6-K
Drdgold Ltd (DRD)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
FORM 6-K
REPORT OF A FOREIGN PRIVATE
ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
December 8, 2022
Commission File Number 0-28800
______________________
DRDGOLD Limited
Constantia Office Park
Cnr 14th Avenue and Hendrik Potgieter Road
Cycad House, Building 17, Ground Floor
Weltevreden Park 1709
(
Address of principal executive offices
)
______________________
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-
F or Form 40-F.
Form 20-F
☑
Form 40-F
☐
Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by
Regulation S-T Rule 101(b)(1):
☐
Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by
Regulation S-T Rule 101(b)(7):
☐
Exhibit
99.1
Release dated December 8, 2022, “DEALINGS IN SECURITIES”
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned, thereunto duly authorized.
DRDGOLD LIMITED
Date: December 8, 2022
By: /s/ Riaan Davel
Name: Riaan Davel
Title: Chief Financial Officer
Exhibit 99.1
DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
ISIN: ZAE000058723
JSE share code: DRD
NYSE trading symbol: DRD
(“
DRDGOLD
”)
DEALINGS IN SECURITIES
Shareholders of DRDGOLD (“
Shareholders
”) are advised that in terms of the
equity settled long-term incentive
scheme
(“
LTI
Scheme
”),
as
approved
by
Shareholders
on
2
December
2019,
qualifying
employees
(“
Participants
”) are awarded conditional
shares on an annual
basis, comprising performance shares (80%
of the
total conditional shares awarded)
and retention shares (20%
of the total
conditional shares awarded) (“
Awards
”).
Awards vest 3 years after grant
date (“
Vesting Period
”), subject to the rules
of the LTI Scheme, including certain
performance conditions being met. Notwithstanding the Vesting Period, the LTI Scheme made provision for 50%
of the Awards made in December 2019
(“
2019 Awards
”) to vest in December 2021
(being 2 years after the
grant
date) and the remaining 50% to
vest in December 2022 (being 3
years after the grant date),
subject to the rules
of the LTI
Scheme. Vested
Awards are settled in the form of
DRDGOLD ordinary shares (“
DRDGOLD Shares
”)
at a zero-exercise price.
DRDGOLD
hereby
advises
Shareholders
of
the
off-market
vesting
of
50%
of
the
2019
Awards
to
directors,
prescribed
officers
and the
company secretary
of DRDGOLD
and its
major
subsidiaries
on 2
December
2022
(“
Vesting
”),
the
deemed
value
of
which
is
based
on
the
closing
price
of
a
DRDGOLD
Share
on
the
date
immediately preceding the date of Vesting,
being R11.80 on 1 December
2022.
Furthermore,
various
Participants have
elected to
dispose
of all
or a
portion of
the vested
DRDGOLD
Shares
(“
Relevant
DRDGOLD
Shares
”).
Accordingly,
in
order
to
facilitate
the
disposal
of
the
Relevant
DRDGOLD
Shares,
a
pooled
sale
arrangement
has
been
put
in
place
in
terms
of
which
the
aggregate
of
the
Relevant
DRDGOLD
Shares
are
being
disposed
of,
by
an
independent
third
party,
through
various
on-market
trades
(“
Sales
”).
The details of the Vesting and
Sales
(to date) are set out below:
Vesting
Company Name
Number of
conditional
shares subject
to Vesting
Performance
shares
Retention
shares
Deemed value
of vested
conditional
shares
Directors
Niël Pretorius
DRDGOLD
534 660
427 728
106 932
R6 308 988.00
Riaan Davel
DRDGOLD
258 761
207 009
51 752
R3 053 379.80
Henry Gouws
Ergo Mining
Proprietary Limited
(“
Ergo
”)
177 497
141 998
35 499
R2 094 464.60
Mark Burrell
Ergo
117 638
94 110
23 528
R1 388 128.40
Henriette
Hooijer
Far West Gold
Recoveries
Proprietary Limited
(“
FWGR
”)
80 292
64 234
16 058
R947 445.60
Kevin Kruger
FWGR
146 977
117 582
29 395
R1 734 328.60
Prescribed
officer
Jaco
Schoeman
DRDGOLD
258 761
207 009
51 752
R3 053 379.80
Prescribed
officer and
company
secretary
Elise Beukes
DRDGOLD
38 181
30 545
7 636
R450 535.80
Sales
Date of Sale
Number of
DRDGOLD
Shares sold
Price per DRDGOLD Share
Total value of Sale
2 December 2022
23 716
638 000
Trade 1
:
Various different
trades with the
following price information:
-
volume weighted average price
(“
VWAP
”) of R11.5277
-
highest price of R11.70
-
lowest price of R11.50
Trade 2:
R11.45
R273 390.93
R7 305 100.00
5 December 2022
97 701
Various different
trades with the
following price information:
-
VWAP of R11.5756
-
highest price of R11.80
-
lowest price of R11.55
R1 130 947.70
6 December 2022
399 172
Various different
trades with the
following price information:
-
VWAP of R11.
3387
-
highest price of R11.41
-
lowest price of R11.30
R4 526 091.56
7 December 2022
390 306
R11.35
R4 429 973.10
Further Sales are expected to be implemented,
the details of which will be announced on SENS
in due course.
In compliance with paragraph 3.66 of the JSE Limited Listings Requirements, prior clearance was obtained from
the chairman
of the
board of
directors of
DRDGOLD. The
nature and
extent of
the Participants’
interest in
the
abovementioned transactions is direct beneficial, which transactions
were completed outside of a closed period.
Johannesburg
8 December 2022
Sponsor
One Capital