REGULATORY ANNOUNCEMENT
Notification of transactions of directors, persons discharging managerial responsibility or connected persons
Zug, 3 December 2012
1. Name of the issuerXstrata plc
2. State whether the notification relates to (i) a transaction notified in accordance with DTR 3.1.2R; or (ii) a disclosure made in accordance with section 793 of the Companies Act 2006Notification relates to a transaction notified in accordance with DTR 3.1.2R
3. Name of directorSantiago Zaldumbide
4. State whether notification relates to a person connected with the director named in 3.Notification does not relate to a person connected with the director
5. Description of shares (including class)Ordinary shares of US$0.50 each ("shares") in Xstrata plc
6. State the nature of the transactions
i) (a) The exercise of 743,920 options granted on 12 March 2009 under the Xstrata Long Term Incentive Plan at the option price of £3.3475 per share and the sale of such shares at £10.2531 per share; and (b) The exercise of 58,149 nil cost options on shares granted under the Xstrata Executive Committee Annual Bonus Plan and the sale of such shares at £10.2531 per share.
ii) The sale of 258,126 shares at £10.2346
Since November 2011, Xstrata has been in a "prohibited period" for the purposes of the Model Code and, as a result, Mr Zaldumbide has been restricted from exercising any of his options over, or awards in respect of, Xstrata shares and from otherwise dealing in Xstrata shares. This "prohibited period" ended following the conclusion of the Xstrata shareholder meetings on Tuesday, 20 November 2012 and the announcement by the European Commission on Thursday, 22 November 2012 that it has cleared under the EU Merger Regulation the proposed acquisition of Xstrata by Glencore. The (i) exercise by Mr Zaldumbide of the options over Xstrata shares referred to above, and his instruction to the trustee of Xstrata's employee share ownership trust to immediately sell the shares arising from such exercise and (ii) the sale of the 258,126 Xstrata shares also referred to above (which vested under the terms of Xstrata Long-Term Incentive Plan and Annual Bonus Plan), is, in each case, part of a regular portfolio management exercise undertaken by Mr Zaldumbide.
2 | Xstrata plc Regulatory Announcement
7. Date and place of transactions29 November 2012 - London
8. Date issuer informed of transactions3 December 2012
Name of duly authorised officer of issuer responsible for making notificationRichard P Elliston
9. Date of Notification3 December 2012
End
Neither the content of the company's website nor the content of any other website accessible from hyperlinks on the company's website is incorporated into, or forms part of, this announcement
Xstrata contacts:
Alison Flynn Richard Elliston
Telephone | +44 20 7968 2838 | Telephone | +44 20 7968 2885 |
Mobile | +44 20 7769 314 374 | Mobile | +44 20 7759 924 576 |
Email www.xstrata.com | aflynn@xstrata.com | relliston@xstrata.com |
Notes to editors
About Xstrata plc
We are a major producer of a range of vital commodities used in everything from constructing buildings and delivering electricity, to developing jet engines and mobile phones. We are one of the top five global producers of copper, thermal and metallurgical coal, ferrochrome, zinc and nickel and we also produce silver, lead, platinum, gold, cobalt and vanadium.
Founded in 2002 and headquartered in Switzerland, we operate in over 20 countries and employ over
70,000 people at more than 100 operations and projects around the world. We work in a responsible and sustainable way, with an entrepreneurial spirit and dynamic approach. For more information, visit www.xstrata.com.
distributed by |