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Johannesburg, 1 December 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 |
Company | Sibanye Stillwater Limited |
Nature of interest | Direct and Beneficial |
Class of securities | Ordinary shares |
Nature of transaction
| Off-market restructure of collar hedge over 4 744 961 ordinary shares of the Company with a put strike price of R45.98 call strike price of R67.02 and expiry on 30 November 2023
|
Total value of transaction | R218,173,306.78 |
Mr Froneman entered into and restructured equity funding arrangements with a financial institution that consisted of loan agreements securitised by simultaneous collar hedges and equity lending transactions. The transactions contained in this announcement relate to the existing hedges previously disclosed in the 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.
Ends.
Investor relations contact:
Email: ir@sibanyestillwater.com
James Wellsted
Head of Investor Relations
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
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