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Johannesburg - Harmony Gold Mining Company [JSE:HAR] has
introduced an employee share ownership plan to benefit around 33 000 employees,
the miner said on Thursday.
"All non-management employees will benefit from the
scheme, with the only determining factor being length of service," Harmony
said in a statement.
Based on the number of shares in issue on 31 December 2011,
the Harmony shares available for issue in terms of the employee share ownership
plan (ESOP) could make up around 2.9% of the company.
"This plan not only benefits our employees, but has
also demonstrated and enhanced the company's close relationships with our
unions," said Harmony CEO Graham Briggs.
Trade unions, the National Union of Mineworkers (Num), Uasa
and Solidarity, were involved in ironing out the details of the deal with
discussions starting in 2010.
"Num believes each and every employee at Harmony to be
deserving of a portion of the success to which they contribute.
"I'm pleased at the company's acknowledgement of this fact," said Num general secretary Frans Baleni.
