Johannesburg, 1 December 2020. 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:
Chief Executive Officer
Date of transaction
27 November 2020
Nature of interest
Class of securities
Nature of transaction
Off-market restructure of collar hedge over 4 744 961 ordinary shares of the Company with a put strike price of R40.00, call strike price of R80.00 and expiry on 29 November 2021
Total value of transaction
Mr Froneman entered into and restructured existing equity funding arrangements with a financial institution, which consisted of loan agreements securitised by simultaneous collar hedges and equity lending transactions. The transactions contained in this announcement relate to restructuring of existing hedges previously disclosed in dealings announcements dated 9 October 2019 and 12 December 2019.
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:
Head of Investor Relations
Tel: +27 (0) 83 453 4014
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
Swiss Resource Capital AG
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