Drdgold Ltd 6-K, filed Dec 8, 2022
Drdgold Ltd (DRD)
6-K
2022-12-08
For: 2022-12-08
View Original
Added on
April 11, 2026
About this 6-K
Drdgold Ltd filed this 6-K on December 8, 2022.
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
☑
☐
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
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