12th May 2026 16:30
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
JSE Debt Issuer Code: VALI
ISIN: ZAE000013181
Income tax number: 9575104717
("the Company" or "Valterra Platinum")
12 May 2026
DEALING IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY OF THE COMPANY AND BY DIRECTORS OF A MAJOR SUBSIDIARY
Valterra Platinum discloses the allocation of conditional awards in terms of the company's Long-Term Incentive Plan ("LTIP"). 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 2025 Governance Report available on the company website - www.valterraplatinum.com.
Director and CEO | : | Craig Miller |
Company | : | Valterra Platinum Limited |
Date of Acceptance | : | 12 May 2026 |
Nature of transaction | : | Off-market acceptance of conditional awards granted on 8 May 2026 |
Class of securities | : | Ordinary shares |
Number of securities | : | 12,043 |
Highest price traded on the day | : | R1,489.71 |
Lowest price traded on the day | : | R1,440.58 |
Volume weighted average price per share | : | R1,405.86 |
Transaction value | : | R 16,930,866.00 |
Vesting Period | : | Three years after the grant contingent on certain performance conditions being met |
Nature of interest | : | Direct beneficial |
Clearance obtained | : | Yes |
Director and CFO | : | Sayurie Naidoo |
Company | : | Valterra Platinum Limited |
Date of Acceptance | : | 12 May 2026 |
Nature of transaction | : | Off-market acceptance of conditional awards granted on 8 May 2026 |
Class of securities | : | Ordinary shares |
Number of securities | : | 5,378 |
Highest price traded on the day | : | R1,489.71 |
Lowest price traded on the day | : | R1,440.58 |
Volume weighted average price per share | : | R1,405.86 |
Transaction value | : | R 7,560,394.00 |
Vesting Period | : | Three years after the grant contingent on certain performance conditions being met |
Nature of interest | : | Direct beneficial |
Clearance obtained | : | Yes |
Director | : | Agit Singh |
Company | : | Rustenburg Platinum Mines Limited (a major subsidiary) |
Date of Acceptance | : | 12 May 2026 |
Nature of transaction | : | Off-market acceptance of conditional awards granted on 8 May 2026 |
Class of securities | : | Ordinary shares |
Number of securities | : | 4,800 |
Highest price traded on the day | : | R1,489.71 |
Lowest price traded on the day | : | R1,440.58 |
Volume weighted average price per share | : | R1,405.86 |
Transaction value | : | R 6,748,801.00 |
Vesting Period | : | Three years after the grant contingent on certain performance conditions being met |
Nature of interest | : | Direct beneficial |
Clearance obtained | : | Yes |
Director | : | Willem Theron |
Company | : | Rustenburg Platinum Mines Limited (a major subsidiary) |
Date of Acceptance | : | 12 May 2026 |
Nature of transaction | : | Off-market acceptance of conditional awards granted on 8 May 2026 |
Class of securities | : | Ordinary shares |
Number of securities | : | 4,990 |
Highest price traded on the day | : | R1,489.71 |
Lowest price traded on the day | : | R1,440.58 |
Volume weighted average price per share | : | R1,405.86 |
Transaction value | : | R 7,015,750.00 |
Vesting Period | : | Three years after the grant contingent on certain performance conditions being met |
Nature of interest | : | Direct beneficial |
Clearance obtained | : | Yes |
Director | : | Yvonne Mfolo |
Company | : | Rustenburg Platinum Mines Limited (a major subsidiary) |
Date of Acceptance | : | 12 May 2026 |
Nature of transaction | : | Off-market acceptance of conditional awards granted on 8 May 2026 |
Class of securities | : | Ordinary shares |
Number of securities | : | 4,404 |
Highest price traded on the day | : | R1,489.71 |
Lowest price traded on the day | : | R1,440.58 |
Volume weighted average price per share | : | R1,405.86 |
Transaction value | : | R 6,191,055.00 |
Vesting Period | : | Three years after the grant contingent on certain performance conditions being met |
Nature of interest | : | Direct beneficial |
Clearance obtained | : | Yes |
Director | : | Virginia Tyobeka |
Company | : | Rustenburg Platinum Mines Limited (a major subsidiary) |
Date of Acceptance | : | 12 May 2026 |
Nature of transaction | : | Off-market acceptance of conditional awards granted on 8 May 2026 |
Class of securities | : | Ordinary shares |
Number of securities | : | 4,376 |
Highest price traded on the day | : | R1,489.71 |
Lowest price traded on the day | : | R1,440.58 |
Volume weighted average price per share | : | R1,405.86 |
Transaction value | : | R 6,152,532.00 |
Vesting period | : | Three years after the grant contingent on certain performance conditions being met |
Nature of interest | : | Direct beneficial |
Clearance obtained | : | Yes |
Director | : | Martin Poggiolini |
Company | : | Rustenburg Platinum Mines Limited (a major subsidiary) |
Date of Acceptance | : | 12 May 2026 |
Nature of transaction | : | Off-market acceptance of conditional awards granted on 8 May 2026 |
Class of securities | : | Ordinary shares |
Number of securities | : | 4,126 |
Highest price traded on the day | : | R1,489.71 |
Lowest price traded on the day | : | R1,440.58 |
Volume weighted average price per share | : | R1,405.86 |
Transaction value | : | R 5,801,148.00 |
Vesting Period | : | Three years after the grant contingent on certain performance conditions being met |
Nature of interest | : | Direct beneficial |
Clearance obtained | : | Yes |
Company Secretary | : | Fiona Edmundson |
Company | : | Valterra Platinum Limited |
Date of Acceptance | : | 12 May 2026 |
Nature of transaction | : | Off-market acceptance of conditional awards granted on 8 May 2026 |
Class of securities | : | Ordinary shares |
Number of securities | : | 1,321 |
Highest price traded on the day | : | R1,489.71 |
Lowest price traded on the day | : | R1,440.58 |
Volume weighted average price per share | : | R1,405.86 |
Transaction value | : | R1,856,802.00 |
Vesting Period | : | Three years after the grant contingent on certain performance conditions being met |
Nature of interest | : | Direct beneficial |
Clearance obtained | : | Yes |
The number of shares awarded is determined by the 10-day volume weighted average price immediately prior to the award date of 8 May 2026.
JSE equity sponsor:
Merrill Lynch South Africa (Pty) Ltd t/a BofA Securities
JSE debt sponsor:
The Standard Bank of South Africa Limited
For further information, please contact:
Company Secretary
Fiona Edmundson
Investors:
Leroy Mnguni
Marcela Grochowina
Media:
Cindy Maneveld
ABOUT VALTERRA PLATINUM
Valterra Platinum 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. We operate world class, long-life mines and the industry's most efficient processing assets, responsibly mining, smelting, and refining PGMs and associated co-products from operations located in South Africa and Zimbabwe. With integrated marketing hubs in London, Singapore and Shanghai, we deliver tailored solutions for our customers. We continue to integrate sustainability into everything we do, invest in our mining and processing capabilities and advance market development initiatives to grow and commercialise new demand segments. We make a meaningful impact in the communities where we operate and remain committed to delivering consistent and superior returns to shareholders. Guided by our purpose of unearthing value to better our world, we are committed to zero harm, disciplined capital allocation and delivery on our value-accretive strategic priorities.
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