Wrap Text
Dealing in shares by Directors and Prescribed Officers
Sibanye Stillwater Limited
Incorporated in the Republic of South Africa
Registration number 2014/243852/06
Share codes: SSW (JSE) and SBSW (NYSE)
ISIN – ZAE000259701
Issuer code: SSW
Website: www.sibanyestillwater.com
Dealing in shares by Directors and Prescribed Officers
Johannesburg, 19 March 2021: Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW)
reminds shareholders that certain of its directors, directors of major subsidiaries,
prescribed officers of Sibanye-Stillwater and its major subsidiaries and other senior
employees accepted awards of conditional shares in March 2018 under the
Sibanye-Stillwater Share Plan 2017 (“the Share Plan”). These awards were subject to
the fulfilment of various performance conditions and also to the requirement that the
employee had to be in the employ of a member of the Sibanye-Stillwater group of
companies on 1 March 2021. The conditions have now all been fulfilled as regards
certain of those employees who are currently directors, directors of major
subsidiaries or prescribed officers of Sibanye-Stillwater and its major subsidiaries
(“the Specified Persons”). As a result, Sibanye-Stillwater became obliged under the
Share Plan to allot and issue the Shares.
The Shares were allotted and issued during a prohibited period as defined in terms
of the JSE Listings Requirements. As such, Sibanye-Stillwater has sought and received
the requisite JSE dispensation, under listings requirements 3.66 and 3.70 to permit
Sibanye-Stillwater to allot and issue such Shares to the Specified Persons. The
dispensation was granted by the JSE on the basis that the Specified Persons had no
discretion as to the allotment and issue, since this was contractually mandated by
the awards made and the terms of the Share Plan. The Shares have been allotted and
issued as follows –
FULL NAME OF DESIGNATION NAME OF COMPANY NUMBER OF
SPECIFIED PERSON OF WHICH A SHARES
DIRECTOR OR ALLOTTED AND
PRESCRIBED ISSUED TO THE
OFFICER SPECIFIED
PERSON
Neal John Executive Sibanye 2,725,411 SSW
Froneman Director Stillwater shares and
imited 319,165 SBSW
ADR’s
Charl Keyter Executive Sibanye 2,037,730 SSW
Director Stillwater shares
Limited
and
and
Director of a
Major Subsidiary Director
Stillwater Mining
Company
Richard Andrew Director of Major Director 1,135,892 SSW
Stewart Subsidiary and Stillwater Mining shares
Prescribed Company
Officer
and
Prescribed
Officer Sibanye
Stillwater
Limited
Robert van Prescribed Sibanye 1,598,602 SSW
Niekerk Officer Stillwater shares
Limited
Jacob Dawid Prescribed Sibanye 989,754 SSW
Mostert Officer Stillwater shares
Limited
Themba George Prescribed Sibanye 795,975 SSW
Nkosi Officer Stillwater shares
Limited
Wayne David Director of Major Director 915,070 SSW
Richard Robinson Subsidiary and Stillwater Mining shares and
Prescribed Company 9,036 SBSW
Officer ADR’s
and
Prescribed
Officer Sibanye
Stillwater
Limited
Johannes David Prescribed Sibanye 575,631 SSW
van Aswegen Officer Stillwater shares
Limited
Sibanye-Stillwater allotted and issued the Shares on 16 March 2021.
No monetary consideration is payable under the Share Plan by the Specified Persons
to Sibanye-Stillwater for the allotment and issue of the Shares.
The aggregate value of the Shares on 16 March 2021 was based on the volume weighted
average price of a Sibanye-Stillwater share on the JSE on 16 March 2021, which was
R70.15. The highest and lowest trading prices for that day were R 73.35 and R 67.02
respectively.
The aggregate value of the ADRs on 16 March 2021 was based on the volume weighted
average price of the Sibanye-Stillwater’s ADR on the NYSE on 16 March 2021, which was
US$ 18.9789. The highest and lowest trading prices for that day were US$ 19.70 and
US$18.40 respectively.
Investor relations contact:
Email: ir@sibanyestillwater.com
James Wellsted
Head of Investor Relations
Tel: +27 (0) 83 453 4014
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
FORWARD LOOKING STATEMENTS
The information in this document 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 and involve a number of risks
and uncertainties that could cause actual results to differ materially from those
suggested by the forward-looking statements. As a consequence, these forward-looking
statements should be considered in light of various important factors, including
those set forth in this document.
All statements other than statements of historical facts included in this document
may be forward-looking statements. Forward-looking statements also often use words
such as “will”, “forecast”, “potential”, “estimate”, “expect”, “plan”, “anticipate”
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 estimates or projections
contained in the forward-looking statements include, without limitation, Sibanye-
Stillwater’s future financial position, plans, strategies, objectives, capital
expenditures, projected costs and anticipated cost savings, financing plans, debt
position and ability to reduce debt leverage; economic, business, political and
social conditions in South Africa, Zimbabwe, the United States and elsewhere; plans
and objectives of management for future operations; Sibanye-Stillwater’s ability to
obtain the benefits of any streaming arrangements or pipeline financing; the ability
of Sibanye-Stillwater to comply with loan and other covenants and restrictions and
difficulties in obtaining additional financing or refinancing; Sibanye-Stillwater’s
ability to service its bond instruments; changes in assumptions underlying Sibanye-
Stillwater’s estimation of its current mineral reserves; any failure of a tailings
storage facility; the ability to achieve anticipated efficiencies and other cost
savings in connection with, and the ability to successfully integrate, past, ongoing
and future acquisitions, as well as at existing operations; the ability of Sibanye-
Stillwater to complete any ongoing or future acquisitions; the success of Sibanye-
Stillwater’s business strategy and exploration and development activities; the
ability of Sibanye-Stillwater to comply with requirements that it operate in ways
that provide progressive benefits to affected communities; changes in the market
price of gold and PGMs; the occurrence of hazards associated with underground and
surface mining; any further downgrade of South Africa’s credit rating; a challenge
regarding the title to any of Sibanye-Stillwater’s properties by claimants to land
under restitution and other legislation; Sibanye-Stillwater’s ability to implement
its strategy and any changes thereto; the occurrence of labour disruptions and
industrial actions; the availability, terms and deployment of capital or credit;
changes in the imposition of regulatory costs and relevant government regulations,
particularly environmental, tax, health and safety regulations and new legislation
affecting water, mining, mineral rights and business ownership, including any
interpretation thereof which may be subject to dispute; the outcome and consequence
of any potential or pending litigation or regulatory proceedings or environmental,
health or safety issues; the concentration of all final refining activity and a large
portion of Sibanye-Stillwater’s PGM sales from mine production in the United States
with one entity; the identification of a material weakness in disclosure and internal
controls over financial reporting; the effect of US tax reform legislation on
Sibanye-Stillwater and its subsidiaries; the effect of South African Exchange Control
Regulations on Sibanye-Stillwater’s financial flexibility; operating in new
geographies and regulatory environments where Sibanye-Stillwater has no previous
experience; power disruptions, constraints and cost increases; supply chain shortages
and increases in the price of production inputs; the regional concentration of
Sibanye-Stillwater’s operations; 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;
Sibanye-Stillwater’s ability to hire and retain senior management or sufficient
technically skilled employees, as well as its ability to achieve sufficient
representation of historically disadvantaged South Africans (HDSAs) in its management
positions; failure of Sibanye-Stillwater’s information technology and communications
systems; the adequacy of Sibanye-Stillwater’s insurance coverage; social unrest,
sickness or natural or man-made disaster at informal settlements in the vicinity of
some of Sibanye-Stillwater’s South African-based operations; and the impact of HIV,
tuberculosis and the spread of other contagious diseases, such as the coronavirus
disease (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,
including the Integrated Annual Report 2019 and the Annual Report on Form 20-F for
the fiscal year ended 31 December 2019.
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). These forward-
looking statements have not been reviewed or reported on by the Company’s external
auditors.
Date: 19-03-2021 02:26:00
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