REG - Valterra Platinum - Director/PDMR Shareholding

Valterra PlatinumAnnouncement

06/11/2025 07:00

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RNS Number : 4670G  Valterra Platinum Limited  06 November 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 November 2025

 

SALE OF SHARES BY A DIRECTOR OF A MAJOR SUBSIDIARY COMPANY TO SETTLE TAX
OBLIGATIONS WITH RESPECT TO THE VESTING OF SHARE AWARDS

 

The Company advises of the sale of shares with respect to the vesting of a BSP
award granted on commencement of employment. This award was a sign on award of
9,047 ordinary shares at a price of R607.9351, with a total value of R5,5
million and which vested on 1 November 2025 in line with the timing of
incentives lost due to sign on with the Company. The award is subject to a
claw back in the event of resignation within a period of three years. The
following transaction is an on market sale of BSP shares to settle tax
obligations associated with the vesting of the share award after the holding
period:

 

 Director               :  Willem Theron
 Company                :  Rustenburg Platinum Mines Limited (a major subsidiary of Valterra Platinum)
 Transaction date       :  3 November 2025
 Nature of transaction  :  On market sale of BSP shares which vested on 1 November 2025
 Class of securities    :  Ordinary shares
 Number of shares       :  4,207
 Price per share        :  R1,074.0743
 Transaction value      :  R4,518,630.5801
 Nature of interest     :  Direct beneficial
 Clearance obtained     :  Yes

 

 

SIGN ON LONG-TERM INCENTIVE PLAN ("LTIP") AWARDS

 

The Company also advises the allocation of conditional awards in terms of the
company's LTIP to recognise the incentive awards lost due to sign-on with the
Company.

 

The sign on LTIP awards are subject to the performance conditions and vesting
period applicable to the Company's LTIP, the details of which are set out in
the Remuneration Report contained within the 2024 Governance Report available
on the company website - www.valterraplatinum.com
(http://www.valterraplatinum.com) .

 

 Director               :  Willem Theron
 Company                :  Rustenburg Platinum Mines Limited (a major subsidiary of Valterra Platinum)
 Date of acceptance     :  1 March 2025
 Nature of transaction  :  Off-market acceptance of LTIP 2024 conditional award originally granted to
                           participants on 22 April 2024
 Class of securities    :  Ordinary shares
 Number of securities   :  10,544
 Price per share        :  R806.1127
 Transaction value      :  R8,500,000.00
 Vesting period            Three years after the original grant of LTIP 2024 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 original award date of 22 April 2024.

 

 Director               :  Willem Theron
 Company                :  Rustenburg Platinum Mines Limited (a major subsidiary of Valterra Platinum)
 Date of acceptance     :  8 May 2025
 Nature of transaction  :  Off-market acceptance of LTIP  2025 conditional award granted on 8 May 2025
 Class of securities    :  Ordinary shares
 Number of securities   :  14,849
 Price per share        :  R639,84
 Transaction value      :  R9,500,000.00
 Vesting period            Three years after grant 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 original award date of 8 May 2025.

 

TRANSFORMATION AWARD

 

The Company advises of the allocation of a Transformation Award. The
Transformation Award is an extraordinary, one-off incentive to certain
employees, prescribed officers and executive directors linked to the business
transformation, and successful delivery of the demerger and action plan. The
award vests on 1 October 2027 and is subject to performance conditions.  The
details of the Transformation Award are set out in the Remuneration Report
contained within the Company's 2024 Governance Report.

 

 

 Director               :  Willem Theron
 Company                :  Rustenburg Platinum Mines Limited (a major subsidiary of Anglo American
                           Platinum)
 Transaction date       :  20 March 2025
 Nature of transaction  :  Off market acceptance of conditional awards granted on 20 March 2025
 Class of securities    :  Ordinary shares
 Number of shares       :  5,726
 Price per share        :  R611.20
 Transaction value      :  R3,500,000
 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 20 March 2025.

 

JSE Sponsor:

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

 

For further information, please contact:

 

Company Secretary

Fiona Edmundson

fiona.edmundson@valterraplatinum.com

 

Investors:
 

Leroy
Mnguni

leroy.mnguni@valterraplatinum.com
 

 

Marcela Grochowina

marcela.grochowina@valterraplatinum.com
(mailto:marcela.grochowina@valterraplatinum.com)

 

Media:

Cindy Maneveld

cindy.maneveld@valterraplatinum.com

 

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 world class, long-life mines and the most efficient processing
assets in the industry, the company responsibly mines, smelts and refines PGMs
and associated co-products from its operations located in South Africa and
Zimbabwe. With its integrated value chain, supported by marketing hubs in
London, Singapore and Shanghai, the company delivers tailored solutions for
its customers. The Company continues to integrate sustainability into
everything it does, supports investment in its mining and processing
capabilities and pursues market development activities to grow and
commercialise new demand segments. It also makes a meaningful impact to
communities around its operations and will deliver 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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