Stakeholder
Communication

Press releases

    Directors' and Company Secretary dealings in terms of the RBPlat rights offer

    15 April 2014

    Shareholders are further advised that the Executive Directors of the Company as well as a Director of Royal Bafokeng Resources (Pty) Limited and the Company Secretary have elected to follow their rights pertaining to their direct beneficial shareholding in terms of the RBPlat Rights Offer, and in some instances, apply for excess rights, resulting in the following ordinary shares being issued to such individuals:

    SD Phiri (Chief Executive Officer)  
    Shareholding prior to the Rights Offer: 148 348
    Rights Offer shares issued 12 165
    Price per share: R55.00
    Value of Rights Offer shares: R669 075.00
    Shareholding post the Rights Offer: 160 513
    MJL Prinsloo (Chief Financial Officer)  
    Shareholding prior to the Rights Offer: 122 548
    Rights Offer shares issued 10 050
    Excess Rights Offer shares applied for and issued 565
    Price per share:   R55.00
    Value of Rights Offer shares: R583 825.00
    Shareholding post the Rights Offer: 133 163
    NJ Muller (Chief Operating Officer)  
    Shareholding prior to the Rights Offer: 38 459
    Rights Offer shares issued 3 154
    Price per share: R55.00
    Value of Rights Offer shares: R173 470.00
    Shareholding post the Rights Offer: 41 613
    KV Tlhabanelo (Director of Royal Bafokeng Resources (Pty) Limited, a Major Subsidiary)
    Shareholding prior to the Rights Offer: 43 246
    Rights Offer shares issued 3 546
    Price per share: R55.00
    Value of Rights Offer shares: R195 030.00
    Shareholding post the Rights Offer: 46 792
    LC Jooste (Company Secretary)  
    Shareholding prior to the Rights Offer: 22 452
    Rights Offer shares issued 1 841
    Price per share: R55.00
    Value of Rights Offer shares: R101 255.00
    Shareholding post the Rights Offer: 24 293

    The transactions were undertaken on market and prior clearance to deal was obtained.

    Further to the above, the Board of Directors, on recommendation of the Remuneration and Nomination Committee, followed the rights in respect of all shares held in escrow with regard to the RBPlat Bonus Share Plan and the RBPlat Mahube Share Trust resulting in a total of 118 876 Rights Offer shares being issued at a value of R55.00 each, totalling R6 538 180.00. The Rights Offer shares issued and attributable to the indirect beneficial shares held on behalf of Directors, a Director of a major subsidiary and the Company Secretary are as follows:

    SD Phiri (Chief Executive Officer)  
    Indirect shareholding prior to the Rights Offer: 81 498
    Rights Offer shares issued 6 683
    Price per share: R55.00
    Value of Rights Offer shares: R367 565.00
    Indirect shareholding post the Rights Offers: 88 181
    MJL Prinsloo (Chief Financial Officer)  
    Indirect shareholding prior to the Rights Offer: 65 431
    Rights Offer shares issued 5 366
    Price per share: R55.00
    Value of Rights Offer shares: R295 130.00
    Indirect shareholding post the Rights Offers: 70 797
    NJ Muller (Chief Operating Officer)  
    Indirect shareholding prior to the Rights Offer: 65 609
    Rights Offer shares issued 5 380
    Price per share: R55.00
    Value of Rights Offer shares: R295 900.00
    Indirect shareholding post the Rights Offers: 70 989
    KV Tlhabanelo (Director of Royal Bafokeng Resources (Pty) Limited, a Major Subsidiary)
    Indirect shareholding prior to the Rights Offer: 50 453
    Rights Offer shares issued 4 137
    Price per share: R55.00
    Value of Rights Offer shares: R227 535.00
    Indirect shareholding post the Rights Offers: 54 590
    LC Jooste (Company Secretary)  
    Indirect shareholding prior to the Rights Offer: 22 680
    Rights Offer shares issued 1 860
    Price per share: R55.00
    Value of Rights Offer shares: R102 300.00
    Indirect shareholding post the Rights Offers: 24 540

    The indirect beneficial scheme shares along with the attributable Rights Offer shares issued to eligible employees will vest as normal in terms of the respective scheme rules.

    Johannesburg
    15 April 2014

    JSE Sponsor
    Macquarie First South Capital (Pty) Limited

    For further enquiries, please contact:

    Lester Jooste
    Company Secretary
    Tel: +27 (0)10 590 4519
    Email: lester@bafokengplatinum.co.za