To view the PDF file, sign up for a MySharenet subscription.

SIBANYE GOLD LIMITED - Director dealings

Release Date: 09/10/2019 15:57
Code(s): SGL     PDF:  
Wrap Text
Director dealings

Sibanye Gold Limited
Trading as Sibanye-Stillwater
Incorporated in the Republic of South Africa
Registration number 2002/031431/06
Share code: SGL
ISIN – ZAE000173951
Issuer code: SGL
(“Sibanye-Stillwater” or “the Group” or “the Company”)

Director dealings

Johannesburg, 9 October 2019. Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL)
in compliance with paragraphs 3.63 to 3.66 of the Listings Requirements of the JSE
Limited ("the Listings Requirements") hereby advises shareholders that Neal
Froneman, CEO and an Executive Director of Sibanye-Stillwater has replaced an
existing equity funding arrangement which was implemented on 21 June 2018, with a
new financing structure in the form of a zero premium collar over 4 262 348 of Mr
Froneman’s ordinary shares, which have been used as collateral under this arrangement

Name                                  :   NJ Froneman
Position                              :   Chief Executive Officer
Company                               :   Sibanye-Stillwater
Date of transaction                       8 October 2019
Class of securities                   :   Ordinary shares in Sibanye Gold
                                          Ltd.
Nature of transactions                :   Zero premium collars over
                                          4 262 348 ordinary shares of the
                                          Company, with a put strike price
                                          of R19.06 and call strike price
                                          of R33.35 and expiring on 8
                                          October 2020
Nature of interest                    :   Direct beneficial
Clearance obtained                    :   Yes


Richard Stewart, an Executive Director of Stillwater Mining Company, a major
subsidiary of Sibanye-Stillwater, has also concluded trades in the Company’s shares
as detailed below:

Name                                  :   RA Stewart
Position                              :   Executive Director
Company                               :   Stillwater Mining Company
Date of transaction                       8 October 2019
Class of securities                   :   Ordinary shares in Sibanye Gold
                                          Ltd.
Nature of transactions                :   On market sale of shares
Nature of interest                    :   Direct beneficial
Number of shares                      :   100 000
Market price per share                :   R24.50
Value of transaction (excluding       :   R2 450 000
costs)
Clearance obtained                    :   Yes
Contacts:
Email: ir@sibanyestillwater.com

James Wellsted
Head of Investor Relations
+27 (0) 83 453 4014


Sponsor: J.P. Morgan Equities South Africa (Proprietary) Limited

FORWARD LOOKING STATEMENTS
This announcement includes “forward-looking statements” within the meaning of the “safe
harbour” provisions of the United States Private Securities Litigation Reform Act of 1995.
Forward-looking statements may be identified by the use of words such as “target”, “will”,
“forecast”, “expect”, “potential”, “intend”, “estimate”, “anticipate”, “can” and other
similar expressions that predict or indicate future events or trends or that are not
statements of historical matters. The forward-looking statements set out in this announcement
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 Sibanye-Stillwater’s actual results and outcomes to be materially different from
historical results or from any future results expressed or implied by such forward-looking
statements. These forward-looking statements speak only as of the date of this announcement.
Sibanye-Stillwater undertakes no obligation to update publicly or release any revisions to
these forward-looking statements to reflect events or circumstances after the date of this
announcement or to reflect the occurrence of unanticipated events, save as required by
applicable law.

Date: 09/10/2019 03:57:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story