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Dealings in securities
DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1895/000926/06)
ISIN: ZAE000058723
JSE & A2X share code: DRD
NYSE trading symbol: DRD
("DRDGOLD")
DEALINGS IN SECURITIES
Shareholders of DRDGOLD ("Shareholders") are advised that in terms of the equity settled long-term incentive scheme
("LTI Scheme"), as approved by Shareholders on 2 December 2019, qualifying employees ("Participants") are awarded
conditional shares on an annual basis, comprising performance shares (80% of the total conditional shares awarded)
and retention shares (20% of the total conditional shares awarded) ("Awards").
Awards vest 3 years after grant date, subject to the rules of the LTI Scheme, including certain performance conditions
being met. Vested Awards are settled in the form of DRDGOLD ordinary shares ("DRDGOLD Shares") at a zero-
exercise price.
DRDGOLD hereby advises Shareholders of the off-market vesting of the Awards made in October 2020 to directors and
prescribed officers of DRDGOLD and its major subsidiaries on 22 October 2023 ("Vesting"), the deemed value of which
is based on the closing price of a DRDGOLD Share on the business day immediately preceding the date of Vesting,
being R18.31 on 20 October 2023.
Furthermore, various Participants have elected to dispose of all or a portion of the vested DRDGOLD Shares
("Relevant DRDGOLD Shares"). Accordingly, in order to facilitate the disposal of the Relevant DRDGOLD Shares, a
pooled sale arrangement has been put in place in terms of which the aggregate of the Relevant DRDGOLD Shares are
being disposed of, by an independent third party, through various on-market trades ("Sales").
The details of the Vesting and Sales (to date) are set out below:
Vesting
Company Name Number of Performance Retention Deemed value
conditional shares shares of vested
shares Vested conditional
shares
Directors
Niël Pretorius DRDGOLD 166,248 99,749 66,499 R3,044,000.88
Riaan Davel DRDGOLD 80,460 48,276 32,184 R1,473,222.60
Henry Gouws Ergo Mining 55,192 33,115 22,077 R1,010,565.52
Proprietary Limited
("Ergo")
Mark Burrell Ergo 36,579 21,947 14,632 R669,761.49
Henriette Far West Gold 31,208 18,725 12,483 R571,418.48
Hooijer Recoveries
Proprietary Limited
("FWGR")
Kevin Kruger FWGR 45,702 27,421 18,281 R836,803.62
Prescribed officer
Jaco Schoeman DRDGOLD 80,460 48,276 32,184 R1,473,222.60
Sales
Date of Sale Number of Price per DRDGOLD Share Total value of Sale
DRDGOLD
Shares sold
23 October 2023 102,286 Various different trades with the R1,793,728.21
following price information:
- volume weighted average price
("VWAP") of R17.5364
- highest price of R17.85
- lowest price of R17.50
24 October 2023 250,000 Various different trades with the R4,254,600.00
following price information:
- VWAP of R17.0184
- highest price of R17.36
- lowest price of R16.88
25 October 2023 356,306 Various different trades with the R6,088,556.93
following price information:
- VWAP of R17.0880
- highest price of R17.15
- lowest price of R17.00
26 October 2023 97,990 Various different trades with the R1,632,337.02
following price information:
- VWAP of R16.6582
- highest price of R16.85
- lowest price of R16.50
The proceeds from the Sales (as set out above), have been apportioned to the various Participants based on the number
of Relevant DRDGOLD Shares disposed of by such Participants. The apportionment of the proceeds of the Sales to
directors and a prescribed officer of DRDGOLD and directors of DRDGOLD's major subsidiaries are as set out below.
Company Name Number of DRDGOLD Total value of
Shares sold DRDGOLD Shares sold
Directors
Niël Pretorius DRDGOLD 166,248 R2,838,032.15
Riaan Davel DRDGOLD 80,460 R1,373,538.73
Henry Gouws Ergo 55,192 R942,186.79
Mark Burrell Ergo 36,579 R624,442.87
Henriette Hooijer FWGR 31,208 R532,754.12
Kevin Kruger FWGR 45,702 R780,182.29
Prescribed officer
Jaco Schoeman DRDGOLD 80,460 R1,373,538.73
In compliance with paragraph 3.66 of the JSE Limited Listings Requirements, prior clearance was obtained from the
chairman of the board of directors of DRDGOLD. The nature and extent of the Participants' interest in the
abovementioned transactions is direct beneficial.
Johannesburg
27 October 2023
Sponsor
One Capital
Date: 27-10-2023 05:43:00
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