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ROYAL BAFOKENG PLATINUM LIMITED - Dealings in Terms of the RBPlat Share Schemes

Release Date: 20/05/2022 17:45
Code(s): RBP     PDF:  
Wrap Text
Dealings in Terms of the RBPlat Share Schemes

ROYAL BAFOKENG PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2008/015696/06)
JSE share code: RBP ISIN: ZAE000149936
("RBPlat" or the "Company")


Dealings In Terms Of The Rbplat Share Schemes

Shareholders are referred to the announcement released on 26 April 2022 which
confirmed the official retirement of the Chief Executive Officer and Chief
Operating Officer, detailing the number of RBPlat scheme shares that vested. In
accordance with paragraph 3.63 of the JSE Limited Listings Requirements (“the
Listings Requirements”), shareholders are advised of the share dealings in
respect of the vested RBPlat Bonus Share Plan (“BSP”) and the conditional
Forfeitable Share Plan (“FSP”).

The following off-market transactions in respect of the scheme shares for the
abovementioned executives are reported below.


Executive Director and CEO                                            DS Phiri
Date of transactions                                               20 May 2022
Class of share                                                 Ordinary shares
BSP shares vested                                                       26 268
FSP shares vested                                                      352 128
Total vested shares*                                                   378 396
FSP shares forfeited                                                   133 163
Price per share                                       R90 cash and 0.3 Implats
                                                        share per RBPlat share
Proceeds from sale of shares                      R34 055 640 cash and 113 519
                                                                Implats shares
Nature of transaction                             Off-market vesting of shares
                                                     and subsequent off-market
                                                                     disposal*
Clearance to deal                                                          Yes

Prescribed Officer                                                     NA Carr
Date of transactions                                               20 May 2022
Class of shares                                                Ordinary shares
BSP shares vested                                                       18 160
FSP shares vested (87 783 awarded)                                     208 048
Total vested shares*                                                   226 208
FSP shares forfeited                                                    78 570
Price per share                                       R90 cash and 0.3 Implats
                                                        share per RBPlat share
Proceeds from sale of shares                       R20 358 720 cash and 67 862
                                                                Implats shares
Nature of transaction                             Off-market vesting of shares
                                                     and subsequent off-market
                                                                     disposal*
Clearance to deal                                                          Yes

*The total number of vested shares have been tendered into the Impala Platinum
Limited (Implats) offer of R90 cash and 0.3 Implats share for each RBPlat share.
Cash proceeds will be used to settle the tax liability of the vested RBPlat
shares.


Johannesburg
20 May 2022
JSE Sponsor
Merrill Lynch South Africa Proprietary Limited t/a BofA Securities

For further enquiries, please contact:
Lester Jooste
Company Secretary
Tel: +27 (0)10 590 4519
Email: lester@bafokengplatinum.co.za

Date: 20-05-2022 05:45:00
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