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SIBANYE GOLD LIMITED - Dealing in securities

Release Date: 10/03/2017 15:59
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, 10 March 2017. 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 and Mr C Keyter, Chief Financial Officer of
Sibanye Gold Limited, has bought and/or sold Performance Shares
which were granted to them on 3 March 2014 (“the Grant Date).
Messrs Froneman and Keyter sold their Performance Shares in order
to settle their 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.

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               9 March 2017
Number of Shares               412 530
Class of Security              Ordinary shares
Market Price per share:
Low –                          R24.7000
High –                         R24.9000
VWAP -                         R24.7879
Total Value                    R10 225 752.39
Vesting Period                 The Performance Shares vest on the
                               third anniversary of the Grant Date.

Nature of transaction         On market purchase    of   Performance
                              Shares
Transaction Date              9 March 2017
Number of Shares              493 754
Class of Security             Ordinary shares
Market Price per share:
Low –                         R25.1304
High –                        R25.1304
VWAP -                        R25.1304
Total Value                   R12 408 235.52
Vesting Period                The Performance Shares vest on the
                              third anniversary of the Grant Date.
Name                          C Keyter
Position                      Chief Financial Officer
Nature of interest            Direct and Beneficial
Nature of transaction         On market sale of Performance Shares
                              to cover associated tax liability.
Transaction Date              9 March 2017
Number of Shares              9 400
Class of Security             Ordinary shares
Market Price per share:
Low –                         R24.7000
High –                        R24.9000
VWAP -                        R24.7879
Total Value                   R 233 006.26
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.

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: 10/03/2017 03:59:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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