(businesspress24) -
Johannesburg, 1 December 2020. Sibanye-Stillwater, (Tickers JSE: SSW and NYSE: SBSW) (https://www.commodity-tv.com/ondemand/companies/profil/sibanye-stillwater-ltd/) in compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, discloses the following:
Name NJ Froneman
Position Chief Executive Officer
Date of transaction 27 November 2020
Company Sibanye-Stillwater
Limited
Nature of interest Direct beneficial
Class of securities Ordinary shares
Nature of transaction Off-market restructure
of collar hedge over
4
744 961 ordinary shares
of the Company with a
put strike price of
R40.00, call strike
price of R80.00 and
expiry on 29 November
2021
Total value of transaction R189,798,440
Mr Froneman entered into and restructured existing equity funding arrangements with a financial institution, which consisted of loan agreements securitised by simultaneous collar hedges and equity lending transactions. The transactions contained in this announcement relate to restructuring of existing hedges previously disclosed in dealings announcements dated 9 October 2019 and 12 December 2019.
In terms of paragraph 3.66 of the Listings Requirements, the necessary clearance to deal in the above securities has been obtained
Investor relations contact:
Email: ir(at)sibanyestillwater.com
James Wellsted
Head of Investor Relations
Tel: +27 (0) 83 453 4014
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
Website: www.sibanyestillwater.com
In Europa:
Swiss Resource Capital AG
Jochen Staiger
info(at)resource-capital.ch
www.resource-capital.ch
More information:
http://https://www.osd2u.com.my/
https://
Date: 12/01/2020 - 11:12
Language: English
News-ID 1562748
Character count: 3468
Kontakt-Informationen:
Firma: Sibanye Stillwater
Ansprechpartner:
Stadt: Wien
Telefon:
Meldungsart:
Versandart:
Freigabedatum:
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