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Cash fraction applicable to the capitalisation issue
Sibanye Gold Limited
Trading as Sibanye-Stillwater
Incorporated in the Republic of South Africa
Registration number 2002/031431/06
Share code: SGL
ISIN – ZAE000173951
Issuer code: SGL
(“Sibanye-Stillwater” or “the Group” or “the Company”)
Cash fraction applicable to the capitalisation issue
Westonaria, 12 April 2018: Shareholders are referred to the Group´s
operating and financial results for the year ended 31 December 2018, which
was published on the Stock Exchange News Service (SENS) on 22 February
2018 in which a capitalisation issue was declared by the Sibanye-Stillwater
board.
The applicable ratio for the capitalisation issue was 4 capitalisation
issue shares for every 100 ordinary Sibanye-Stillwater shares held on the
Record Date, being Friday, 13 April 2018.
As per the above release, if the application of this ratio gave rise to a
fraction of an ordinary Sibanye share, such fraction would be rounded down
to the nearest whole number, resulting in whole ordinary Sibanye-Stillwater
shares being allocated with an equivalent cash payment in compensating for
the fraction ("Rounding Provision").
In accordance with the JSE Limited listing requirements, the cash payment
has been determined with reference to the volume weighted average price
of an ordinary Sibanye-Stillwater share traded on the JSE on Wednesday,
11 April 2018 (being the day on which an ordinary Sibanye-Stillwater share
began trading `ex´ the entitlement to receive the capitalisation issue),
discounted by 10%.
Shareholders are accordingly advised that the applicable cash payment for
the fractional entitlement is 990.94 cents (1101.04 cents, discounted by
10%).
Example of fractional entitlement:
This example assumes that a Shareholder holds 110 ordinary shares at the
close of business on the Record Date.
New ordinary share entitlement = 110 x (4/100) = 4.4
The Rounding Provision described above is then applied and the shareholder
will receive:
4 Capitalisation issue shares in respect of the 100 ordinary shares held
and a cash payment for the fractional entitlement of 0.4 x 990.94 = 396.38
cents.
Holders of the American depository receipts (ADRs) are also eligible for
the capitalisation issue although different timelines may apply. The
depositary bank (BNY Mellon) will notify eligible ADR holders via
respective clearing centre. For any enquiries, please visit
www.adrbnymellon.com, email shrrelations@bnymellon.com or Tel: +1 201 680
6825.
Investor relations contact:
James Wellsted
Head of Investor Relations
+27 (0) 83 453 4014
Email: ir@sibanyestillwater.com
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
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, including the statements related to expected
production volumes]. 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. 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-Stillwater, that could cause Sibanye-
Stillwater’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 announcement. Sibanye-Stillwater 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 announcement or to reflect the occurrence of unanticipated events,
save as required by applicable law.
Date: 12/04/2018 10:47:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
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indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
