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Johannesburg, 6 March 2024: 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 and Executive Director |
Company | Sibanye-Stillwater Limited |
Nature of interest | Direct and Beneficial |
Nature of transaction | Exercise of a put option in respect of an off-market collar hedge over ordinary shares of Sibanye-Stillwater |
Transaction Date | 5 March 2024 |
Expiry Date | 4 March 2024 |
Settlement Date | 7 March 2024 |
Number of shares | 1 454 976 |
Class of Security | Ordinary Shares |
Strike price per share | R66.24 |
Total Value of the option | R96 377 610.24 |
Mr Froneman entered into an equity funding arrangement with a financial institution on 04 March 2022 which consisted of a loan agreement securitised by a simultaneous collar hedge and equity lending transaction. | |
In terms of paragraph 3.66 of the Listings Requirements, the necessary clearance to deal in the above securities has been obtained.
About Sibanye-Stillwater
Sibanye-Stillwater is a multinational mining and metals processing group with a diverse portfolio of 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 a top tier gold producer. It also produces and refines iridium and ruthenium, nickel, chrome, copper and cobalt. The Group has recently begun to diversify its asset portfolio into battery metals mining and processing and increase its presence in the circular economy by growing its recycling and tailings reprocessing exposure globally. For more information refer to www.sibanyestillwater.com.
Investor relations contact:
Email: ir@sibanyestillwater.com
James Wellsted
Executive Vice President: Investor Relations and Corporate Affairs
Tel: +27 (0) 83 453 4014
Website: www.sibanyestillwater.com
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
In Europe:
Swiss Resource Capital AG
Jochen Staiger & Marc Ollinger
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