	17 667 033	17 667 033	3 627
	181 029	01/04/2023	27 673 903	27 673 903	5 682
	106 300	01/04/2024	16 250 081	16 250 081
	402 898		61 591 017	61 591 017	14 557	111 488	55 734		19 827 913
Dr. N Tsengwa		01/04/2021				39 177	19 585	177.96	6 971 939	15/04/2021
		01/04/2021			1 904	1 270	634	174.39	221 475	23/09/2021
	42 320	01/04/2022	6 469 458	6 469 458	1 329
	66 289	01/04/2023	10 133 599	10 133 599	2 081
	80 115	01/04/2024	12 247 180	12 247 180
	188 724		28 850 237	28 850 237	5 314	40 447	20 219		7 193 414
PA Koppeschaar		01/04/2021				50 701	25 346	177.96	9 022 750	15/04/2021
		01/04/2021			2 464	1 643	821	174.39	286 523	23/09/2021
	54 310	01/04/2022	8 302 370	8 302 370	1 705
	85 072	01/04/2023	13 004 957	13 004 957	2 670
	49 954	01/04/2024	7 636 468	7 636 468
	189 336		28 943 795	28 943 795	6 839	52 344	26 167		9 309 273
Prescribed officers
V Balgobind		01/04/2021				21 434	10 714	177.96	3 814 395	15/04/2021
		01/04/2021			1 042	695	347	174.39	121 201	23/09/2021
	22 938	01/04/2022	3 506 532	3 506 532	720
	35 930	01/04/2023	5 492 619	5 492 619	1 128
	20 503	01/04/2024	3 134 294	3 134 294
	79 371		12 133 445	12 133 445	2 890	22 129	11 061		3 935 596
AS de Angelis		01/04/2021				9 954	4 976	177.96	1 771 414	15/04/2021
		01/04/2021				13 000	1 084	177.96	2 313 480	15/04/2021
		01/04/2021			457	422	35	174.39	73 593	23/09/2021
		01/04/2021			484	323	161	174.39	56 328	23/09/2021
	10 702	01/04/2022	1 636 015	1 636 015	336
	33 410	01/04/2023	5 107 387	5 107 387	1 049
	19 066	01/04/2024	2 914 619	2 914 619
	63 178		9 658 021	9 658 021	2 326	23 699	6 256		4 214 815
JG Meyer		01/04/2021				26 482	13 238	177.96	4 712 737	15/04/2021
		01/04/2021			1 287	859	428	174.39	149 801	23/09/2021
	28 209	01/04/2022	4 312 310	4 312 310	886
	44 185	01/04/2023	6 754 561	6 754 561	1 387
	25 214	01/04/2024	3 854 464	3 854 464
	97 608		14 921 335	14 921 335	3 560	27 341	13 666		4 862 538
MI Mthenjane		01/04/2021				25 318	12 657	177.96	4 505 591	15/04/2021
		01/04/2021			1 231	821	410	174.39	143 174	23/09/2021
	26 589	01/04/2022	4 064 660	4 064 660	835
	41 649	01/04/2023	6 366 883	6 366 883	1 308
	23 767	01/04/2024	3 633 261	3 633 261
	92 005		14 064 804	14 064 804	3 374	26 139	13 067		4 648 765
AT Ndoni	12 165	01/11/2024	1 859 664	1 859 664
	12 165		1 859 664	1 859 664
M Veti		01/04/2021				24 972	12 483	177.96	4 444 017	15/04/2021
		01/04/2021			1 214	810	404	174.39	141 256	23/09/2021
	26 226	01/04/2022	4 009 169	4 009 169	824
	41 080	01/04/2023	6 279 900	6 279 900	1 290
	23 442	01/04/2024	3 583 579	3 583 579
	90 748		13 872 648	13 872 648	3 328	25 782	12 887		4 585 273

¹	Option strike price is nil.
²	Based on a share price of R152.87 which prevailed on 31 December 2021.
³	Shares forfeited due to performance conditions not being fully met.

2020	Rights held at 31 December¹ Number	Exercisable period	Proceeds if exercisable at 31 December² R	Pre-tax gain if exercisable at 31 December² R	Options exercised during the year Number	Shares forfeited³ Number	Sale price/ market price R	Pre-tax gain R	Date exercised
Executive directors
MDM Mgojo		01/04/2020			136 871	11 418	99.25	13 584 447	01/04/2020
	161 974	01/04/2021	22 498 189	22 498 189
	111 942	01/04/2022	15 548 744	15 548 744
	175 347	01/04/2023	24 355 698	24 355 698
	449 263		62 402 631	62 402 631	136 871	11 418		13 584 447
PA Koppeschaar		01/04/2020			59 410	4 956	99.25	5 896 443	01/04/2020
	76 047	01/04/2021	10 562 928	10 562 928
	52 605	01/04/2022	7 306 835	7 306 835
	82 402	01/04/2023	11 445 638	11 445 638
	211 054		29 315 401	29 315 401	59 410	4 956		5 896 443
Prescribed officers
V Balgobind		01/04/2020			26 744	2 230	99.25	2 654 342	01/04/2020
	32 148	01/04/2021	4 465 357	4 465 357
	22 218	01/04/2022	3 086 080	3 086 080
	34 802	01/04/2023	4 833 998	4 833 998
	89 168		12 385 435	12 385 435	26 744	2 230		2 654 342
AS de Angelis	14 930	01/04/2021	2 073 777	2 073 777
	14 084	01/04/2021	1 956 268	1 956 268
	10 366	01/04/2022	1 439 837	1 439 837
	32 361	01/04/2023	4 494 943	4 494 943
	71 741		9 964 825	9 964 825
AW Diedericks		01/04/2020			33 804	2 819	99.25	3 355 047	01/04/2020
	38 687	01/04/2021	5 373 624	5 373 624
	26 362	01/04/2022	3 661 682	3 661 682
	41 293	01/04/2023	5 735 598	5 735 598
	106 342		14 770 904	14 770 904	33 804	2 819		3 355 047
JG Meyer		01/04/2020			33 804	2 819	99.25	3 355 047	01/04/2020
	39 720	01/04/2021	5 517 108	5 517 108
	27 323	01/04/2022	3 795 165	3 795 165
	42 798	01/04/2023	5 944 642	5 944 642
	109 841		15 256 915	15 256 915	33 804	2 819		3 355 047
MI Mthenjane		01/04/2020			33 181	2 767	99.25	3 293 214	01/04/2020
	37 975	01/04/2021	5 274 728	5 274 728
	25 754	01/04/2022	3 577 231	3 577 231
	40 341	01/04/2023	5 603 365	5 603 365
	104 070		14 455 324	14 455 324	33 181	2 767		3 293 214
Dr. N Tsengwa		01/04/2020			50 008	4 171	99.25	4 963 294	01/04/2020
	58 762	01/04/2021	8 162 042	8 162 042
	40 991	01/04/2022	5 693 650	5 693 650
	64 208	01/04/2023	8 918 491	8 918 491
	163 961		22 774 183	22 774 183	50 008	4 171		4 963 294
SE van Loggerenberg³		01/04/2020			6 057	505	99.25	601 157	01/04/2020
		01/10/2020			7 043	587	124.01	873 402	07/10/2020
	16 187	01/04/2021	2 248 374	2 248 374
	11 146	01/04/2022	1 548 179	1 548 179
	17 458	01/04/2023	2 424 916	2 424 916
	44 791		6 221 469	6 221 469	13 100	1 092		1 474 559
M Veti		01/04/2020			32 726	2 730	99.25	3 248 056	01/04/2020
	37 455	01/04/2021	5 202 500	5 202 500
	25 402	01/04/2022	3 528 338	3 528 338
	39 790	01/04/2023	5 526 831	5 526 831
	102 647		14 257 669	14 257 669	32 726	2 730		3 248 056

¹	Option strike price is nil.
²	Based on a share price of R138.90 which prevailed on 31 December 2020.
³	Shares forfeited due to performance conditions not being fully met.
⁴	Resigned on 18 February 2021.

Management share scheme – DBP

2021	Rights held at 31 December¹ Number	Exercisable period	Proceeds if exercisable at 31 December² R	Pre-tax gain if exercisable at 31 December² R	Modification during the year Number	Options exercised during the year Number	Sale price/ market price R	Pre-tax gain R	Date exercised
Executive directors
MDM Mgojo		09/03/2021				4 372	177.96	778 041	13/04/2021
		09/03/2021			142	142	174.39	24 763	23/09/2021
		31/03/2021				11 139	177.96	1 982 296	13/04/2021
		31/03/2021			361	361	174.39	62 955	23/09/2021
		31/08/2021			33	1 036	174.39	180 668	01/10/2021
	1 460	15/03/2022	223 190	223 190	46
	8 618	31/03/2022	1 317 434	1 317 434	271
	13 122	31/03/2023	2 005 960	2 005 960	412
	1 319	31/08/2023	201 636	201 636	42
	867	19/03/2024	132 538	132 538
	9 070	31/03/2024	1 386 531	1 386 531
	988	21/09/2024	151 036	151 036
	35 444		5 418 325	5 418 325	1 307	17 050		3 028 723
Dr. N Tsengwa		31/08/2021			9	274	174.39	47 783	01/10/2021
	536	15/03/2022	81 938	81 938	17
	2 436	31/03/2022	372 391	372 391	77
	432	31/08/2023	66 040	66 040	14
	589	19/03/2024	90 040	90 040
	2 770	31/03/2024	423 450	423 450
	6 763		1 033 859	1 033 859	117	274		47 783
PA Koppeschaar		31/08/2021			24	756	174.39	131 839	27/09/2021
	5 543	31/03/2022	847 358	847 358	174
	4 778	31/03/2023	730 413	730 413	150
	1 004	31/08/2023	153 481	153 481	32
	750	21/09/2024	114 653	114 653
	12 075		1 845 905	1 845 905	380	756		131 839
Prescribed officers
V Balgobind		09/03/2021				1 089	177.96	193 798	16/04/2021
		09/03/2021			36	36	174.39	6 278	23/09/2021
		31/03/2021				1 880	177.96	334 565	15/04/2021
		31/03/2021			61	61	174.39	10 638	23/09/2021
		31/08/2021			9	262	174.39	45 690	01/10/2021
	363	15/03/2022	55 492	55 492	12
	2 623	31/03/2022	400 978	400 978	83
	2 241	31/03/2023	342 582	342 582	71
	244	21/09/2024	37 300	37 300
	5 471		836 352	836 352	272	3 328		590 969
AS de Angelis	1 092	31/03/2023	166 934	166 934	35
	466	31/08/2023	71 237	71 237	15
	202	19/03/2024	30 880	30 880
	1 269	31/03/2024	193 992	193 992
	227	21/09/2024	34 701	34 701
	3 256		497 744	497 744	50
JG Meyer	4 942	31/03/2023	755 484	755 484	156
	301	21/09/2024	46 014	46 014
	5 243		801 498	801 498	156
MI Mthenjane		09/03/2021				1 346	177.96	239 534	13/04/2021
		09/03/2021			44	44	174.39	7 673	23/09/2021
		31/03/2021				2 331	177.96	414 825	13/04/2021
		31/03/2021			76	76	174.39	13 254	23/09/2021
					120	3 797		675 286
M Veti		09/03/2021				1 326	177.96	235 975	13/04/2021
		09/03/2021			43	43	174.39	7 499	23/09/2021
		31/03/2021				2 314	177.96	411 799	13/04/2021
		31/03/2021			75	75	174.39	13 079	23/09/2021
		31/08/2021			10	312	174.39	54 410	01/10/2021
	433	15/03/2022	66 193	66 193	14
	1 730	31/03/2022	264 465	264 465	55
	682	31/08/2023	104 257	104 257	22
	449	19/03/2024	68 639	68 639
	3 180	31/03/2024	486 127	486 127
	278	21/09/2024	42 498	42 498
	6 752		1 032 179	1 032 179	219	4 070		722 762

¹	Option strike price is nil.
²	Based on a share price of R152.87 which prevailed on 31 December 2021.

2020	Rights held at 31 December¹ Number	Exercisable period	Proceeds if exercisable at 31 December² R	Pre-tax gain if exercisable at 31 December² R	Options exercised during the year Number	Sale price/ market price R	Pre-tax gain R	Date exercised
Executive directors
MDM Mgojo		31/08/2020			1 209	138.35	167 265	01/09/2020
	4 372	09/03/2021	607 271	607 271
	11 139	31/03/2021	1 547 207	1 547 207
	1 003	31/08/2021	139 317	139 317
	1 414	15/03/2022	196 405	196 405
	8 347	31/03/2022	1 159 398	1 159 398
	12 710	31/03/2023	1 765 419	1 765 419
	1 277	31/08/2023	177 375	177 375
	40 262		5 592 392	5 592 392	1 209		167 265
PA Koppeschaar	732	31/08/2021	101 675	101 675
	5 369	31/03/2022	745 754	745 754
	4 628	31/03/2023	642 829	642 829
	972	31/03/2023	135 011	135 011
	11 701		1 625 269	1 625 269
Prescribed officers
V Balgobind		09/03/2020			1 054	104.33	109 964	24/03/2020
		31/03/2020			1 891	97.81	184 959	03/04/2020
		31/08/2020			303	138.35	41 920	08/09/2020
	1 089	09/03/2021	151 262	151 262
	1 880	31/03/2021	261 132	261 132
	253	31/08/2021	35 142	35 142
	351	15/03/2022	48 754	48 754
	2 540	31/03/2022	352 806	352 806
	2 170	31/03/2023	301 413	301 413
	8 283		1 150 509	1 150 509	3 248		336 843
AS de Angelis	1 057	31/03/2023	146 817	146 817
	451	31/08/2023	62 644	62 644
	1 508		209 461	209 461
AW Diedericks		09/03/2020			2 406	104.33	251 018	18/03/2020
		31/03/2020			4 368	97.81	427 234	01/04/2020
		31/08/2020			688	138.35	95 185	31/08/2020
	2 484	09/03/2021	345 028	345 028
	4 287	31/03/2021	595 464	595 464
	557	31/08/2021	77 367	77 367
	773	15/03/2022	107 370	107 370
	3 098	31/03/2022	430 312	430 312
	4 641	31/03/2023	644 635	644 635
	690	31/08/2023	95 841	95 841
	16 530		2 296 017	2 296 017	7 462		773 437
JG Meyer		09/03/2020			2 413	104.33	251 748	16/03/2020
		31/03/2020			4 375	97.81	427 919	01/04/2020
		31/08/2020			688	138.35	95 185	02/09/2020
	4 786	31/03/2023	664 775	664 775
	4 786		664 775	664 775	7 476		774 852
MI Mthenjane		09/03/2020			1 304	104.33	136 046	24/03/2020
		31/08/2020			670	138.35	92 695	08/09/2020
	1 346	09/03/2021	186 959	186 959
	2 331	31/03/2021	323 776	323 776
	3 677		510 735	510 735	1 974		228 741
Dr. N Tsengwa		09/03/2020			1 308	104.33	136 464	18/03/2020
		31/08/2020			396	138.35	54 787	09/09/2020
	265	31/08/2021	36 809	36 809
	519	15/03/2022	72 089	72 089
	2 359	31/03/2022	327 665	327 665
	418	31/08/2023	58 060	58 060
	3 561		494 623	494 623	1 704		191 251
M Veti		09/03/2020			1 271	104.33	132 603	23/03/2020
		31/08/2020			369	138.35	51 051	07/09/2020
	1 326	09/03/2021	184 181	184 181
	2 314	31/03/2021	321 415	321 415
	302	31/08/2021	41 948	41 948
	419	15/03/2022	58 199	58 199
	1 675	31/03/2022	232 658	232 658
	660	31/08/2023	91 674	91 674
	6 696		930 075	930 075	1 640		183 654

¹	Option strike price is nil.
²	Based on a share price of R138.90 which prevailed on 31 December 2020.

CHAPTER 14:People

(i) Number of shares

(ii) Percentages (direct and indirect)

Management share scheme – LTIP

Management share scheme – DBP

Generate your own report

CHAPTER 14:
People