Wrap Text
Director dealings
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”)
Director dealings
Johannesburg, 12 December 2019. Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL)
in compliance with paragraphs 3.63 to 3.66 of the Listings Requirements of the JSE
Limited ("the Listings Requirements") hereby advises shareholders that Group CEO,
Neal Froneman has entered into a new financing structure in which 482 613 of Mr
Froneman’s ordinary shares were pledged and subject to scrip lending, security loan
of R13.9 million, have been used as collateral under this arrangement.
Name : NJ Froneman
Position : Chief Executive Officer
Company : Sibanye-Stillwater
Date of transaction 11 December 2019
Date of expiry of the collar : 13 December 2021
Class of securities : Ordinary shares in Sibanye Gold
Limited
Nature of transactions : Collars over 482 613 ordinary
shares of the Company, with a
put strike price of R28.85 and
call strike price of R45.55
Nature of interest : Direct beneficial
Clearance obtained : Yes
Contacts:
Email: ir@sibanyestillwater.com
James Wellsted
Head of Investor Relations
+27 (0) 83 453 4014
Sponsor: J.P. Morgan Equities South Africa (Proprietary) Limited
FORWARD LOOKING STATEMENTS
The information in this announcement may contain forward-looking statements within the
meaning of the “safe harbour” provisions of the United States Private Securities Litigation
Reform Act of 1995. These forward-looking statements, including, among others, those relating
to Sibanye Gold Limited’s (trading as Sibanye-Stillwater) (“Sibanye-Stillwater” or the
“Group”) financial positions, business strategies, plans and objectives of management for
future operations, are necessarily estimates reflecting the best judgment of the senior
management and directors of Sibanye-Stillwater.
All statements other than statements of historical facts included in this announcement may
be forward-looking statements. Forward-looking statements also often use words such as
“will”, “forecast”, “potential”, “estimate”, “expect” and words of similar meaning. By their
nature, forward-looking statements involve risk and uncertainty because they relate to future
events and circumstances and should be considered in light of various important factors,
including those set forth in this disclaimer and in the Group’s Annual Integrated Report and
Annual Financial Report, published on 29 March 2019, and the Group’s Annual Report on Form
20-F filed by Sibanye-Stillwater with the Securities and Exchange Commission on 5 April 2019
(SEC File no. 001-35785). Readers are cautioned not to place undue reliance on such
statements.
The important factors that could cause Sibanye-Stillwater’s actual results, performance or
achievements to differ materially from those in the forward-looking statements include, among
others, our future business prospects; financial positions; debt position and our ability to
reduce debt leverage; business, political and social conditions in the United Kingdom, South
Africa, Zimbabwe and elsewhere; plans and objectives of management for future operations;
our ability to obtain the benefits of any streaming arrangements or pipeline financing; our
ability to service our bond Instruments (High Yield Bonds and Convertible Bonds); changes
in assumptions underlying Sibanye-Stillwater’s estimation of their current mineral reserves
and resources; the ability to achieve anticipated efficiencies and other cost savings in
connection with past, ongoing and future acquisitions, as well as at existing operations;
our ability to achieve steady state production at the Blitz project; the success of Sibanye-
Stillwater’s business strategy; exploration and development activities; the ability of
Sibanye-Stillwater to comply with requirements that they operate in a sustainable manner;
changes in the market price of gold, PGMs and/or uranium; the occurrence of hazards associated
with underground and surface gold, PGMs and uranium mining; the occurrence of labour
disruptions and industrial action; the availability, terms and deployment of capital or
credit; changes in relevant government regulations, particularly environmental, tax, health
and safety regulations and new legislation affecting water, mining, mineral rights and
business ownership, including any interpretations thereof which may be subject to dispute;
the outcome and consequence of any potential or pending litigation or regulatory proceedings
or other environmental, health and safety issues; power disruptions, constraints and cost
increases; supply chain shortages and increases in the price of production inputs;
fluctuations in exchange rates, currency devaluations, inflation and other macro-economic
monetary policies; the occurrence of temporary stoppages of mines for safety incidents and
unplanned maintenance; the ability to hire and retain senior management or sufficient
technically skilled employees, as well as their ability to achieve sufficient representation
of historically disadvantaged South Africans’ in management positions; failure of information
technology and communications systems; the adequacy of insurance coverage; any social unrest,
sickness or natural or man-made disaster at informal settlements in the vicinity of some of
Sibanye-Stillwater’s operations; and the impact of HIV, tuberculosis and other contagious
diseases. These forward-looking statements speak only as of the date of the content. Sibanye-
Stillwater expressly disclaims any obligation or undertaking to update or revise any forward-
looking statement (except to the extent legally required).
Date: 12-12-2019 04:05:00
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