Sibanye-Stillwater: Dealings in securities by a Director and Prescribed Officers
Johannesburg, 30 June 2021. Sibanye-Stillwater, (Tickers JSE: SSW and NYSE: SBSW - https://www.commodity-tv.com/ondemand/companies/profil/sibanye-stillwater-ltd/) in compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, discloses the following:
Name |
NJ Froneman |
Position |
Chief Executive Officer (Director) |
Company |
Sibanye Stillwater |
Nature of interest |
Direct and Beneficial |
Nature of transaction |
Off-market collar hedge over 1 458 096 ordinary shares of the Company with a put strike price of R47.62, call strike price of R100.00 and expires on 28 June 2023. |
Transaction Date |
28 June 2021 |
Number of shares |
1 458 096 |
Class of Security |
Ordinary shares |
Market Price per security |
R59.52 |
Total Value |
R86 785 873,92 |
|
|
Nature of interest |
Direct and Beneficial |
Nature of transaction |
On market sale of ADRs |
Transaction Date |
29 June 2021 |
Number of ADRs |
100 000 |
Class of Security |
ADRS |
Market Price per share |
$16.6492 |
Total Value |
$1 664 920 |
Mr Froneman entered into an equity funding arrangement with a financial institution which consisted of a loan agreement securitised by a simultaneous collar hedge and equity lending transaction.
Name |
R van Niekerk |
Position |
Chief Technical Officer (Prescribed Officer) |
Company |
Sibanye Stillwater |
Nature of interest |
Direct and Beneficial |
Nature of transaction |
Off-market collar hedge over 873 895 ordinary shares of the Company with a put strike price of R56.63 and R29.81 and a call strike price of R75.30 and expires on 14 October 2022 |
Transaction Date |
28 June 2021 |
Number of Options |
873 895 |
Class of Security |
European call options over Sibanye Stillwater ordinary shares |
Market Price per security |
R59.61 |
Total Value |
R52 092 881 |
Mr van Niekerk entered into an equity funding arrangement with a financial institution which consisted of a loan agreement securitized by a simultaneous equity lending transaction, for the life of transaction at zero cost.
Name |
RA Stewart |
Position |
Chief Operating Officer (Prescribed Officer) |
Company |
Sibanye Stillwater |
Nature of interest |
Direct and Beneficial |
Nature of transaction |
On market sale of shares |
Transaction Date |
28 June 2021 |
Number of shares |
100 000 |
Class of Security |
Ordinary shares |
Market Price per share |
R60.00 |
Total Value |
R6 000 000 |
|
|
Nature of interest |
Direct and Beneficial |
Nature of transaction |
On market sale of shares |
Transaction Date |
30 June 2021 |
Number of Shares |
100 000 |
Class of Security |
Ordinary shares |
Market Price per share |
R59.00 |
Total Value |
R5 900 000 |
|
|
Nature of interest |
Direct and Beneficial |
Nature of transaction |
Off-market collar hedge over 325 000 ordinary shares of the Company with a put strike price of R56.27 and R35.54 and a call strike price of R110.58 and expires on 30 June 2023 |
Transaction Date |
30 June 2021 |
Number of Options |
325 000 |
Class of Security |
European call options over Sibanye Stillwater ordinary shares |
Market Price per security |
R59.23 |
Total Value |
R19 251 765 |
Dr Stewart entered into an equity funding arrangement with a financial institution which consisted of a loan agreement securitized by a simultaneous equity lending transaction, for the life of transaction at zero cost.
Name |
TG Nkosi |
Position |
Chief Social Performance Officer |
Company |
Sibanye Stillwater Limited |
Nature of interest |
Direct and Beneficial |
Nature of transaction |
On market purchase of shares |
Transaction Date |
25 June 2021 |
Number of Shares |
114 897 |
Class of Security |
Ordinary shares |
Market Price per share |
R60.50 |
Total Value |
R6 951 268,50 |
In terms of paragraph 3.66 of the Listings Requirements, the necessary clearance to deal in the above securities has been obtained.
Investor relations contact:
Email: [email protected]
James Wellsted
Head of Investor Relations
Tel: +27 (0) 83 453 4014
In Europa:
Swiss Resource Capital AG
Jochen Staiger
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
Sibanye Stillwater Limited
Incorporated in the Republic of South Africa
Registration number 2014/243852/06
Share codes: SSW (JSE) and SBSW (NYSE)
ISIN – ZAE000259701
Issuer code: SSW
(“Sibanye-Stillwater”,”the Company” and/or “the Group”)
Registered Address:
Constantia Office Park
Bridgeview House • Building 11 • Ground Floor
Cnr 14th Avenue & Hendrik Potgieter Road
Weltevreden Park • 1709
Postal Address:
Private Bag X5 • Westonaria • 1780
Tel +27 11 278 9600 • Fax +27 11 278 9863
Website: www.sibanyestillwater.com
Sibanye Stillwater Ltd. Stock
Our community is currently high on Sibanye Stillwater Ltd. with 3 Buy predictions and 0 Sell predictions.
With a target price of 2 € there is a hugely positive potential of 81.82% for Sibanye Stillwater Ltd. compared to the current price of 1.1 €.