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DEALING IN SECURITIES BY DIRECTORS AND OTHERS

6th Jun 2025 16:45

RNS Number : 8767L
Valterra Platinum Limited
06 June 2025
 

Valterra Platinum Limited

(previously Anglo American Platinum Limited)

(Incorporated in the Republic of South Africa)

(Registration number: 1946/022452/06)

JSE Share Code: VAL

LSE Share Code: VALT

ISIN: ZAE000013181

("the Company" or "Valterra Platinum")

 

6 June 2025

 

DEALINGS IN SECURITIES BY DIRECTORS OF THE COMPANY, BY DIRECTORS OF A MAJOR SUBSIDIARY AND BY THE COMPANY SECRETARY

 

DISTRIBUTION OF VALTERRA PLATINUM SHARES

 

Shareholders are referred to the announcement by Anglo American plc ("Anglo American") confirming the successful completion of the demerger of 51% of its interest in Valterra Platinum. The demerger became effective on Saturday, 31 May 2025.

 

As part of the transaction, Anglo American distributed shares in Valterra Platinum to its existing shareholders. Accordingly, the following directors, who held Anglo American shares at the time of the demerger, received Valterra Platinum shares in proportion to their holdings.

 

Director and Chairman

:

Noman Mbazima

Company

:

Valterra Platinum Limited

Exchange

Transaction date

:

:

Johannesburg Stock Exchange

2 June 2025

Nature of transaction

:

Distribution of shares

Class of securities

:

Ordinary shares

Number of shares

:

1013

Price per share

:

R704.72

Transaction value

:

713,881.36

Nature of interest

:

Direct beneficial

Vesting date

:

None

Clearance obtained

:

Yes

 

Director and CEO

:

Craig Miller

Company

:

Valterra Platinum Limited

Exchange

Transaction date

:

:

Johannesburg Stock Exchange

2 June 2025

Nature of transaction

:

Distribution of shares

Class of securities

:

Ordinary shares

Number of shares

:

10,027

Price per share

:

R704.72

Transaction value

:

R7,066,227.44

Nature of interest

:

Direct beneficial

Vesting date

:

None

Clearance obtained

:

Yes

 

Director

:

Hendrik Faul

Company

:

Valterra Platinum Limited

Exchange

Transaction date

:

:

London Stock Exchange

2 June 2025

Nature of transaction

:

Distribution of shares

Class of securities

:

Ordinary shares

Number of shares

:

16924

Price per share

:

£28.96

Transaction value

:

£490,119.04

Nature of interest

:

Direct beneficial

Vesting date

:

None

Clearance obtained

:

Yes

 

Director

:

Hendrik Faul

Company

:

Valterra Platinum Limited

Exchange

Transaction date

:

:

Johannesburg Stock Exchange

2 June 2025

Nature of transaction

:

Distribution of shares

Class of securities

:

Ordinary shares

Number of shares

:

726

Price per share

:

R704.72

Transaction value

:

R511,626.72

Nature of interest

:

Direct beneficial

Vesting date

:

None

Clearance obtained

:

Yes

 

Director

:

Lwazi Bam

Company

Exchange

:

:

Valterra Platinum Limited

Johannesburg Stock Exchange

Transaction date

:

2 June 2025

Nature of transaction

:

Distribution of shares

Class of securities

:

Ordinary shares

Number of shares

:

59

Price per share

:

R704.72

Transaction value

:

R41,578.48

Nature of interest

:

Direct beneficial

Vesting date

:

None

Clearance obtained

:

Yes

 

Director

:

Suresh Kana

Company

:

Valterra Platinum Limited

Exchange

Transaction date

:

:

Johannesburg Stock Exchange

2 June 2025

Nature of transaction

:

Distribution of shares

Class of securities

:

Ordinary shares

Number of shares

:

74

Price per share

:

R704.72

Transaction value

:

R52,149.28

Nature of interest

:

Indirect beneficial

Vesting date

:

None

Clearance obtained

:

Yes

 

Director

:

Dorian Emmett

Company

:

Valterra Platinum Limited

Exchange

Transaction date

:

:

Johannesburg Stock Exchange

2 June 2025

Nature of transaction

:

Distribution of shares

Class of securities

:

Ordinary shares

Number of shares

:

3,069

Price per share

:

R704.72

Transaction value

:

R2,162,785.68

Nature of interest

:

Indirect beneficial

Vesting date

:

None

Clearance obtained

:

Yes

 

Company Secretary

:

Fiona Edmundson

Company

:

Valterra Platinum Limited

Exchange

Transaction date

:

:

Johannesburg Stock Exchange

2 June 2025

Nature of transaction

:

Distribution of shares

Class of securities

:

Ordinary shares

Number of shares

:

2167

Price per share

:

R704,72

Transaction value

:

R1,527,128.24

Nature of interest

:

Direct beneficial

Vesting date

:

None

Clearance obtained

:

Yes

 

ACCELERATION OF VESTING OF SHARES PARTICIPATING IN THE ANGLO AMERICAN SHARE INCENTIVE PLAN (SIP)

 

Due to the accelerated vesting of the SIP on demerger for Valterra Platinum employees participating in the SIP, Valterra Platinum shares were distributed to the following participants and subsequently sold on the market:

 

Director

:

Craig Miller

Company

:

Valterra Platinum Limited

Exchange

Transaction date

:

:

London Stock Exchange

2 June 2025

Nature of transaction

:

Accelerated vesting and on market sale of shares

Class of securities

:

Ordinary shares

Number of shares

:

260

Price per share

:

£28.71

Transaction value

:

£7,464.60

Nature of interest

:

Direct beneficial

Vesting date

:

None

Clearance obtained

:

Yes

 

Director

:

Hilton Ingram

Company

:

Valterra Platinum Limited

Exchange

Transaction date

:

:

London Stock Exchange

2 June 2025

Nature of transaction

:

Accelerated vesting and on market sale of shares

Class of securities

:

Ordinary shares

Number of shares

:

215

Price per share

:

£28.71

Transaction value

:

£6172,65

Nature of interest

:

Direct beneficial

Vesting date

:

None

Clearance obtained

:

Yes

 

 

 

LONG-TERM INCENTIVE PLAN ("LTIP") REPLACEMENT AWARDS

 

Former Anglo American employees who have transitioned to Valterra Platinum as part of the demerger are treated as good leavers. As such, have received accelerated vesting of their outstanding Anglo American Long-Term Incentive Plan (LTIP) awards on a pro-rated basis, reflecting both their period of service and Anglo American's performance up to the date of the demerger.

 

To ensure continuity, fairness, and alignment with existing Valterra Platinum participants, replacement Valterra LTIP awards will be granted as of the original grant date, being LTIP23 - 14 April 2023 and LTIP24 - 22 April 2024. These awards will be based on Valterra Platinum's performance and are intended to partially offset any unvested Anglo American LTIP awards, thereby maintaining employee engagement and equity across the company.

 

The LTIP awards are subject to certain stringent performance conditions. The applicable vesting period is three years and is based on the fulfillment of pre-determined performance conditions. The details of the LTIP are set out in the Remuneration Report contained within the 2024 Governance Report available on the company website - www.valterraplatinum.com.

 

Director

:

Yvonne Mfolo

Company

:

Rustenburg Platinum Mines Limited (a major subsidiary of Valterra Platinum)

Date of acceptance

:

2 June 2025

Nature of transaction

:

Off-market acceptance of LTIP 2024 conditional awards

Class of securities

:

Ordinary shares

Number of securities

:

8,876

Highest Price

:

R800.00

Lowest Price

:

R610.01

Volume weighted average price per share

:

R715.81

Transaction value

:

R6,353,529,56

Vesting period

Three years after the grant on certain performance conditions being met.

Nature of interest

:

Direct beneficial

Clearance obtained

:

Yes

 

Company Secretary

:

Fiona Edmundson

Company

:

Rustenburg Platinum Mines Limited (a major subsidiary of Valterra Platinum)

Date of acceptance

:

2 June 2025

Nature of transaction

:

Off-market acceptance of LTIP 2024 conditional awards

Class of securities

:

Ordinary shares

Number of securities

:

3,006

Highest Price

:

R800.00

Lowest Price

:

R610.01

Volume weighted average price per share

:

R715.81

Transaction value

:

R2,151,724,86

Vesting period

Three years after the grant on certain performance conditions being met.

Nature of interest

:

Direct beneficial

Clearance obtained

:

Yes

 

Company Secretary

:

Fiona Edmundson

Company

:

Rustenburg Platinum Mines Limited (a major subsidiary of Valterra Platinum)

Date of acceptance

:

2 June 2025

Nature of transaction

:

Off-market acceptance of LTIP 2023 conditional awards

Class of securities

:

Ordinary shares

Number of securities

:

632

Highest Price

:

R800.00

Lowest Price

:

R610.01

Volume weighted average price per share

:

R715.81

Transaction value

:

R452,391

Vesting period

:

Three years after the grant on certain performance conditions being met.

Nature of interest

:

Direct beneficial

Clearance obtained

:

Yes

 

 

JSE Sponsor:

Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities

 

For further information, please contact:

 

Company Secretary

Fiona Edmundson

[email protected]

Investors:

Theto Maake

[email protected]

Marcela Grochowina

[email protected]

 

Media:

Cindy Maneveld

[email protected]

 

About Valterra Platinum

Valterra Platinum Limited is one of the world's leading integrated producers of platinum group metals (PGMs) with a primary listing on the Johannesburg Stock Exchange and a secondary listing on the London Stock Exchange. With a portfolio of outstanding long-life mines and proven processing assets, we responsibly and safely mine precious metals and associated co-products from our rich mineral resource endowment and process the PGMs and co-products at our smelting and refining operations located in South Africa and Zimbabwe. Our fully integrated value chain is supported by marketing hubs in London, Singapore and Shanghai to deliver tailored solutions for our customers. The Company will continue to be disciplined in its capital allocation, integrating sustainability into everything it does, to support the company's investment in its mining and processing capabilities, market development activities to grow and commercialise new demand segments, continue to make a meaningful difference to the development of the communities around our operations and return consistent and superior returns to shareholders. Valterra Platinum is committed to zero harm, capital allocation discipline and delivering on our value-accretive strategic priorities as a standalone, leading integrated PGM producer, guided by our purpose of unearthing value to better our world.

 

 

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