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Dealings in terms of the RBPlat share schemes
ROYAL BAFOKENG PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2008/015696/06)
JSE share code: RBP ISIN: ZAE000149936
("RBPlat" or the "Company")
DEALINGS IN TERMS OF THE RBPLAT SHARE SCHEMES
In accordance with paragraph 3.63 of the JSE Limited Listings Requirements (“the
Listings Requirements”), shareholders are advised of the share dealings in
respect of the RBPlat Bonus Share Plan (“BSP”) and the conditional Forfeitable
Share Plan (“FSP”) (collectively, the “RBPlat Share Schemes”).
Vesting of BSP and FSP scheme shares:
On 5 April 2022, pursuant to the withdrawal of the cautionary announcement
issued by the Company and the lifting of the RBPlat share trade embargo, the
full tranche of BSP awards (100%) and the first tranche of FSP awards (one
third) allocated on 1 April 2019, vested. Following the independent review of
the performance conditions in respect of the FSP scheme shares, being Total
Shareholder Return (TSR), Capital Management and ESG, which was subsequently
approved by the Remuneration and Nominations Committee, it is confirmed that
84.17% of the FSP awards of 2019 will vest. The remaining balance of the first
tranche of the FSP awards will be forfeited. In respect of the vested BSP and
FSP scheme shares, the following transactions for the executive directors,
prescribed officers and the company secretary are reported below.
Executive Director and CEO DS Phiri
Date of transactions 11 April 2022
Class of share Ordinary shares
BSP shares vested 61 430
FSP shares vested (150 744 awarded) 126 881
Total vested shares* 188 323
FSP shares forfeited 23 863
Price per share R90 cash and 0.3 Implats
share per RBPlat share
Proceeds from sale of shares R16 949 080 cash and 56 497
Implats shares
Nature of transaction Off-market vesting of shares
and subsequent off-market
disposal*
Executive Director and outgoing CFO HA Rossouw
Date of transactions 11 April 2022
Class of shares Ordinary shares
BSP shares vested 10 336
FSP shares vested (109 128 awarded) 91 853
Total vested shares* 102 198
FSP shares forfeited 17 275
Price per share R90 cash and 0.3 Implats
share per RBPlat share
Proceeds from sale of shares R9 197 820 cash and 30 659
Implats shares
Nature of transaction Off-market vesting of shares
and subsequent off-market
disposal*
Prescribed Officer NA Carr
Date of transactions 11 April 2022
Class of shares Ordinary shares
BSP shares vested 40 657
FSP shares vested (87 783 awarded) 73 887
Total vested shares* 114 551
FSP shares forfeited 13 920
Price per share R90 cash and 0.3 Implats
share per RBPlat share
Proceeds from sale of shares R10 309 590 cash and 34 365
Implats shares
Nature of transaction Off-market vesting of shares
and subsequent off-market
disposal*
Prescribed Officer L Montshiwagae
Date of transactions 11 April 2021
Class of shares Ordinary shares
BSP shares vested 23 472
FSP shares vested (42 284 awarded) 35 590
Total vested shares* 59 066
FSP shares forfeited 6 694
Price per share R90 cash and 0.3 Implats
share per RBPlat share
Proceeds from sale of shares R5 315 940 cash and 17 719
Implats shares
Nature of transaction Off-market vesting of shares
and subsequent off-market
disposal*
Prescribed Officer KV Tlhabanelo
Date of transactions 11 April 2021
Class of shares Ordinary shares
BSP shares vested 30 645
FSP shares vested (53 689 awarded) 45 190
Total vested shares and sold 75 839
FSP shares forfeited 8 499
Sale price per share sold R163.54
Proceeds from the sale of shares R12 402 710.06
Nature of transaction Direct beneficial
Prescribed Officer R Manenzhe
Date of transactions 11 April 2021
Class of shares Ordinary shares
BSP shares vested and sold 28 870
Sale price per share sold R163.54
Proceeds from the sale of shares R4 721 399.80
Nature of transaction Direct beneficial
Company Secretary LC Jooste
Date of transactions 11 April 2021
Class of shares Ordinary shares
BSP shares vested and sold 27 856
Sale price per share sold R163.54
Proceeds from the sale of shares R4 555 570.24
Nature transaction Direct beneficial
*The total number of vested shares have been tendered into the Impala Platinum
Limited (Implats) offer of R90 cash and 0.3 Implats share for each RBPlat share.
Cash proceeds will be used to settle the tax liability of the vested RBPlat
shares.
Vesting of Share Appreciation Rights Scheme Shares (SARs)
Pursuant to the announcement made on 1 July 2021, shareholders were informed
that the CFO would exit the organisation on 3 April 2022. The Board, through the
Remuneration and Nominations Committee, having considered the special
circumstances around the CFO’s extended notice period and significant
contribution to the organisation during that period, have approved that he would
receive, a prorated accelerated vesting of SARs awards received on 1 October
2018, as follows:
Outgoing CFO HA Rossouw
Date of transactions 8 April 2022
SARs vested and exercised 420 248
Strike price R25.61
Strike price value R10 762 551.28
SARs forfeited 113 398
Exercise price R160.56
Proceeds of the transaction R67 475 018.88
Nature of transaction Off-market vesting
In terms of the BSP and FSP scheme shares, a total of 38 329 and 289 550 scheme
shares have been forfeited respectively.
Prior clearance to deal in respect of the on-market and off-market transactions,
as mentioned above, was obtained.
Johannesburg
11 April 2022
JSE Sponsor
Merrill Lynch South Africa Proprietary Limited t/a BofA Securities
For further enquiries, please contact:
Lester Jooste
Company Secretary
Tel: +27 (0)10 590 4519
Email: lester@bafokengplatinum.co.za
Date: 11-04-2022 05:45:00
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