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Dealings by Directors and Prescribed Officers

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Johannesburg, 11 November 2020. Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW) in compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements ("the Listings Requirements") hereby advises shareholders that Messrs NJ Froneman and C Keyter, Chief Executive Officer and Chief Financial Officer of Sibanye Stillwater Limited have retained and/ or sold Bonus Shares which were granted on 1 March 2019 (“the Grant Date”) in terms of The Sibanye-Stillwater Limited 2017 Share Plan. Bonus Shares awarded to Messrs Froneman and Keyter were sold in order to settle the associated tax liability.   

 

Name

NJ Froneman

Position

Chief Executive Officer

Company

Sibanye Stillwater Limited

Nature of interest

Direct and Beneficial

Nature of transaction

Retention of bonus shares awarded on 1 March 2019

Transaction Date   

9 November 2020

Number of Shares   

78 188

Class of Security  

Ordinary Shares

Market Price per share:

Low –

High –

sell price -

 

R56.4374

R56.4374

R56.4374

Total Value       

R4 412 727,43

Vesting Period   

Vest in equal parts on 9 months and 18 months of the Grant Date

 

Name

NJ Froneman

Position

Chief Executive Officer

Company

Sibanye Stillwater Limited

Nature of interest

Direct and Beneficial

Nature of transaction

On market sale of bonus shares to cover associated tax liability

Transaction Date   

9 November 2020

Number of Shares   

67 956

Class of Security  

Ordinary shares

Market Price per share:

Low –

High –

sell price -

 

R52.3500

R57.6500

R56.4374

Total Value       

R3 835 259,95

Vesting Period   

Vest in equal parts on 9 months and 18 months of the Grant Date

Name

NJ Froneman

Position

Chief Executive Officer

Company

Sibanye Stillwater Limited

Nature of interest

Direct and Beneficial

Nature of transaction

Retention of bonus shares awarded on 1 March 2019

Transaction Date   

10 November 2020

Number of Shares   

7 024

Class of Security  

ADR

Market Price per share:

Low –

High –

sell price -

 

USD 13.23

USD 13.86

USD 13.75

Total Value       

USD 96 580

Vesting Period   

Vest in equal parts on 9 months and 18 months of the Grant Date

 

Name

NJ Froneman

Position

Chief Executive Officer

Company

Sibanye Stillwater Limited

Nature of interest

Direct and Beneficial

Nature of transaction

On market sale of bonus shares to cover associated tax liability

Transaction Date   

10 November 2020

Number of Shares   

3 422

Class of Security  

ADR

Market Price per share:

Low –

High –

sell price -

 

USD 13.23

USD 13.86

USD 13.75

Total Value       

USD 47 052,50

Vesting Period   

Vest in equal parts on 9 months and 18 months of the Grant Date

 

Name

C Keyter

Position

Chief Financial Officer

Company

Sibanye Stillwater Limited

Nature of interest

Direct and Beneficial

Nature of transaction

Retention of bonus shares awarded on 1 March 2019

Transaction Date   

9 November 2020

Number of Shares   

49 227

Class of Security  

Ordinary Shares

Market Price per share:

Low –

High –

sell price -

 

R56.4374

R56.4374

R56.4374

Total Value       

R2 778 243,89

Vesting Period   

Vest in equal parts on 9 months and 18 months of the Grant Date

 

Name

C Keyter

Position

Chief Financial Officer

Company

Sibanye Stillwater Limited

Nature of interest

Direct and Beneficial

Nature of transaction

On market sale of bonus shares to cover associated tax liability

Transaction Date   

9 November 2020

Number of Shares   

42 786

Class of Security  

Ordinary shares

Market Price per share:

Low –

High –

sell price -

 

R52.3500

R57.6500

R56.4374

Total Value       

R2 414 730,60

Vesting Period   

Vest in equal parts on 9 months and 18 months of the Grant Date

 

 

Dealing in securities by prescribed officers of the Company

 

In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements, shareholders are further advised that the following prescribed officers of the Company have retained and/ or sold Bonus Shares which were granted on 1 March 2019 (“the Grant Date”) in terms of The Sibanye-Stillwater Limited 2017 Share Plan.

 

Name

R van Niekerk

Position

EVP: Technical Services

Company

Sibanye Stillwater Limited

Nature of interest

Direct and Beneficial

Nature of transaction

Retention of bonus shares awarded on 1 March 2019

Transaction Date   

9 November 2020

Number of Shares   

37 427

Class of Security  

Ordinary Shares

Market Price per share:

Low –

High –

sell price -

 

R56.4374

R56.4374

R56.4374

Total Value       

R2 112 282,5698

Vesting Period   

Vest in equal parts on 9 months and 18 months of the Grant Date

 

Name

R van Niekerk

Position

EVP: Technical Services

Company

Sibanye Stillwater Limited

Nature of interest

Direct and Beneficial

Nature of transaction

On market sale of bonus shares to cover associated tax liability

Transaction Date   

9 November 2020

Number of Shares   

32 529

Class of Security  

Ordinary shares

Market Price per share:

Low –

High –

sell price -

 

R52.3500

R57.6500

R56.4374

Total Value       

R1 835 852,18

Vesting Period   

Vest in equal parts on 9 months and 18 months of the Grant Date

 

Name

S Bessit

Position

EVP: SA Gold Segment

Company

Sibanye Stillwater Limited

Nature of interest

Direct and Beneficial

Nature of transaction

On market sale of bonus shares

Transaction Date   

9 November 2020

Number of Shares   

40 315

Class of Security  

Ordinary shares

Market Price per share:

Low –

High –

sell price -

 

R52.3500

R57.6500

R56.4374

Total Value       

R2 275 273,78

Vesting Period   

Vest in equal parts on 9 months and 18 months of the Grant Date

 

Name

JD Mostert

Position

EVP: Organisational Growth

Company

Sibanye Stillwater Limited

Nature of interest

Direct and Beneficial

Nature of transaction

On market sale of bonus shares

Transaction Date   

9 November 2020

Number of Shares   

51 077

Class of Security  

Ordinary shares

Market Price per share:

Low –

High –

sell price -

 

R52.3500

R57.6500

R56.4374

Total Value       

R2 882 653,08

Vesting Period   

Vest in equal parts on 9 months and 18 months of the Grant Date

 

Name

TG Nkosi

Position

EVP: Corporate Affairs

Company

Sibanye Stillwater Limited

Nature of interest

Direct and Beneficial

Nature of transaction

On market sale of bonus shares

Transaction Date   

9 November 2020

Number of Shares   

43 635

Class of Security  

Ordinary shares

Market Price per share:

Low –

High –

sell price -

 

R52.3500

R57.6500

R56.4374

Total Value       

R2 462 645,95

Vesting Period   

Vest in equal parts on 9 months and 18 months of the Grant Date

 

 

Name

WDR Robinson

Position

EVP: US PGM Segment

Company

Sibanye Stillwater Limited

Nature of interest

Direct and Beneficial

Nature of transaction

On market sale of bonus shares

Transaction Date   

9 November 2020

Number of Shares   

52 984

Class of Security  

Ordinary shares

Market Price per share:

Low –

High –

sell price -

 

R52.3500

R57.6500

R56.4374

Total Value       

R2 990 279,20

Vesting Period   

Vest in equal parts on 9 months and 18 months of the Grant Date

 

 

Dealing in securities by a director of major subsidiaries

 

In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements, shareholders are further advised that the director of a major subsidiary of Sibanye-Stillwater being Mr Richard Stewart, Executive Director Stillwater Mining Company traded as follows:

 

Name

RA Stewart

Position

EVP: Business Development

Company

Sibanye Stillwater Limited

Nature of interest

Direct and Beneficial

Nature of transaction

On market sale of bonus shares

Transaction Date   

9 November 2020

Number of Shares   

54 296

Class of Security  

Ordinary shares

Market Price per share:

Low –

High –

sell price -

 

R52.3500

R57.6500

R56.4374

Total Value       

R3 064 325,07

Vesting Period   

Vest in equal parts on 9 months and 18 months of the Grant Date

 

Name

RA Stewart

Position

EVP: Business Development

Company

Sibanye Stillwater Limited

Nature of interest

Direct and Beneficial

Nature of transaction

On market sale of shares

Transaction Date   

9 November 2020

Number of Shares   

140 000

Class of Security  

Ordinary shares

Market Price per share:

R57.00

Total Value       

R7 980 000,00

 

In terms of paragraph 3.66 of the Listings Requirements, the necessary clearance to deal in the above securities has been obtained.

Ends. 

Investor relations contact:

Email: [email protected]

James Wellsted

Head of Investor Relations

Tel: +27 (0) 83 453 4014

Sponsor: J.P. Morgan Equities South Africa Proprietary Limited

Website: www.sibanyestillwater.com

 

In Europe:

Swiss Resource Capital AG

Jochen Staiger

[email protected]

www.resource-capital.ch

 

 

FORWARD LOOKING STATEMENTS

The information in this announcement may contain forward-looking statements within the meaning of the “safe harbour” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements, including, among others, those relating to Sibanye Stillwater Limited’s (“Sibanye-Stillwater” or the “Group”) financial positions, business strategies, plans and objectives of management for future operations, are necessarily estimates reflecting the best judgment of the senior management and directors of Sibanye-Stillwater. All statements other than statements of historical facts included in this announcement may be forward-looking statements. Forward-looking statements also often use words such as “will”, “forecast”, “potential”, “estimate”, “expect” and words of similar meaning. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances and should be considered in light of various important factors, including those set forth in this disclaimer. Readers are cautioned not to place undue reliance on such statements. The important factors that could cause Sibanye-Stillwater’s actual results, performance or achievements to differ materially from those in the forward-looking statements include, among others, our future business prospects; financial positions; debt position and our ability to reduce debt leverage; business, political and social conditions in the United States, South Africa, Zimbabwe and elsewhere; plans and objectives of management for future operations; our ability to obtain the benefits of any streaming arrangements or pipeline financing; our ability to service our bond instruments; changes in assumptions underlying Sibanye-Stillwater’s estimation of their current mineral reserves and resources; the ability to achieve anticipated efficiencies and other cost savings in connection with past, ongoing and future acquisitions, as well as at existing operations; our ability to achieve steady state production at the Blitz project; the success of Sibanye-Stillwater’s business strategy; exploration and development activities; the ability of Sibanye-Stillwater to comply with requirements that they operate in a sustainable manner; changes in the market price of gold, PGMs and/or uranium; the occurrence of hazards associated with underground and surface gold, PGMs and uranium mining; the occurrence of labour disruptions and industrial action; the availability, terms and deployment of capital or credit; changes in relevant government regulations, particularly environmental, tax, health and safety regulations and new legislation affecting water, mining, mineral rights and business ownership, including any interpretations thereof which may be subject to dispute; the outcome and consequence of any potential or pending litigation or regulatory proceedings or other environmental, health and safety issues; power disruptions, constraints and cost increases; supply chain shortages and increases in the price of production inputs; fluctuations in exchange rates, currency devaluations, inflation and other macro-economic monetary policies; the occurrence of temporary stoppages of mines for safety incidents and unplanned maintenance; the ability to hire and retain senior management or sufficient technically skilled employees, as well as their ability to achieve sufficient representation of historically disadvantaged South Africans in management positions; failure of information technology and communications systems; the adequacy of insurance coverage; any social unrest, sickness or natural or man-made disaster at informal settlements in the vicinity of some of Sibanye-Stillwater’s operations; and the impact of HIV, tuberculosis and the spread of other contagious diseases, such as coronavirus (“COVID-19”). Further details of potential risks and uncertainties affecting Sibanye-Stillwater are described in Sibanye-Stillwater’s filings with the Johannesburg Stock Exchange and the United States Securities and Exchange Commission. These forward-looking statements speak only as of the date of the content. Sibanye-Stillwater expressly disclaims any obligation or undertaking to update or revise any forward-looking statement (except to the extent legally required).

 

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Always up to date with the newsletter from SRC

Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at [email protected] We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

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