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Dealing in securities arising out of Rights OFfer
Sibanye Gold Limited
Incorporated in the Republic of South Africa
Registration number 2002/031431/06
Share code: SGL
ISIN – ZAE000173951
Issuer code: SGL
(“Sibanye Gold”, “Sibanye” and/or “the Group”)
DEALING IN SECURITIES ARISING OUT OF RIGHTS OFFER
Westonaria, 25 May 2017. In terms of the rules of the Sibanye
Gold 2013 Share Plan ("Share Plan"), participants are entitled to
participate in any rights issue in respect of the unvested bonus
share awards granted to them in terms of the Plan. Based on the
rights offer terms as announced on 18 May 2017, for every 7
existing unvested bonus shares that have been awarded to a
participant, the participant will hold 9 rights to purchase new
ordinary shares (the “Rights Offer Shares”) at a price of R11.28
per share (the “Rights"). Participants of the Share Plan have two
options with respect to the Rights:
- Option 1: sell the Rights and receive the cash proceeds
thereof subject to deduction of the tax liability related
to the proceeds of the sale.
- Option 2: retain the Rights subject to payment of the
relevant cash amount to cover the purchase of the rights
offer shares. On conclusion of the rights offer execution
period, the Rights Offer Shares will be transferred into
participant’s personal broker account and will not be
subject to any forfeitability conditions.
In compliance with paragraphs 3.63 to 3.74 of the Listings
Requirements of JSE Limited ("the Listings Requirements") the
following information regarding off market dealing in securities
of Sibanye by Mr NJ Froneman, Chief Executive Officer (elected
option 2), Mr C Keyter, Chief Financial Officer (elected option
1) and Mr C Farrel, Company Secretary of Sibanye(elected option 2).
Director's Name : Neal Froneman
Company : Sibanye
Date of transaction : 24 May 2017
Nature of transaction : Off market vesting of Rights
attaching to non-vested bonus
shares with the election to
subscribe for Rights offer
shares
Number of Rights received : 173 371
Class of security : Rights
Extent of interest : Direct beneficial
Name : Cain Farrel
Company : Sibanye
Date of transaction : 24 May 2017
Nature of transaction : Off market vesting of Rights
attaching to non-vested bonus
shares with the election to
subscribe for Rights offer
shares
Number of rights received : 21 842
Class of security : Rights
Extent of interest : Direct beneficial
Director's Name : Charl Keyter
Company : Sibanye
Date of transaction : 24 May 2017
Nature of transaction : Off market vesting of Rights
attaching to non-vested bonus
shares and on market sale of
Rights
Number of Rights Sold : 22 001
Price : High – R8.00
Low – R7.10
VWAP – R7.4148
Value of transaction : R163 133.01
Class of security : Rights
Extent of interest : Direct beneficial
Director's Name : Charl Keyter
Company : Sibanye
Date of transaction : 24 May 2017
Nature of transaction : Off market vesting of Rights
attaching to non-vested bonus
shares and on market sale of
Rights
Number of Rights Sold : 65 196
Price : High – R8.00
Low – R7.10
VWAP – R7.4148
Value of transaction : R483 415.30
Class of security : Rights
Extent of interest : Direct beneficial
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: J.P. Morgan Equities South Africa Proprietary Ltd
Forward-looking Statements
This announcement includes “forward-looking statements”
within the meaning of the “safe harbour” provisions of the
United States Private Securities Litigation Reform Act of
1995. Forward-looking statements may be identified by the
use of words such as “target”, “will”, “forecast”,
“expect”, “potential”, “intend”, “estimate”, “anticipate”,
“can” and other similar expressions that predict or
indicate future events or trends or that are not statements
of historical matters. In this announcement, for example,
statements related to expected timings of the rights offer,
are forward-looking statements. The forward-looking
statements set out in this announcement involve a number of
known and unknown risks, uncertainties and other factors,
many of which are difficult to predict and generally beyond
the control of Sibanye, that could cause Sibanye’s actual
results and outcomes to be materially different from
historical results or from any future results expressed or
implied by such forward-looking statements. These forward-
looking statements speak only as of the date of this
presentation. Sibanye undertakes no obligation to update
publicly or release any revisions to these forward-looking
statements to reflect events or circumstances after the
date of this presentation or to reflect the occurrence of
unanticipated events, save as required by applicable law.
Each of the Underwriters are acting exclusively for the
Group and no one else in connection with the Rights Offer.
They will not regard any other person (whether or not a
recipient of this announcement) as their respective clients
in relation to the Rights Offer and will not be responsible
to anyone other than the Group for providing the
protections afforded to their respective clients nor for
giving advice in relation to the Rights Offer or any
transaction or arrangement referred to herein.
No representation or warranty, express or implied, is made
by any of the Underwriters as to the accuracy, completeness
or verification of the information set forth in this
announcement, and nothing contained in this announcement
is, or shall be relied upon as, a promise or representation
in this respect, whether as to the past or the future. None
of the Underwriters assumes any responsibility for the
accuracy, completeness or verification of the information
set forth in this announcement and, accordingly, disclaim
each of the Underwriters, to the fullest extent permitted
by applicable law, any and all liability which they might
otherwise be found to have in respect of this announcement
or any such statement.
Prospectus; No Offer or Solicitation
Sibanye has filed a registration statement (including a
prospectus) and a prospectus supplement with the Securities
and Exchange Commission (“SEC”) relating to Sibanye’s
rights offering. Before you invest, you should read the
prospectus in that registration statement, the prospectus
supplement and other documents Sibanye will file and
has filed with the SEC for more complete information about
Sibanye and the rights offering. You may get these
documents, when available, for free by visiting
EDGAR on the SEC web site at www.sec.gov or by visiting
Sibanye’s website at www.sibanyegold.co.za. Alternatively,
Sibanye, any Underwriter or any dealer participating in the
Rights Offer will arrange to send you the registration
statement, prospectus and prospectus supplement, when
available, if you request it by calling toll-free (800)
322-2885 or by e-mailing rightsoffer@mackenziepartners.com.
This announcement is for information purposes only and does
not constitute: (i) an offer to sell, or a solicitation
of offers to purchase or subscribe for, securities in the
United States or any other jurisdiction; or (ii) investment
advice in any jurisdiction relating to the securities
discussed herein.
Date: 25/05/2017 04:37:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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