Sibanye-Stillwater announces share buyback program Posted by PublisherInternet Tuesday, 1. June 2021
Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW – https://www.commodity-tv.com/ondemand/companies/profil/sibanye-stillwater-ltd/ ) advises that it will be implementing an on-market repurchase of up to, but not exceeding, 5% of its ordinary shares in issue as at 31 May 2021 (the ?buyback program?).
The buyback program is consequential to the successful financial deleveraging and resumption of industry leading dividend payments by the Group during 2020 and is consistent with the strategic capital allocation framework approved by the Board in February 2021. The Group?s capital allocation framework for 2021 prioritises investing in operational sustainability, maintaining appropriate cash reserves, paying industry leading dividends and prudent debt management.
The information in this announcement may contain forward-looking statements within the meaning of the
âsafe harbourâ provisions of the United States Private Securities Litigation Reform Act of 1995. These
forward-looking statements, including, among others, those relating to Sibanye Stillwater Limitedâs
(âSibanye-Stillwaterâ or the âGroupâ) financial positions, business strategies, plans and objectives of
management for future operations, are necessarily estimates reflecting the best judgment of the senior
management and directors of Sibanye-Stillwater and involve a number of risks and uncertainties that
could cause actual results to differ materially from those suggested by the forward-looking statements.
As a consequence, these forward-looking statements should be considered in light of various important
Sibanye-Stillwater, (Tickers JSE: SSW and NYSE: SBSW – https://www.commodity-tv.com/ondemand/companies/profil/sibanye-stillwater-ltd/) in compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, discloses the following: Name – Neal John Froneman Position – Chief Executive Officer Nature of interest – Direct and Beneficial Nature of transaction – On market sale of ADRS Transaction Date – 28 […].
Sibanye-Stillwater, (Tickers JSE: SSW and NYSE: SBSW) in compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings Requirements, discloses the following: In terms of paragraph 3.66 of the Listings Requirements, the necessary clearance to deal in the above securities has been obtained. In terms of paragraph 3.66 of the Listings Requirements, the necessary […].