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Johannesburg, 5 December 2019: Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL - https://www.youtube.com/watch?v=BMHC2CYYtHg ) in compliance with paragraphs 3.63 to 3.74 of the Listings Requirements of the JSE Limited ("the Listings Requirements") hereby advises shareholders that Messrs NJ Froneman and C Keyter, Chief Executive Officer and Chief Financial Officer of Sibanye Gold Limited have retained and/ or sold Bonus Shares which were granted on 1 March 2019 (“the Grant Date”) in terms of The Sibanye Gold 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 Gold Limited

Nature of interest

Direct and Beneficial

Nature of transaction

On market sale of bonus shares to cover associated tax liability

Transaction Date   

2 December 2019

Number of Shares   

67 956

Class of Security  

Ordinary shares

 Market Price per share:
 Low – 
 High – 

sell price -

  
 R28.8500
 R29.4500

R29.1701

Total Value       

R1 982 283.31

Vesting Period   

Vest in equal parts, 9 months and 18 months after the Grant Date

Name

NJ Froneman

Position

Chief Executive Officer

Company

Sibanye Gold Limited

Nature of interest

Direct and Beneficial

Nature of transaction

Retention of bonus shares awarded on 1 March 2019

Transaction Date   

2 December 2019

Number of Shares   

78 188

Class of Security  

Ordinary Shares

 Market Price per share:
 Low – 
 High – 

sell price -

  
 R28.8500
 R29.4500

R29.1701

Total Value       

R2 280 751.78

Vesting Period   

Vest in equal parts, 9 months and 18 months after the Grant Date

Name

NJ Froneman

Position

Chief Executive Officer

Company

Sibanye Gold Limited

Nature of interest

Direct and Beneficial

Nature of transaction

On market sale of bonus shares to cover associated tax liability

Transaction Date   

3 December 2019

Number of ADRs   

3 005

Class of Security  

ADR

 Market Price per ADR:
 Low – 
 High – 

sell price -

  

$8.6150

$8.8800

$8.6670

Total Value       

$26 044.33

Vesting Period   

Vest in equal parts, 9 months and 18 months after the Grant Date

 

 

 Name
NJ Froneman
 Position
 Chief Executive Officer
 Company
 Sibanye Gold Limited
 Nature of interest
 Direct and Beneficial
 Nature of transaction
 Retention of bonus shares awarded on 1 March 2019
 Transaction Date   
 3 December 2019
 Number of ADRs   
 7 440
 Class of Security  
 ADR
 Market Price per ADR:
 $7.9600
 Total Value       
 $59 222.40
 Vesting Period    
 Vest in equal parts, 9 months and 18 months after the Grant Date

 

 

 Name
C Keyter
 Position
 Chief Financial Officer
 Company
 Sibanye Gold Limited
 Nature of interest
 Direct and Beneficial
 Nature of transaction
 On market sale of bonus shares to cover associated tax liability
 Transaction Date   
 2 December 2019
 Number of Shares   
 42 785
 Class of Security  
 Ordinary shares
 Market Price per share:
 Low – 
 High – 

sell price -

  
 R28.8500
 R29.4500

R29.1701

 Total Value       
 R1 248 042.73
 Vesting Period    
 Vest in equal parts, 9 months and 18 months after the Grant Date
 Name
C Keyter
 Position
 Chief Financial Officer
 Company
 Sibanye Gold Limited
 Nature of interest
 Direct and Beneficial
 Nature of transaction
 Retention of bonus shares awarded on 1 March 2019
 Transaction Date   
 2 December 2019
 Number of Shares   
 49 227
 Class of Security  
 Ordinary shares
 Market Price per share:
 Low – 
 High – 

sell price -

  
 R28.8500
 R29.4500
 R29.1701
 Total Value       
 R1 435 956.51
 Vesting Period    
 Vest in equal parts, 9 months and 18 months after the Grant Date

 

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

 

Dealing in securities by directors of major subsidiaries

In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements, shareholders are further advised that directors of major subsidiaries of Sibanye-Stillwater being Mr Chris Bateman and Dr Richard Stewart, Executive Directors of Stillwater Mining Company have retained and/ or sold Bonus and Performance Shares which were granted on 1 March 2019 (“the Grant Date”) in terms of The Sibanye Gold Limited 2017 Share Plan.

 

Name

CM Bateman

Position

Executive Director

Company

Stillwater Mining Company

Nature of interest

Direct and Beneficial

Nature of transaction

On market sale of bonus shares

Transaction Date   

3 December 2019

Number of ADRs  

24 085

Class of Security  

ADR

 Market Price per ADR:
 Low – 
 High – 

sell price -

  

$8.6150

$8.8800

$8.6944

Total Value       

$209 404.62

Vesting Period   

Vest in equal parts, 9 months and 18 months after the Grant Date

Name

RA Stewart

Position

Executive Director

Company

Stillwater Mining Company

Nature of interest

Direct and Beneficial

Nature of transaction

On market sale of bonus shares to cover associated tax liability

Transaction Date   

2 December 2019

Number of shares 

25 247

Class of Security  

Ordinary shares

 Market Price per share:
 Low – 
 High – 

sell price -

  
 R28.8500
 R29.4500

R29.1701

Total Value       

R736 457.51

Vesting Period   

Vest in equal parts, 9 months and 18 months after the Grant Date

Name

RA Stewart

Position

Executive Director

Company

Stillwater Mining Company

Nature of interest

Direct and Beneficial

Nature of transaction

Retention of bonus shares awarded on 1 March 2019

Transaction Date   

2 December 2019

Number of shares 

29 048

Class of Security  

Ordinary shares

 Market Price per share:
 Low – 
 High – 

sell price -

  
 R28.8500
 R29.4500

R29.1701

Total Value       

R847 333.06

Vesting Period   

Vest in equal parts, 9 months and 18 months after the Grant Date

 

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

 

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 and Performance Shares which were granted on 1 March 2019 (“the Grant Date”) in terms of The Sibanye Gold Limited 2017 Share Plan.

 

Name

D Mostert

Position

EVP: Organisational Effectiveness

Nature of interest

Direct and Beneficial

Nature of transaction

On market sale of bonus shares

Transaction Date   

2 December 2019

Number of shares

51 076

Class of Security  

Ordinary shares

 Market Price per share:
 Low – 
 High – 

sell price -

  
 R28.8500
 R29.4500

R29.1701

Total Value       

R1 489 892.03

Vesting Period   

Vest in equal parts, 9 months and 18 months after the Grant Date

Name

H Dikgale

Position

EVP: Legal and Compliance

Nature of interest

Direct and Beneficial

Nature of transaction

On market sale of bonus shares to cover associated tax liability

Transaction Date   

2 December 2019

Number of shares 

20 416

Class of Security  

Ordinary shares

 Market Price per share:
 Low – 
 High – 

sell price -

  
 R28.8500
 R29.4500

R29.1701

Total Value       

R595 536.76

Vesting Period   

Vest in equal parts, 9 months and 18 months after the Grant Date

 

 

Name

H Dikgale

Position

EVP: Legal and Compliance

Nature of interest

Direct and Beneficial

Nature of transaction

Retention of bonus shares awarded on 1 March 2019

Transaction Date   

2 December 2019

Number of shares

23 491

Class of Security  

Ordinary shares

 Market Price per share:
 Low – 
 High – 

sell price -

  
 R28.8500
 R29.4500

R29.1701

Total Value       

R685 234.82

Vesting Period   

Vest in equal parts, 9 months and 18 months after the Grant Date

 

 

 Name
R van Niekerk
 Position
 EVP: SA Platinum Operations
 Nature of interest
 Direct and Beneficial
 Nature of transaction
 On market sale of bonus shares 
 Transaction Date   
 2 December 2019
 Number of shares
 69 955
 Class of Security  
 Ordinary shares
 Market Price per share:
 Low – 
 High – 
 sell price -
  
 R28.8500
 R29.4500
 R29.1701
 Total Value       
 R2 040 595.34
 Vesting Period    
 Vest in equal parts, 9 months and 18 months after the Grant Date

 

 

Name

S Bessit

Position

EVP: SA Gold Operations

Nature of interest

Direct and Beneficial

Nature of transaction

On market sale of bonus shares to cover associated tax liability

Transaction Date   

2 December 2019

Number of shares 

18 746

Class of Security  

Ordinary shares

 Market Price per share:
 Low – 
 High – 

sell price -

  
 R28.8500
 R29.4500

R29.1701

Total Value       

R546 822.69

Vesting Period   

Vest in equal parts, 9 months and 18 months after the Grant Date

Name

S Bessit

Position

EVP: SA Gold Operations

Nature of interest

Direct and Beneficial

Nature of transaction

Retention of bonus shares awarded on 1 March 2019

Transaction Date   

2 December 2019

Number of shares  

21 569

Class of Security  

Ordinary shares

 Market Price per share:
 Low – 
 High – 

sell price -

  
 R28.8500
 R29.4500

R29.1701

Total Value       

R629 169.89

Vesting Period   

Vest in equal parts, 9 months and 18 months after the Grant Date

Name

T Nkosi

Position

EVP: Corporate Affairs

Nature of interest

Direct and Beneficial

Nature of transaction

On market sale of bonus shares

Transaction Date   

2 December 2019

Number of shares 

43 635

Class of Security  

Ordinary shares

 Market Price per share:
 Low – 
 High – 

sell price -

  
 R28.8500
 R29.4500

R29.1701

Total Value       

R1 272 837.31

Vesting Period   

Vest in equal parts, 9 months and 18 months after the Grant Date

Name

W Robinson

Position

EVP: Group Technical

Nature of interest

Direct and Beneficial

Nature of transaction

On market sale of bonus shares to cover associated tax liability

Transaction Date   

2 December 2019

Number of shares 

24 637

Class of Security  

Ordinary shares

 Market Price per share:
 Low – 
 High – 

sell price -

  
 R28.8500
 R29.4500

R29.1701

Total Value       

R718 663.75

Vesting Period   

Vest in equal parts, 9 months and 18 months after the Grant Date

Name

W Robinson

Position

EVP: Group Technical

Nature of interest

Direct and Beneficial

Nature of transaction

Retention of bonus shares awarded on 1 March 2019

Transaction Date   

2 December 2019

Number of shares

28 347

Class of Security  

Ordinary shares

 Market Price per share:
 Low – 
 High – 

sell price -

  
 R28.8500
 R29.4500

R29.1701

Total Value       

R826 884.82

Vesting Period   

Vest in equal parts, 9 months and 18 months after the Grant Date

 

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

 

Contacts:

Email: [email protected]

James Wellsted

Head of Investor Relations

+27 (0) 83 453 4014

 

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

 

In Europe:

Swiss Resource Capital AG

Jochen Staiger

[email protected]

www.resource-capital.ch

 

FORWARD LOOKING STATEMENTS

 

This announcement includes “forward-looking statements” within the meaning of the “safe harbour” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “target”, “will”, “forecast”, “expect”, “potential”, “intend”, “estimate”, “anticipate”, “can” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. The forward-looking statements set out in this announcement involve a number of known and unknown risks, uncertainties and other factors, many of which are difficult to predict and generally beyond the control of Sibanye-Stillwater, that could cause Sibanye-Stillwater’s actual results and outcomes to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. These forward-looking statements speak only as of the date of this announcement. Sibanye-Stillwater undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this announcement or to reflect the occurrence of unanticipated events, save as required by applicable law.

 

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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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