Bokoni Platinum Mine ESOP Trust definition

Bokoni Platinum Mine ESOP Trust means the share ownership trust established for the benefit of employees of New Opco, governed by a trust deed entered into between Anglo Platinum, as founder, Anooraq, Meroonisha Pillay, as trustee, and Mmakgolo Meta Maponya, as trustee, dated May 13, 2009;
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Bokoni Platinum Mine ESOP Trust means the share ownership trust established for the benefit of employees of Opco, governed by a trust deed entered into between Anglo Platinum, as founder, the Parent, Meroonisha Pillay, as trustee and Mmakgolo Meta Maponya, as trustee, dated on or about 28 March 2008.
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Examples of Bokoni Platinum Mine ESOP Trust in a sentence

  • Restricted cash – ESOP Trust265,293535,502 Restricted cash consist of cash and cash equivalents held by the Bokoni Platinum Mine ESOP Trust, which is not available to fund operations.

  • Closing of Private PlacementIn connection with the transaction, Anooraq announces the closing of the private placement previously announced on May 14, 2009 whereby the Bokoni Platinum Mine ESOP Trust and the Anooraq Community Trust subscribed for an aggregate of 14,296,567 common shares of Anooraq (the “Private Placement Shares”).

  • When Atlatsa acquired Bokoni, Anglo Platinum and Atlatsa replaced the Kotula Scheme with the Bokoni Platinum Mine ESOP Trust (“ESOP Trust”), which has similar participation benefits to the Kotula Scheme.

  • Restricted cash – ESOP Trust535,502786,291 Restricted cash consist of cash and cash equivalents held by the Bokoni Platinum Mine ESOP Trust, a consolidated SPE, which is not available to fund operations.

  • The Bokoni Platinum Mine ESOP Trust will enable the employees of New Opco to participate in a share incentive scheme comparable to the Anglo Platinum Kotula scheme in which they participated as employees of the Anglo Platinum group of companies.

  • Our panel solicitors are one of the country’s leading law firms with expertise in all areas where assistance is likely to be required.If you would like to make use of the service please contact the number above for an initial telephone consultation which will be provided at no cost to you.Our panel solicitors will give you a quotation for the likely cost of their representation and it will then be your decision whether you appoint them to act for you.

  • When Atlatsa acquired Bokoni, Anglo American Platinum Limited and Atlatsa replaced the Kotula Scheme with the Bokoni Platinum Mine ESOP Trust (“ESOP Trust”), which has similar participation benefits to the Kotula Scheme.

  • Such participation units entitle employees to receive income and capital distributions in accordance with the trust deed establishing the Bokoni Platinum Mine ESOP Trust.

  • Anglo Platinum will contribute an amount of approximately ZAR 45.7 million to the Bokoni Platinum Mine ESOP Trust to facilitate its establishment, and approximately ZAR 36.5 million of this amount will be utilized by the Bokoni Platinum Mine ESOP Trust to subscribe for Common Shares.

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