[miningmx.com] — ANGLOGOLD Ashanti CEO Mark Cutifani on Monday netted R13.7m in company shares in terms of the gold producer’s incentive scheme for senior executives.
Cutifani exercised an option to acquire 86,293 shares – granted between 2008 and 2009 – with a value of R22.9m. He subsequently sold 34,601 shares, at R265.90 each, for R9.2m to cover the related tax liability.
Under a similar arrangement, CFO Srinivasan Venkatakrishan netted R11.2m in company shares.
