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
For October 2021
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
South Africa
(
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 whether the registrant by furnishing the information contained in this
Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-
2(b) under the Securities Exchange Act of 1934.
Yes
☐
No
☑
If ''Yes''
is marked, indicate below the file number assigned to the registrant in connection
with Rule 12g3-2(b): N/A
Attached to the Registrant Form 6-K filing for the month of October 2021, incorporated by
reference herein:
Exhibit
99.1
Release dated October 26, 2021, “DEALINGS IN SECURITIES - ACCEPTANCE OF
AWARDS
”
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: October 26, 2021
By: /s/ Riaan Davel
Name: Riaan Davel
Title: Chief Financial Officer
Exhibit 99.1
On
2
December
2019,
shareholders
of
DRDGOLD
(“
Shareholders
”)
approved
an
equity
settled
long-term
incentive
scheme
(“
LTI Scheme
”)
to
replace
the
cash
settled
long-term
incentive
scheme
established in November 2015. Under
the LTI
Scheme, qualifying employees 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). Conditional
shares vest
3 years
after grant
date, subject
to the
rules of
the LTI Scheme, including
certain performance
conditions
being
met, and
will
be
settled in
the form
of DRDGOLD
ordinary shares
(“
DRDGOLD Shares
”) at
a
zero-exercise price.
DRDGOLD hereby advises Shareholders of the following acceptances of awards
of conditional shares
in terms of the
LTI
Scheme (“
Awards
”) by directors, prescribed
officers and the company
secretary of
DRDGOLD:
Nature of transactions:
Acceptance of Awards
Class of securities:
Conditional
shares,
comprising
80%
performance
shares
and
20%
retention
shares,
which
will
be
settled
in
DRDGOLD
Shares
upon
vesting,
in
accordance with the rules of the LTI Scheme
Nature and extent of interest:
Direct beneficial
Transactions completed on-market:
No
Name of director:
Niël Pretorius
Date of acceptance of Award:
26 October 2021
Number of conditional shares:
549 986 (439 989 performance shares and
109 997
retention shares)
Vesting date:
20 October 2024
Strike price:
Rnil
Deemed value of transaction:
R7 452
310.30
(based
on
the
DRDGOLD
Share
price
on
the
grant
date,
being
R13.55
on
20 October 2021)
The
table
below
provides
a
summary
of
the
participation
by
Mr
Niël
Pretorius
in
the
LTI
Scheme,
following the acceptance of abovementioned Award:
Grant date
Number of conditional
shares awarded
Deemed value
(note 1)
Vesting date
2 December 2019
1 069 321 (855 457
performance shares and
213 864 retention shares)
R6 576 324.15
2 December 2021 and
2 December 2022
(note 2)
22 October 2020
332 497 (265 998
performance shares and
66 499 retention shares)
R6 460 416.71
22 October 2023
20 October 2021
549 986 (439 989
performance shares and
109 997 retention shares)
R7 452 310.30
20 October 2024
Notes:
1.
Deemed value
is
based
on the
DRDGOLD
Share
price
on the
grant
date, being
R6.15 on
2 December 2019,
R19.43
on
22 October 2020 and R13.55 on 20 October 2021.
2.
The LTI Scheme made provision for 50%
of the Awards made in
December 2019 to vest in 2021
(being 2 years after
the grant
date) and the remaining 50% to vest in December 2022 (being 3 years after the grant date).
Name of director:
Riaan Davel
Date of acceptance of Award:
26 October 2021
Number of conditional shares:
292 796
(234 237
performance shares
and 58
559
retention shares)
Vesting date:
20 October 2024
Strike price:
Rnil
Deemed value of transaction:
R3 967
385.80
(based
on
the
DRDGOLD
Share
price
on
the
grant
date,
being
R13.55
on
20 October 2021)
The table
below provides
a summary
of the
participation by
Mr Riaan
Davel in
the LTI Scheme, following
the acceptance of abovementioned Award:
Grant date
Number of conditional shares
awarded
Deemed value
(note 1)
Vesting date
2 December 2019
517 522 (414 018 performance
shares and 103 504 retention
shares)
R3 182 760.30
2 December 2021 and
2 December 2022
(note 2)
22 October 2020
160 919 (128 735 performance
shares and 32 184 retention
shares)
R3 126 656.17
22 October 2023
20 October 2021
292 796 (234 237 performance
shares and 58 559 retention
shares)
R3 967 385.80
20 October 2024
Notes:
1.
Deemed value
is
based
on the
DRDGOLD
Share
price
on the
grant
date, being
R6.15 on
2 December 2019,
R19.43
on
22 October 2020 and R13.55 on 20 October 2021.
2.
The LTI Scheme made provision for 50%
of the Awards made in
December 2019 to vest in 2021
(being 2 years after
the grant
date) and the remaining 50% to vest in December 2022 (being 3 years after the grant date).
Name of prescribed officer:
Jaco Schoeman
Date of acceptance of Award:
26 October 2021
Number of conditional shares:
292
796
(234 237 performance
shares and
58
559
retention shares)
Vesting date:
20 October 2024
Strike price:
Rnil
Deemed value of transaction:
R3 967
385.80
(based
on
the
DRDGOLD
Share
price
on
the
grant
date,
being
R13.55
on
20 October 2021)
The
table below
provides a
summary of
the participation
by
Mr
Jaco
Schoeman in
the LTI
Scheme,
following the acceptance of abovementioned Award:
Grant date
Number of conditional shares
awarded
Deemed value
(note 1)
Vesting date
2 December 2019
517 522 (414 018 performance
shares and 103 504 retention
shares)
R3 182 760.30
2 December 2021 and
2 December 2022
(note 2)
22 October 2020
160 919 (128 735 performance
shares and 32 184 retention
shares)
R3 126 656.17
22 October 2023
20 October 2021
292 796 (234 237 performance
shares and 58 559 retention
shares)
R3 967 385.80
20 October 2024
Notes:
1.
Deemed value
is
based
on the
DRDGOLD
Share
price
on the
grant
date, being
R6.15 on
2 December 2019,
R19.43
on
22 October 2020 and R13.55 on 20 October 2021.
2.
The LTI Scheme made provision for 50%
of the Awards made in
December 2019 to vest in 2021
(being 2 years after
the grant
date) and the remaining 50% to vest in December 2022 (being 3 years after the grant date).
Name of prescribed officer / company secretary:
Elise Beukes
Date of acceptance of Award:
26 October 2021
Number of conditional shares:
39 275
(31
420
performance
shares
and
7 855
retention shares)
Vesting date:
20 October 2024
Strike price:
Rnil
Deemed value of transaction:
R532 176.25 (based on
the DRDGOLD Share price
on
the
grant
date,
being
R13.55
on
20 October 2021)
The
table
below
provides
a
summary
of
the
participation
by
Ms
Elise
Beukes
in
the
LTI
Scheme,
following the acceptance of abovementioned Award:
Grant date
Number of conditional
shares awarded
Deemed value (note 1)
Vesting date
2 December 2019
76 362 (61 090
performance shares and
15 272 retention shares)
R469 626.30
2 December 2021 and
2 December 2022
(note 2)
22 October 2020
23 744 (18 995
performance shares and
4 749 retention shares)
R461 345.92
22 October 2023
20 October 2021
39 275 (31 420
performance shares and
7 855 retention shares)
R532 176.25
20 October 2024
Notes:
1.
Deemed value
is
based
on the
DRDGOLD
Share
price
on the
grant
date, being
R6.15 on
2 December 2019,
R19.43
on
22 October 2020 and R13.55 on 20 October 2021.
2.
The LTI Scheme made provision for 50%
of the Awards made in
December 2019 to vest in 2021
(being 2 years after
the grant
date) and the remaining 50% to vest in December 2022 (being 3 years after the grant date).
In
compliance
with
paragraph
3.66
of
the
Johannesburg
Stock
Exchange
(“
JSE
”)
Limited
Listings
Requirements, prior clearance was obtained from the chairman of
the board of directors of DRDGOLD.
The abovementioned transactions were completed outside of a closed period.
Johannesburg
October 27, 2021
Sponsor
One Capital