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SIBANYE GOLD LIMITED - Dealing In Securities

Release Date: 19/12/2016 13:48
Code(s): SGL     PDF:  
Wrap Text
Dealing In Securities

Sibanye Gold Limited
(Reg. No. 2002/031431/06)
(Incorporated in the Republic of South Africa)
(“Sibanye Gold” or “the Company”)
Share code: SGL
ISIN – ZAE000173951
Issuer code: SGL

DEALING IN SECURITIES

Westonaria, 19 December 2016. In compliance with paragraphs 3.63
to 3.74 of the Listings Requirements of JSE Limited ("the
Listings Requirements") we hereby advise that Mr NJ Froneman,
Chief executive Officer of Sibanye Gold Limited, has bought and/
or sold Performance Shares which were granted to him on 1 May
2013 (“the Grant Date). Mr Froneman has also bought and/ or sold
Bonus Shares which were awarded to him in terms of The Sibanye
Gold Limited 2013 Share Plan on 2 March 2015 and 1 March 2016 to
settle the associated tax liability.

Performance Shares are conditionally awarded with the final
number settled after three years dependent on market and non-
market conditions being met. The number of shares to be settled
ranges from 0% to 200% of the conditional award. The determined
number of Performance Vesting Restricted Shares are settled to
the participant in shares.

Bonus Shares are linked to the annual bonus whereby the
equivalent of two-thirds of the cash bonus is granted in Bonus
Shares.

Details of the transactions are set out below:

Name                          NJ Froneman
Position                      Chief Executive Officer
Company                       Sibanye Gold Limited
Nature of interest            Direct and Beneficial
Nature of transaction         On market sale of Performance Shares
                              to cover associated tax liability.
Transaction Date              15 December 2016
Number of Shares              473 672
Class of Security             Ordinary shares
Market Price per share:
Low –                         R22.5000
High –                        R22.5700
VWAP -                        R22.5021
Total Value                   R10 658 614.71
Vesting Period                The Performance Shares vest on the
                              third anniversary of the Grant Date.

Nature of transaction         On market sale of Bonus Shares to
                              cover associated tax liability
Transaction Date              15 December 2016
Number of Shares              25 464
Class of Security             Ordinary shares
Market Price per share:
Low –                       R22.5000
High –                      R22.5700
VWAP -                      R22.5021
Total Value                 R572 993.47
Vesting Period              Vest in equal parts on 9 months and
                            18 months of the Grant Date.

Nature of transaction       On market sale of Bonus Shares to
                            cover associated tax liability.
Transaction Date            15 December 2016
Number of Shares            14 893
Class of Security           Ordinary shares
Market Price per share:
Low –                       R22.5000
High –                      R22.5700
VWAP -                      R22.5021
Total Value                 R335 123.78
Vesting Period              Vest in equal parts on 9 months and
                            18 months of the Grant Date.

Nature of transaction       On market purchase of Performance
                            Shares
Transaction Date            15 December 2016
Number of Shares            589 412
Class of Security           Ordinary shares
Market Price per share      R24.5278
Total Value                 R14 456 979.65
Vesting Period              The Performance Shares vest on the
                            third anniversary of the Grant Date.

Nature of transaction       On market purchase of Bonus Shares
Transaction Date            15 December 2016
Number of Shares            31 610
Class of Security           Ordinary shares
Market Price per share      R24.5278
Total Value                 R775 323.76
Vesting Period              Vest in equal parts on 9 months and
                            18 months of the Grant Date.

Nature of transaction       On market purchase of Bonus Shares
Transaction Date            15 December 2016
Number of Shares            18 548
Class of Security           Ordinary shares
Market Price per share      R24.5278
Total Value                 R454 941.63
Vesting Period              Vest in equal parts on 9 months and
                            18 months 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.

ENDS
Contact
James Wellsted
SVP Investor Relations
Sibanye Gold Limited
+27 83 453 4014
james.wellsted@sibanyegold.co.za
Sponsor
Sponsor: J.P. Morgan Equities South Africa Proprietary Ltd

Date: 19/12/2016 01:48:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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