Sibanye Gold Limited
(Reg. No. 2002/031431/06)
(Incorporated in the Republic of South Africa)
(“Sibanye Gold” or “the Company”)
Share code: SGL
ISIN – ZAE000173951
Issuer code: SGL
DEALING IN SECURITIES
Westonaria, 14 March 2017. In compliance with paragraphs 3.63 to
3.74 of the Listings Requirements of JSE Limited ("the Listings
Requirements") we hereby advise that Mr C Farrel has accepted
Performance and Bonus Shares granted on 1 March 2017 (“the Grant
Date”), in terms of the Sibanye Gold 2013 Share Plan as set out
below.
The award is subject to the application of a performance
condition on vesting that will range from 0 to 100%. The
performance condition is 70% based on Sibanye’s total return to
shareholders over the 3 year vesting period compared to a peer
group comprised of eight comparable South African listed mining
companies and 30% based on the extent to which Sibanye’s return
on capital employed has exceeded the company’s cost of capital.
In addition, 20% of the vesting is subject to forfeiture in the
event of material and significant environmental, social or
governance malpractice over the vesting period at the discretion
of the Remuneration Committee.
Bonus Shares are linked to the annual bonus whereby the
equivalent of two-thirds of the cash bonus is granted in Bonus
Shares. Both grants were made at the 3 day VWAP prior to grant
date of R27.4834.
Details of the transaction are set out below:
Name
C Farrel
Position
Company Secretary
Company
Sibanye Gold Limited
No of Performance Shares
granted
164 376
No of Bonus Shares granted
11 448
Deemed value of Bonus Shares
granted
R314 629.96
Performance Share and Bonus
Share strike price
Nil
Date of acceptance of grant
13 March 2017
Class of underlying security
to which rights attach
Ordinary shares
Nature of transaction
Off market acceptance of Performance
Shares and Bonus Shares
Vesting Period
The Performance Shares vest on the
third anniversary of the Grant Date
and the Bonus Shares vest in equal
parts on 9 months and 18 months of
the Grant Date
Nature of interest
Direct and Beneficial