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SIBANYE STILLWATER LIMITED - Sibanye-Stillwater receives notice from Appian Capital to commence legal proceedings

Release Date: 30/05/2022 10:54
Code(s): SSW     PDF:  
Wrap Text
Sibanye-Stillwater receives notice from Appian Capital to commence legal proceedings

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

Sibanye-Stillwater receives notice from Appian Capital to commence legal proceedings

Johannesburg, 30 May 2022. Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW)
confirms that on 27 May 2022 it received a Claim Form and Particulars of Claim (the
Claim) from BM Brazil 1 Fundo De Investimento EM Participacoes Multistrategia, BM
Brazil 2 Fundo De Investimento EM Participacoes Multistrategia and ANRH Cooperatief
U.A, affiliates of Appian Capital Advisory LLP (Appian). The Claim commences legal
proceedings before the High Court of England and Wales (Commercial Court) against the
Group following termination of the share purchase agreements (SPAs) it had concluded
with Appian for the acquisition of the Santa Rita and Serrote mines in Brazil.
Sibanye-Stillwater had terminated the SPAs on 24 January 2022 following a geotechnical
event at Santa Rita which it had concluded was and is reasonably expected to be
material and adverse to the business, financial condition, results of operations, the
properties, assets, liabilities or operations of Santa Rita.

Sibanye-Stillwater will defend the Claim.

About Sibanye-Stillwater

Sibanye-Stillwater is a multinational mining and metals Group with a diverse portfolio of
mining and processing operations and projects and investments across five continents. The
Group is also one of the foremost global PGM autocatalytic recyclers and has interests in
leading mine tailings retreatment operations. For more information, visit our website at
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

Ends.

FORWARD LOOKING STATEMENTS
This announcement contains forward-looking statements within the meaning of the “safe harbour”
provisions of the United States Private Securities Litigation Reform Act of 1995. All
statements other than statements of historical fact included in this announcement may be
forward-looking statements. Forward-looking statements may be identified by the use of words
such as “will”, “would”, “expect”, “forecast”, “potential”, “may”, “could”, “believe”, “aim”,
“anticipate”, “target”, “estimate” and words of similar meaning.

These forward-looking statements, including among others, those relating to Sibanye-Stillwater
Limited’s (“Sibanye-Stillwater”) future business prospects, financial positions, production
and operational guidance, climate and ESG-related statements, targets and metrics, plans and
objectives of management for future operations and ability to complete or successfully
integrate ongoing and future acquisitions, are necessarily estimates reflecting the best
judgement of Sibanye-Stillwater’s senior management. Readers are cautioned not to place undue
reliance on such statements. Forward-looking statements involve a number of known and unknown
risks, uncertainties and other factors, many of which are difficult to predict and generally
beyond the control of Sibanye-Stillwater that could cause its actual results and outcomes to

                                                                                             
be materially different from historical results or from any future results expressed or
implied by such forward-looking statements. As a consequence, these forward-looking statements
should be considered in light of various important factors, including those set forth in
Sibanye-Stillwater’s 2021 Integrated Annual Report and annual report on Form 20-F filed with
the United States Securities and Exchange Commission on 22 April 2022 (SEC File no. 333-
234096). These forward-looking statements speak only as of the date of this announcement.
Sibanye-Stillwater expressly disclaims any obligation or undertaking to update or revise any
forward-looking statement (except to the extent legally required).




                                                                                             

Date: 30-05-2022 10:54:00
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