www.sibanyestillwater.com
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES
AND POSSESSIONS, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE
U.S. SECURITIES ACT OF 1933) OR IN OR INTO ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION WOULD BE
PROHIBITED BY APPLICABLE LAW
MARKET RELEASE
Results of share placing
Johannesburg, 10 April 2019: Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL) is pleased to
announce the successful completion of the placing announced yesterday (the "Placing").
A total of 108,932,356 new ordinary no par value shares in the authorized share capital of Sibanye-
Stillwater have been placed with existing and new institutional investors (the "Placing Shares") at a price
of R15.50 per share (the "Placing Price"), raising gross proceeds of approximately ZAR1.7 billion / US$120
million (the "Proceeds"). J.P. Morgan Securities plc (the “Manager”) was the sole bookrunner in
connection with the Placing.
The Placing Shares being issued represent, in aggregate, approximately 5 per cent of the Company’s
issued ordinary share capital prior to the Placing. The Placing Price represents a discount of 2 per cent
to the 30 day VWAP on 9 April 2019 which is in compliance with Section 5.52 of the JSE Listings
Requirements. The Placing Shares, when issued, will rank pari passu in all respects with the existing
Sibanye-Stillwater ordinary shares in issue, including the right to receive all dividends and other
distributions declared, made or paid after the date of issue thereof.
An application will be made to the JSE Limited ("JSE") for the listing of the Placing Shares. Subject to
approval by the JSE, Listing and trading (“Admission”) of the Placing Shares are expected to occur on
the JSE on or around 15 April 2019 (or such later date as may be agreed between the Company and
the Manager) and dealings in the Placing Shares are expected to commence at the same time. The
Placing is conditional upon, amongst other things, Admission of the Placing Shares on the JSE becoming
effective and the placing agreement between the Company and the Manager not being terminated
in accordance with its terms prior to Admission.
Placing Shares purchased by persons outside of the United States may not be deposited into the
Company’s American Depositary Share program until at least 40 days after settlement of the Placing.
Following Admission, the Company's issued share capital will comprise 2,375,192,847 ordinary shares. This
figure may be used by shareholders in the Company as the denominator for the calculations by which
they will determine if they are required to notify their beneficial interest in, or a change to their
beneficial interest in, the Company's ordinary shares under section 122 of the South African Companies
Act of 2008.
Sibanye Gold Limited
Trading as Sibanye-Stillwater
Reg. 2002/031431/06
Incorporated in the Republic of South Africa
Share code: SGL
ISIN – ZAE000173951
Issuer code: SGL
(“Sibanye-Stillwater”,”the Company” and/or “the Group”)
Business Address:
Libanon Business Park
1 Hospital Street
(Off Cedar Ave)
Libanon, Westonaria, 1780
Postal Address:
Private Bag X5
Westonaria, 1780
Tel +27 11 278 9600
Fax +27 11 278 9863