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SIBANYE STILLWATER LIMITED - Dealings in securities by Executive Directors and Prescribed Officers

Release Date: 15/06/2021 16:19
Code(s): SSW     PDF:  
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Dealings in securities by Executive 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
“Sibanye-Stillwater” or “the Group” or “the Company”)
Website: www.sibanyestillwater.com

Dealings in securities by Executive Directors and Prescribed Officers

Johannesburg, 15 June 2021: Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW) in
compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements ("the
Listings Requirements") hereby advises shareholders that Executive Directors and
Prescribed Officers (“PO”) of the Company have sold Performance Shares which were
granted on 1 March 2018 (“the Grant Date”) in terms of The Sibanye Stillwater Limited
2017 Share Plan.

Name                             NJ Froneman
Position                         Chief Executive Officer
Company                          Sibanye Stillwater Limited
Nature of interest               Direct and Beneficial
Nature of transaction            On market sale of performance shares to cover
                                 associated tax liability
Transaction Date                 9 June 2021
Number of Shares                 121 095
Class of Security                Ordinary shares
Market Price per share:
Low –                            R64.00
High –                           R65.05
Sell price -                     R64.3899
Total Value                      R7 797 294,94

Transaction Date                 10 June 2021
Number of Shares                 156 370
Class of Security                Ordinary shares
Market Price per share:
Low –                            R63.80
High –                           R65.13
Sell price -                     R64.5557
Total Value                      R10 094 574,81

Transaction Date                 11 June 2021
Number of Shares                 82 006
Class of Security                Ordinary shares
Market Price per share:
Low –                            R63.50
High –                           R65.63
Sell price -                     R64.4294
Total Value                      R 5 283 597,38

Transaction Date                 11 June 2021
Number of Shares                 130 287
Class of Security                ADR
Market Price per share:
Low –                            US$18.21
High –                           US$18.95
Sell price -                     US$18.3534
Total Value                      US$2 391 209,45

Transaction Date                 14 June 2021
Number of Shares                 67 879
Class of Security         Ordinary shares
Market Price per share:
Low –                     R62.50
High –                    R63.28
Sell price -              R62.9806
Total Value               R 4 275 060,15

Transaction Date          14 June 2021
Number of Shares          1 612
Class of Security         ADR
Market Price per share:
Low –                     US$18.05
High –                    US$18.43
Sell price -              US$18.3472
Total Value               US$ 29 575,69

Vesting Period            The Performance Shares vest     on   the   third
                          anniversary of the Grant Date


Name                      C Keyter
Position                  Chief Financial Officer
Company                   Sibanye Stillwater Limited
Nature of interest        Direct and Beneficial
Nature of transaction     On market sale of performance shares to cover
                          associated tax liability
Transaction Date          9 June 2021
Number of Shares          63 772
Class of Security         Ordinary shares
Market Price per share:
Low –                     R64.00
High –                    R65.05
Sell price -              R64.3899
Total Value               R4 106 272,70

Transaction Date          10 June 2021
Number of Shares          116 915
Class of Security         Ordinary shares
Market Price per share:
Low –                     R63.80
High –                    R65.13
Sell price -              R64.5557
Total Value               R7 547 529,67

Transaction Date          11 June 2021
Number of Shares          61 114
Class of Security         Ordinary shares
Market Price per share:
Low –                     R63.50
High –                    R65.63
Sell price -              R64.4294
Total Value               R 3 937 538,35

Transaction Date          14 June 2021
Number of Shares          50 752
Class of Security         Ordinary shares
Market Price per share:
Low –                     R62.50
High –                    R63.28
Sell price -              R62.9806
Total Value               R3 196 391,41
Vesting Period            The Performance Shares vest on the third
                          anniversary of the Grant Date


Name                      RA Stewart
Position                  Chief Operations Officer (PO)
Company                   Sibanye Stillwater Limited
Nature of interest        Direct and Beneficial
Nature of transaction     On market sale of performance shares to cover
                          associated tax liability
Transaction Date          9 June 2021
Number of shares          34 181
Class of Security         Ordinary shares
Market Price per share:
Low –                     R64.00
High –                    R65.05
Sell price -              R64.3899
Total Value               R2 200 911,17

Nature of transaction     On market sale of performance shares
Transaction Date          9 June 2021
Number of shares          2 940
Class of Security         Ordinary shares
Market Price per share:
Low –                     R64.00
High –                    R65.05
Sell price -              R64.3899
Total Value               R189 306,31

Nature of transaction     On market sale of performance shares to cover
                          associated tax liability
Transaction Date          10 June 2021
Number of Shares          62 665
Class of Security         Ordinary
Market Price per share:
Low –                     R63.80
High –                    R65.13
Sell price -              R64.5557
Total Value               R 4 045 382,94

Nature of transaction     On market sale of performance shares
Transaction Date          10 June 2021
Number of shares          5 391
Class of Security         Ordinary shares
Market Price per share:
Low –                     R63.80
High –                    R65.13
Sell price -              R64.5557
Total Value               R 348 019,78

Nature of transaction     On market sale of performance shares to cover
                          associated tax liability
Transaction Date          11 June 2021
Number of Shares          32 757
Class of Security         Ordinary shares
Market Price per share:
Low –                     R63.50
High –                    R65.63
Sell price -              R64.4294
Total Value               R 2 110 513,86
Nature of transaction     On market sale of performance shares
Transaction Date          11 June 2021
Number of shares          2 818
Class of Security         Ordinary shares

Market Price per share:
Low –                     R63.50
High –                    R65.63
Sell price -              R64.4294
Total Value               R 181 562,05

Nature of transaction     On market sale of performance shares to cover
                          associated tax liability
Transaction Date          14 June 2021
Number of Shares          27 202
Class of Security         Ordinary shares
Market Price per share:
Low –                     R62.50
High –                    R63.28
Sell price -              R62.9806
Total Value               R 1 713 198,28

Nature of transaction     On market sale of performance shares
Transaction Date          14 June 2021
Number of shares          2 340
Class of Security         Ordinary shares
Market Price per share:
Low –                     R62.50
High –                    R63.28
Sell price -              R62.9806
Total Value               R 147 374,60

Vesting Period            The Performance Shares vest on the third
                          anniversary of the Grant Date


Name                      JD Mostert
Position                  Chief Organisational Growth Officer (PO)
Company                   Sibanye Stillwater Limited
Nature of interest        Direct and Beneficial
Nature of transaction     On market sale of performance shares
Transaction Date          9 June 2021
Number of shares          64 050
Class of Security         Ordinary shares
Market Price per share:
Low –                     R64.00
High –                    R65.05
Sell price -              R64.3899
Total Value               R4 124 173,09

Nature of transaction     On market sale of performance shares to cover
                          associated tax liability
Transaction Date          9 June 2021
Number of shares          1 191
Class of Security         Ordinary shares
Market Price per share:
Low –                     R64.00
High –                    R65.05
Sell price -              R64.3899
Total Value               R76 688,37
Nature of transaction     On market sale of performance shares
Transaction Date          10 June 2021
Number of Shares          117 426
Class of Security         Ordinary shares
Market Price per share:
Low –                     R63.80
High –                    R65.13
Sell price -              R64.5557
Total Value               R7 580 517,63

Nature of transaction     On market sale of performance shares to cover
                          associated tax liability
Transaction Date          10 June 2021
Number of Shares          2 184
Class of Security         Ordinary
Market Price per share:
Low –                     R63.80
High –                    R65.13
Sell price -              R64.5557
Total Value               R140 989,65
Transaction Date          11 June 2021
Number of Shares          61 382
Class of Security         Ordinary shares
Market Price per share:
Low –                     R63.50
High –                    R65.63
Sell price -              R64.4294
Total Value               R 3 954 805,43

Nature of transaction     On market sale of performance shares to cover
                          associated tax liability
Transaction Date          11 June 2021
Number of Shares          1 142
Class of Security         Ordinary shares
Market Price per share:
Low –                     R63.50
High –                    R65.63
Sell price -              R64.4294
Total Value               R73 578,37

Nature of transaction     On market sale of performance shares
Transaction Date          14 June 2021
Number of Shares          50 973
Class of Security         Ordinary shares
Market Price per share:
Low –                     R62.50
High –                    R63.28
Sell price -              R62.9806
Total Value               R 3 210 310,12

Nature of transaction     On market sale of performance shares to cover
                          associated tax liability
Transaction Date          14 June 2021
Number of shares          948
Class of Security         Ordinary shares
Market Price per share:
Low –                     R62.50
High –                    R63.28
Sell price -              R62.9806
Total Value               R 59 705,61
Vesting Period            The Performance Shares vest on the third
                          anniversary of the Grant Date


Name                            R van Niekerk
Position                        Chief Technical Officer (PO)
Company                         Sibanye Stillwater Limited
Nature of interest              Direct and Beneficial
Nature of transaction           On market sale of shares awarded on 1 September
                                2017 and 1 March 2018 to cover associated tax
                                liability
Transaction Date                9 June 2021
Number of Shares                51 120
Class of Security               Ordinary shares
Market Price per share:
Low –                           R64.00
High –                          R65.05
Sell price -                    R64.3899
Total Value                     R3 291 611,69

Transaction Date                10 June 2021
Number of Shares                93 719
Class of Security               Ordinary shares
Market Price per share:
Low –                           R63.80
High –                          R65.13
Sell price -                    R64.5557
Total Value                     R6 050 095,65

Transaction Date                11 June 2021
Number of Shares                48 989
Class of Security               Ordinary shares
Market Price per share:
Low –                           R63.50
High –                          R65.63
Sell price -                    R64.4294
Total Value                     R3 156 331,88

Nature of transaction           On market sale of performance shares to cover
                                associated tax liability
Transaction Date                14 June 2021
Number of Shares                40 681
Class of Security               Ordinary shares
Market Price per share:
Low –                           R62.50
High –                          R63.28
Sell price -                    R62.9806
Total Value                     R 2 562 113,79

Vesting Period                  The Performance Shares vest on the third
                                anniversary of the Grant Date

Shareholders are referred to the SENS announcement issued on 4 March 2020, wherein
it was advised that Mr Robert Van Niekerk entered into a collar arrangement with
a financial institution (“the transaction”). The transaction has expired, the
details of which are outlined below:

Nature of interest              Direct and Beneficial
Nature of transaction           Exercise of call option by financial institution
                                in respect of a collar hedge over Sibanye
                                Stillwater Ltd ordinary shares upon expiry
Transaction date                2 June 2021
 Expiry date                       1 March 2021
                                   The expiry of the transaction had to be duly
                                   extended due to Robert van Niekerk being subject
                                   to a prohibited period by the Company
 Number of options                 257 732
 Class of Security                 Ordinary shares
 Strike price                      R39.00
 Value of call option              R 10 051 548.00

Name                              TG Nkosi
Position                          Chief Social Performance Officer (PO)
Nature of interest                Direct and Beneficial
Nature of transaction             On market sale of performance shares
Transaction Date                  9 June 2021
Number of shares                  51 510
Class of Security                 Ordinary shares
Market Price per share:
Low –                             R64.00
High –                            R65.05
Sell price -                      R64.3899
Total Value                       R3 316 723,75

Transaction Date                  10 June 2021
Number of Shares                  94 436
Class of Security                 Ordinary shares
Market Price per share:
Low –                             R63.80
High –                            R65.13
Sell price -                      R64.5557
Total Value                       R6 096 382,09

Transaction Date                  11 June 2021
Number of Shares                  49 364
Class of Security                 Ordinary shares
Market Price per share:
Low –                             R63.50
High –                            R65.63
Sell price -                      R64.4294
Total Value                       R3 180 492,90

Nature of transaction             On market sale of performance shares to cover
                                  associated tax liability
Transaction Date                  14 June 2021
Number of Shares                  40 994
Class of Security                 Ordinary shares
Market Price per share:
Low –                             R62.50
High –                            R63.28
Sell price -                      R62.9806
Total Value                       R 2 581 826,72

Vesting Period                    The Performance Shares vest on the third
                                  anniversary of 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.
Investor relations contact:                    Sponsor: J.P. Morgan Equities South
Email: ir@sibanyestillwater.com                Africa Proprietary Limited
James Wellsted
Tel: +27 (0) 83 453 4014

Date: 15-06-2021 04:19:00
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