Update on general repurchase of shares
Johannesburg, 13 September 2021: Further to the announcement on 1 June 2021, by Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW - https://www.commodity-tv.com/play/sibanye-stillwater-record-q2-earnings-very-high-dividends-and-focus-on-green-metals/) regarding the implementation of an on-market repurchase up to, but not exceeding, 5% of its ordinary shares in issue (“Repurchase Programme”), and in terms of paragraph 11.27 of the Listings Requirements of the JSE Limited ("JSE") (“Listings Requirements”), the Company advises its shareholders that (at the close of business) on 10 September 2021, it has, in a series of unrelated transactions, cumulatively repurchased c.3% or 90,206,710 ordinary shares (“Repurchase”), in accordance with the general authority granted by shareholders at the Company’s annual general meeting held on 25 May 2021 ("General Authority"). The details of the Repurchase are set out in the table in Section 2, hereunder.
Sibanye-Stillwater CEO, Neal Froneman said: “on top of our sector leading dividend, we have allocated capital to unlock significant additional value for our shareholders in line with our capital allocation framework”.
- DETAILS OF THE REPURCHASE OF ORDINARY SHARES
2 June to 10 September 2021
Highest repurchase price per share:
Lowest repurchase price per share:
Number and percentage of shares repurchased: