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DRDGOLD LIMITED - Dealings in securities

Release Date: 20/11/2024 08:00
Code(s): DRD     PDF:  
Wrap Text
Dealings in securities

DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
ISIN: ZAE000058723
JSE & A2X share code: DRD
NYSE trading symbol: DRD
("DRDGOLD" or the "Company")

DEALINGS IN SECURITIES

In terms of the DRDGOLD equity settled long-term incentive scheme approved by shareholders of
DRDGOLD ("Shareholders") on 2 December 2019 ("LTI Scheme"), qualifying employees
("Participants") are awarded conditional shares on an annual basis, comprising performance shares
(80% of the total conditional shares awarded) and retention shares (20% of the total conditional shares
awarded) ("Award").

Awards vest 3 years after the grant date, subject to the rules of the LTI Scheme, including certain
performance conditions being met. Vested Awards are settled in the form of DRDGOLD ordinary shares
("DRDGOLD Shares") at a zero-exercise price.

DRDGOLD hereby advises Shareholders of the following dealings in securities by Mr Ryno Bornman,
an alternate director of Ergo Mining Proprietary Limited ("Ergo"), a major subsidiary of DRDGOLD:

Sale of vested shares:

Further to the announcement published by the Company on SENS on 24 October 2024 wherein
Shareholders were advised that:

-   various Participants had elected to dispose of all or a portion of the vested DRDGOLD Shares
    ("Relevant DRDGOLD Shares"), pursuant to the off-market vesting of the Awards made on
    20 October 2021 to executive directors and prescribed officers of DRDGOLD and executive
    directors of its major subsidiaries on 20 October 2024; and
-   in order to facilitate the disposal of the Relevant DRDGOLD Shares, a pooled sale arrangement
    was put in place in terms of which the aggregate of the Relevant DRDGOLD Shares were disposed
    of, by an independent third party, through various on-market trades ("Sales").

The apportionment of the proceeds of the Sales to Mr Bornman is set out below:
   
    Number of DRDGOLD Shares sold:                 10 564
    Date of sale:                                  21 October 2024
    Price per DRDGOLD Share:                       Various different trades with the following price
                                                   information:
                                                   – volume weighted average price of R22.0525
                                                   – highest price of R22.43
                                                   – lowest price of R21.70
    Total value of DRDGOLD Shares sold:            R232 962.61
    Class of securities:                           DRDGOLD Shares

Acceptance of Award by Mr Bornman:

    Class of securities:                           Conditional shares, comprising 80%
                                                   performance shares and 20% retention shares,
                                                   which will be settled in DRDGOLD Shares upon
                                                   vesting, in accordance with the rules of the LTI
                                                   Scheme
    Date of acceptance of Awards:                  28 October 2024
    Vesting date:                                  22 October 2027
    Number of conditional shares:                  58 522 (46 818 performance shares and
                                                   11 704 retention shares)
    Deemed price per DRDGOLD Share:                R21.81 (based on the DRDGOLD Share price on
                                                   the grant date, being 22 October 2024)
    Deemed value of transaction:                   R1 276 364.82
    Strike price:                                  Rnil
    Transaction completed:                         Off-market

In compliance with paragraph 3.66 of the JSE Limited Listings Requirements, prior clearance was
obtained from the chairman of the board of directors of DRDGOLD. The nature and extent of the
alternate director's interest in the abovementioned transactions is direct beneficial.


Johannesburg
20 November 2024

Sponsor
One Capital

Date: 20-11-2024 08:00:00
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