Sibanye Stillwater - Dealings in securities by a Director and Prescribed Officer
Johannesburg, 30 June 2023: 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 expiry of an existing collar structures, previously implemented by Executive Director and Prescribed Officers of the Group:
Name |
NJ Froneman |
Position |
Chief Executive Officer (Executive Director) |
Company |
Sibanye-Stillwater Limited |
Nature of interest |
Direct and Beneficial |
Date of transaction |
28 June 2023 |
Class of securities |
Sibanye-Stillwater Limited ordinary shares |
Nature of transaction |
Exercise of a put option in respect of an off-market collar hedge over 1,458,096 ordinary shares of the Company which expired on 28 June 2023 |
Strike price per share |
R47.62 |
Value of put option |
R69,434,531.52 |
Mr Froneman entered into an equity funding arrangement with a financial institution on 28 June 2021 which consisted of a loan agreement securitised by a simultaneous collar hedge and equity lending transaction.
Name |
RA Stewart |
Position |
Chief Regional Officer Southern Africa (Prescribed Officer) |
Company |
Sibanye-Stillwater Limited |
Nature of interest |
Direct and Beneficial |
Class of securities |
Sibanye-Stillwater Limited ordinary shares |
Nature of transaction |
Expiry of off-market collar of ordinary shares implemented on 30 June 2021 which has been cash settled |
Transaction Date |
28 June 2023 |
Option settlement value |
R6 735 635 |
Ordinary shares retained by Prescribed Officer |
325 000 |
Market Price per security |
R28.00 |
Total Value |
R9 100 000.00 |
The Prescribed Officer retains the total amount of shares originally hedged.
In terms of paragraph 3.66 of the Listings Requirements, the necessary clearance to deal in the above securities has been obtained.
Ends.
About Sibanye-Stillwater
Sibanye-Stillwater is a multinational mining and metals processing Group with a diverse portfolio of mining and processing operations, projects and investments across five continents. The Group is also one of the foremost global recyclers of PGM autocatalysts and has interests in leading mine tailings retreatment operations.
Sibanye-Stillwater has established itself as one of the world’s largest primary producers of platinum, palladium, and rhodium and is also a top tier gold producer. It produces and refines iridium and ruthenium, nickel, chrome, copper and cobalt. The Group has recently begun to build and diversify its asset portfolio into battery metals mining and processing and is increasing its presence in the circular economy by growing and diversifying its recycling and tailings reprocessing operations globally. For more information refer to www.sibanyestillwater.com.
Investor relations contact:
Email: [email protected]
James Wellsted
Executive Vice President: Investor Relations and Corporate Affairs
Tel: +27 (0) 83 453 4014
Website: www.sibanyestillwater.com
YouTube: https://www.youtube.com/@sibanyestillwater/videos
In Europe:
Swiss Resource Capital AG
Jochen Staiger Marc Ollinger
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
Sibanye Stillwater Ltd. Stock
Currently there is a rather positive sentiment for Sibanye Stillwater Ltd. with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 2 € shows a very positive potential of 100.0% compared to the current price of 1.0 € for Sibanye Stillwater Ltd..
