Wrap Text
Sale Of Shares By A Director Of A Major Subsidiary Company
Valterra Platinum Limited
(previously Anglo American Platinum Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 1946/022452/06)
JSE Share Code: VAL
LSE Share Code: VALT
ISIN: ZAE000013181
("the Company" or "Valterra Platinum")
6 November 2025
SALE OF SHARES BY A DIRECTOR OF A MAJOR SUBSIDIARY COMPANY TO SETTLE TAX OBLIGATIONS WITH RESPECT
TO THE VESTING OF SHARE AWARDS
The Company advises of the sale of shares with respect to the vesting of a BSP award granted on commencement
of employment. This award was a sign on award of 9,047 ordinary shares at a price of R607.9351, with a total value
of R5,5 million and which vested on 1 November 2025 in line with the timing of incentives lost due to sign on with
the Company. The award is subject to a claw back in the event of resignation within a period of three years. The
following transaction is an on market sale of BSP shares to settle tax obligations associated with the vesting of the
share award after the holding period:
Director : Willem Theron
Company : Rustenburg Platinum Mines Limited (a major subsidiary of Valterra
Platinum)
Transaction date : 3 November 2025
Nature of transaction : On market sale of BSP shares which vested on 1 November
2025
Class of securities : Ordinary shares
Number of shares : 4,207
Price per share : R1,074.0743
Transaction value : R4,518,630.5801
Nature of interest : Direct beneficial
Clearance obtained : Yes
SIGN ON LONG-TERM INCENTIVE PLAN ("LTIP") AWARDS
The Company also advises the allocation of conditional awards in terms of the company's LTIP to recognise the
incentive awards lost due to sign-on with the Company.
The sign on LTIP awards are subject to the performance conditions and vesting period applicable to the Company's
LTIP, the details of which are set out in the Remuneration Report contained within the 2024 Governance Report
available on the company website – www.valterraplatinum.com.
Director : Willem Theron
Company : Rustenburg Platinum Mines Limited (a major subsidiary of Valterra
Platinum)
Date of acceptance : 1 March 2025
Nature of transaction : Off-market acceptance of LTIP 2024 conditional award originally
granted to participants on 22 April 2024
Class of securities : Ordinary shares
Number of securities : 10,544
Price per share : R806.1127
Transaction value : R8,500,000.00
Vesting period Three years after the original grant of LTIP 2024 on certain performance
conditions being met.
Nature of interest : Direct beneficial
Clearance obtained : Yes
The number of shares awarded is determined by the 10-day volume weighted average price immediately prior
to original award date of 22 April 2024.
Director : Willem Theron
Company : Rustenburg Platinum Mines Limited (a major subsidiary of Valterra
Platinum)
Date of acceptance : 8 May 2025
Nature of transaction : Off-market acceptance of LTIP 2025 conditional award granted
on 8 May 2025
Class of securities : Ordinary shares
Number of securities : 14,849
Price per share : R639,84
Transaction value : R9,500,000.00
Vesting period Three years after grant on certain performance conditions being met.
Nature of interest : Direct beneficial
Clearance obtained : Yes
The number of shares awarded is determined by the 10-day volume weighted average price immediately prior to
original award date of 8 May 2025.
TRANSFORMATION AWARD
The Company advises of the allocation of a Transformation Award. The Transformation Award is an extraordinary,
one-off incentive to certain employees, prescribed officers and executive directors linked to the business
transformation, and successful delivery of the demerger and action plan. The award vests on 1 October 2027 and is
subject to performance conditions. The details of the Transformation Award are set out in the Remuneration Report
contained within the Company's 2024 Governance Report.
Director : Willem Theron
Company : Rustenburg Platinum Mines Limited (a major subsidiary of Anglo
American Platinum)
Transaction date : 20 March 2025
Nature of transaction : Off market acceptance of conditional awards granted on 20
March 2025
Class of securities : Ordinary shares
Number of shares : 5,726
Price per share : R611.20
Transaction value : R3,500,000
Nature of interest : Direct beneficial
Clearance obtained : Yes
The number of shares awarded is determined by the 10-day volume weighted average price immediately prior to
the award date of 20 March 2025.
JSE Sponsor:
Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities
For further information, please contact:
Company Secretary
Fiona Edmundson
fiona.edmundson@valterraplatinum.com
Investors:
Leroy Mnguni
leroy.mnguni@valterraplatinum.com
Marcela Grochowina
marcela.grochowina@valterraplatinum.com
Media:
Cindy Maneveld
cindy.maneveld@valterraplatinum.com
About Valterra Platinum
Valterra Platinum Limited is one of the world's leading integrated producers of platinum group metals (PGMs) with
a primary listing on the Johannesburg Stock Exchange and a secondary listing on the London Stock Exchange. With
a portfolio of world class, long-life mines and the most efficient processing assets in the industry, the company
responsibly mines, smelts and refines PGMs and associated co-products from its operations located in South Africa
and Zimbabwe. With its integrated value chain, supported by marketing hubs in London, Singapore and Shanghai,
the company delivers tailored solutions for its customers. The Company continues to integrate sustainability into
everything it does, supports investment in its mining and processing capabilities and pursues market development
activities to grow and commercialise new demand segments. It also makes a meaningful impact to communities
around its operations and will deliver consistent and superior returns to shareholders. Valterra Platinum is
committed to zero harm, capital allocation discipline and delivering on our value-accretive strategic priorities as a
standalone, leading integrated PGM producer, guided by our purpose of unearthing value to better our world.
Date: 06-11-2025 09:00:00
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