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Johannesburg, 9 March 2022: Sibanye-Stillwater, (Tickers JSE: SSW and NYSE: SBSW - https://www.commodity-tv.com/ondemand/companies/profil/sibanye-stillwater-ltd/) in compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, discloses the following:
Name | NJ Froneman |
Position | Executive Director |
Company | Sibanye-Stillwater Limited |
Nature of interest | Direct and Beneficial |
Nature of transaction | On market sale of ADR |
Transaction Date | 4 March 2022 |
Number of shares | 90 479 |
Class of Security | ADRs |
Market Price | $19.849 |
Total Value | $1 795 917.67 |
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|
Nature of interest | Direct and Beneficial |
Transaction Date | 4 March 2022 |
Nature of transaction | Off-market collar hedge over 1 454 976 ordinary shares of the Company with a put strike price of R66.24, call strike price of R117.76 and expiry on 03 March 2024 |
Total Value | R96 377 610.00 |
Mr Froneman entered into an equity funding arrangement with a financial institution which consisted of a loan agreement securitized by a simultaneous collar hedge and equity lending transaction
Name | C Keyter |
Position | Executive Director |
Company | Sibanye-Stillwater Limited |
Nature of interest | Direct and Beneficial |
Nature of transaction | On market sale of shares |
Transaction Date | 4 March 2022 |
Number of shares | 500 000 |
Class of Security | Ordinary shares |
Market Price | R69.59 |
Total Value | R34 795 000.00 |
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|
Nature of transaction | On market sale of shares |
Transaction Date | 4 March 2022 |
Number of shares | 500 000 |
Class of Security | Ordinary shares |
Market Price | R68.70 |
Total Value | R34 350 000.00 |
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|
Nature of transaction | On market sale of shares |
Transaction Date | 4 March 2022 |
Number of shares | 200 000 |
Class of Security | Ordinary shares |
Market Price | R73.60 |
Total Value | R14 720 000.00 |
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Nature of transaction | On market sale of shares |
Transaction Date | 7 March 2022 |
Number of shares | 200 000 |
Class of Security | Ordinary shares |
Market Price | R79.24 |
Total Value | R15 848 000.00 |
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|
Nature of transaction | On market sale of shares |
Transaction Date | 7 March 2022 |
Number of shares | 200 000 |
Class of Security | Ordinary shares |
Market Price | R78.77 |
Total Value | R15 754 000.00 |
Name | M Keyter |
Position | An Associate to Executive Director C Keyter |
Company | Sibanye-Stillwater Limited |
Nature of interest | Direct and Beneficial |
Nature of transaction | On market sale of shares |
Transaction Date | 7 March 2022 |
Number of shares | 610 |
Class of Security | Ordinary shares |
Market Price | R76.70 |
Total Value | R46 787.00 |
Name | SN Danson |
Position | Independent Non-Executive Director |
Company | Sibanye-Stillwater Limited |
Nature of interest | Direct and Beneficial |
Nature of transaction | On market purchase of shares |
Transaction Date | 4 March 2022 |
Number of shares | 14 000 |
Class of Security | Ordinary shares |
Market Price | R 71.89 |
Total Value | R1 006 460.00 |
Name | R van Niekerk |
Position | Prescribed Officer |
Company | Sibanye-Stillwater Limited |
Nature of interest | Direct and Beneficial |
Transaction Date | 7 March 2022 |
Nature of transaction | Off-market collar hedge over 475 000 ordinary shares of the Company with a put strike price of R39.37 and R74.79, call strike price of R113.78 and expiry on 08 April 2024 |
Notional value | R37 396 750.00 |
Mr van Niekerk entered into an equity hedging arrangement with a financial institution
Name | RA Stewart |
Position | Prescribed Officer |
Company | Sibanye-Stillwater Limited |
Nature of interest | Direct and Beneficial |
Nature of transaction | On market sale of shares |
Transaction Date | 8 March 2022 |
Number of shares | 150 000 |
Class of Security | Ordinary shares |
Market Price | R76.25 |
Total Value | R11 437 500 |
In terms of paragraph 3.66 of the Listings Requirements, the necessary clearance to deal in the above securities has been obtained.
Investor relations contact:
Email: ir@sibanyestillwater.com
James Wellsted
Head of Investor Relations
Tel: +27 (0) 83 453 4014
Website: www.sibanyestillwater.com
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
In Europe:
Swiss Resource Capital AG
Jochen Staiger
FORWARD LOOKING STATEMENTS
This announcement contains forward-looking statements within the meaning of the “safe harbour” provisions of the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this announcement may be forward-looking statements. Forward-looking statements may be identified by the use of words such as “will”, ““would”, “expect”, “forecast”, “potential”, “may”, “could” “believe”, “aim”, “anticipate”, “target”, “estimate” and words of similar meaning.
These forward-looking statements, including among others, those relating to Sibanye-Stillwater Limited’s (“Sibanye-Stillwater”) future business prospects, financial positions, production and operational guidance, Mineral Resources and Mineral Reserves information, climate and ESG-related statements, targets and metrics, plans and objectives of management for future operations and ability to complete or successfully integrate ongoing and future acquisitions, are necessarily estimates reflecting the best judgement of Sibanye-Stillwater’s senior management. Readers are cautioned not to place undue reliance on such statements. Forward-looking statements 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 its actual results and outcomes to be materially different from historical results or from any future results expressed or implied by such forward-looking statements. As a consequence, these forward-looking statements should be considered in light of various important factors, including those set forth in Sibanye-Stillwater’s Integrated Annual Report 2020 and annual report on Form 20-F filed with the United States Securities and Exchange Commission on 22 April 2021 (SEC File no. 333-234096). These forward-looking statements speak only as of the date of this announcement. 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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