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Dealings by Directors and Prescribed Officers
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” or “the Group” or “the Company”)
Website: www.sibanyestillwater.com
Dealings by Directors and Prescribed Officers
Johannesburg, 11 November 2020: Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW)
in compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements
("the Listings Requirements") hereby advises shareholders that Messrs NJ Froneman
and C Keyter, Chief Executive Officer and Chief Financial Officer of Sibanye
Stillwater Limited have retained and/ or sold Bonus Shares which were granted on 1
March 2019 (“the Grant Date”) in terms of The Sibanye-Stillwater Limited 2017 Share
Plan. Bonus Shares awarded to Messrs Froneman and Keyter were sold in order to settle
the associated tax liability.
Name NJ Froneman
Position Chief Executive Officer
Company Sibanye Stillwater Limited
Nature of interest Direct and Beneficial
Nature of transaction Retention of bonus shares awarded on 1
March 2019
Transaction Date 9 November 2020
Number of Shares 78 188
Class of Security Ordinary Shares
Market Price per share:
Low – R56.4374
High – R56.4374
sell price - R56.4374
Total Value R4 412 727,43
Vesting Period Vest in equal parts on 9 months and 18
months of the Grant Date
Name NJ Froneman
Position Chief Executive Officer
Company Sibanye Stillwater Limited
Nature of interest Direct and Beneficial
Nature of transaction On market sale of bonus shares to cover
associated tax liability
Transaction Date 9 November 2020
Number of Shares 67 956
Class of Security Ordinary shares
Market Price per share:
Low – R52.3500
High – R57.6500
sell price - R56.4374
Total Value R3 835 259,95
Vesting Period Vest in equal parts on 9 months and 18
months of the Grant Date
Name NJ Froneman
Position Chief Executive Officer
Company Sibanye Stillwater Limited
Nature of interest Direct and Beneficial
Nature of transaction Retention of bonus shares awarded on 1
March 2019
Transaction Date 10 November 2020
Number of Shares 7 024
Class of Security ADR
Market Price per share:
Low – USD 13.23
High – USD 13.86
sell price - USD 13.75
Total Value USD 96 580
Vesting Period Vest in equal parts on 9 months and 18
months of the Grant Date
Name NJ Froneman
Position Chief Executive Officer
Company Sibanye Stillwater Limited
Nature of interest Direct and Beneficial
Nature of transaction On market sale of bonus shares to cover
associated tax liability
Transaction Date 10 November 2020
Number of Shares 3 422
Class of Security ADR
Market Price per share:
Low – USD 13.23
High – USD 13.86
sell price - USD 13.75
Total Value USD 47 052,50
Vesting Period Vest in equal parts on 9 months and 18
months of the Grant Date
Name C Keyter
Position Chief Financial Officer
Company Sibanye Stillwater Limited
Nature of interest Direct and Beneficial
Nature of transaction Retention of bonus shares awarded on 1
March 2019
Transaction Date 9 November 2020
Number of Shares 49 227
Class of Security Ordinary Shares
Market Price per share:
Low – R56.4374
High – R56.4374
sell price - R56.4374
Total Value R2 778 243,89
Vesting Period Vest in equal parts on 9 months and 18
months of the Grant Date
Name C Keyter
Position Chief Financial Officer
Company Sibanye Stillwater Limited
Nature of interest Direct and Beneficial
Nature of transaction On market sale of bonus shares to cover
associated tax liability
Transaction Date 9 November 2020
Number of Shares 42 786
Class of Security Ordinary shares
Market Price per share:
Low – R52.3500
High – R57.6500
sell price - R56.4374
Total Value R2 414 730,60
Vesting Period Vest in equal parts on 9 months and 18
months of the Grant Date
Dealing in securities by prescribed officers of the Company
In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements, shareholders
are further advised that the following prescribed officers of the Company have
retained and/ or sold Bonus Shares which were granted on 1 March 2019 (“the Grant
Date”) in terms of The Sibanye-Stillwater Limited 2017 Share Plan.
Name R van Niekerk
Position EVP: Technical Services
Company Sibanye Stillwater Limited
Nature of interest Direct and Beneficial
Nature of transaction Retention of bonus shares awarded on 1
March 2019
Transaction Date 9 November 2020
Number of Shares 37 427
Class of Security Ordinary Shares
Market Price per share:
Low – R56.4374
High – R56.4374
sell price - R56.4374
Total Value R2 112 282,5698
Vesting Period Vest in equal parts on 9 months and 18
months of the Grant Date
Name R van Niekerk
Position EVP: Technical Services
Company Sibanye Stillwater Limited
Nature of interest Direct and Beneficial
Nature of transaction On market sale of bonus shares to cover
associated tax liability
Transaction Date 9 November 2020
Number of Shares 32 529
Class of Security Ordinary shares
Market Price per share:
Low – R52.3500
High – R57.6500
sell price - R56.4374
Total Value R1 835 852,18
Vesting Period Vest in equal parts on 9 months and 18
months of the Grant Date
Name S Bessit
Position EVP: SA Gold Segment
Company Sibanye Stillwater Limited
Nature of interest Direct and Beneficial
Nature of transaction On market sale of bonus shares
Transaction Date 9 November 2020
Number of Shares 40 315
Class of Security Ordinary shares
Market Price per share:
Low – R52.3500
High – R57.6500
sell price - R56.4374
Total Value R2 275 273,78
Vesting Period Vest in equal parts on 9 months and 18
months of the Grant Date
Name JD Mostert
Position EVP: Organisational Growth
Company Sibanye Stillwater Limited
Nature of interest Direct and Beneficial
Nature of transaction On market sale of bonus shares
Transaction Date 9 November 2020
Number of Shares 51 077
Class of Security Ordinary shares
Market Price per share:
Low – R52.3500
High – R57.6500
sell price - R56.4374
Total Value R2 882 653,08
Vesting Period Vest in equal parts on 9 months and 18
months of the Grant Date
Name TG Nkosi
Position EVP: Corporate Affairs
Company Sibanye Stillwater Limited
Nature of interest Direct and Beneficial
Nature of transaction On market sale of bonus shares
Transaction Date 9 November 2020
Number of Shares 43 635
Class of Security Ordinary shares
Market Price per share:
Low – R52.3500
High – R57.6500
sell price - R56.4374
Total Value R2 462 645,95
Vesting Period Vest in equal parts on 9 months and 18
months of the Grant Date
Name WDR Robinson
Position EVP: US PGM Segment
Company Sibanye Stillwater Limited
Nature of interest Direct and Beneficial
Nature of transaction On market sale of bonus shares
Transaction Date 9 November 2020
Number of Shares 52 984
Class of Security Ordinary shares
Market Price per share:
Low – R52.3500
High – R57.6500
sell price - R56.4374
Total Value R2 990 279,20
Vesting Period Vest in equal parts on 9 months and 18
months of the Grant Date
Dealing in securities by a director of major subsidiaries
In compliance with paragraphs 3.63 to 3.66 of the Listings Requirements,
shareholders are further advised that the director of a major subsidiary of
Sibanye-Stillwater being Mr Richard Stewart, Executive Director Stillwater Mining
Company traded as follows:
Name RA Stewart
Position EVP: Business Development
Company Sibanye Stillwater Limited
Nature of interest Direct and Beneficial
Nature of transaction On market sale of bonus shares
Transaction Date 9 November 2020
Number of Shares 54 296
Class of Security Ordinary shares
Market Price per share:
Low – R52.3500
High – R57.6500
sell price - R56.4374
Total Value R3 064 325,07
Vesting Period Vest in equal parts on 9 months and 18
months of the Grant Date
Name RA Stewart
Position EVP: Business Development
Company Sibanye Stillwater Limited
Nature of interest Direct and Beneficial
Nature of transaction On market sale of shares
Transaction Date 9 November 2020
Number of Shares 140 000
Class of Security Ordinary shares
Market Price per share: R57.00
Total Value R7 980 000,00
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
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
Website: www.sibanyestillwater.com
FORWARD LOOKING STATEMENTS
The information in this announcement may contain forward-looking statements within the meaning
of the “safe harbour” provisions of the United States Private Securities Litigation Reform
Act of 1995. These forward-looking statements, including, among others, those relating to
Sibanye Stillwater Limited’s (“Sibanye-Stillwater” or the “Group”) financial positions,
business strategies, plans and objectives of management for future operations, are necessarily
estimates reflecting the best judgment of the senior management and directors of Sibanye-
Stillwater.
All statements other than statements of historical facts included in this announcement may be
forward-looking statements. Forward-looking statements also often use words such as “will”,
“forecast”, “potential”, “estimate”, “expect” and words of similar meaning. By their nature,
forward-looking statements involve risk and uncertainty because they relate to future events
and circumstances and should be considered in light of various important factors, including
those set forth in this disclaimer. Readers are cautioned not to place undue reliance on such
statements.
The important factors that could cause Sibanye-Stillwater’s actual results, performance or
achievements to differ materially from those in the forward-looking statements include, among
others, our future business prospects; financial positions; debt position and our ability to
reduce debt leverage; business, political and social conditions in the United States, South
Africa, Zimbabwe and elsewhere; plans and objectives of management for future operations; our
ability to obtain the benefits of any streaming arrangements or pipeline financing; our
ability to service our bond instruments; changes in assumptions underlying Sibanye-
Stillwater’s estimation of their current mineral reserves and resources; the ability to
achieve anticipated efficiencies and other cost savings in connection with past, ongoing and
future acquisitions, as well as at existing operations; our ability to achieve steady state
production at the Blitz project; the success of Sibanye-Stillwater’s business strategy;
exploration and development activities; the ability of Sibanye-Stillwater to comply with
requirements that they operate in a sustainable manner; changes in the market price of gold,
PGMs and/or uranium; the occurrence of hazards associated with underground and surface gold,
PGMs and uranium mining; the occurrence of labour disruptions and industrial action; the
availability, terms and deployment of capital or credit; changes in relevant government
regulations, particularly environmental, tax, health and safety regulations and new
legislation affecting water, mining, mineral rights and business ownership, including any
interpretations thereof which may be subject to dispute; the outcome and consequence of any
potential or pending litigation or regulatory proceedings or other environmental, health and
safety issues; power disruptions, constraints and cost increases; supply chain shortages and
increases in the price of production inputs; fluctuations in exchange rates, currency
devaluations, inflation and other macro-economic monetary policies; the occurrence of
temporary stoppages of mines for safety incidents and unplanned maintenance; the ability to
hire and retain senior management or sufficient technically skilled employees, as well as
their ability to achieve sufficient representation of historically disadvantaged South
Africans in management positions; failure of information technology and communications
systems; the adequacy of insurance coverage; any social unrest, sickness or natural or man-
made disaster at informal settlements in the vicinity of some of Sibanye-Stillwater’s
operations; and the impact of HIV, tuberculosis and the spread of other contagious diseases,
such as coronavirus (“COVID-19”). Further details of potential risks and uncertainties
affecting Sibanye-Stillwater are described in Sibanye-Stillwater’s filings with the
Johannesburg Stock Exchange and the United States Securities and Exchange Commission.
These forward-looking statements speak only as of the date of the content. Sibanye-Stillwater
expressly disclaims any obligation or undertaking to update or revise any forward-looking
statement (except to the extent legally required).
Date: 11-11-2020 05:45:00
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