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”)
Dealings in securities
Johannesburg, 10 May 2019. In compliance with paragraphs 3.63 to 3.74 of the
Listings Requirements of JSE Limited ("the Listings Requirements") we hereby
advise that Messrs NJ Froneman and C Keyter had accepted Performance and
Bonus Shares granted on 1 March 2019 (“the Grant Date”), in terms of the
Sibanye Gold 2017 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-Stillwater’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-
Stillwater’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 R15.3479.
Details of the transaction are set out below:
Name
NJ Froneman
Position
Chief Executive Officer
Company
Sibanye Gold Limited
No of Performance Shares
granted
2 926 591
No of Bonus Shares granted
375 852
Deemed value of Bonus Shares
granted
R5 768 538.91
Performance Share and Bonus
Share strike price
Nil
Date of acceptance of grant 10 May 2019
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