REG - Valterra Platinum - Director's Dealing in Securities

Valterra PlatinumAnnouncement

Wed 15:45

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RNS Number : 3662V  Valterra Platinum Limited  04 March 2026

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")

 

4 March 2026

 

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

 

As required in terms of the JSE Limited Listings Requirements, Valterra
Platinum advises of the allocation of annual awards of Bonus Shares in terms
of the company's Bonus Share Plan ("BSP") ("the Scheme"). The applicable
vesting period relating to the BSP shares is one-third in two years and
two-thirds in three years. The details of the scheme are set out in the
Remuneration Report contained in the Governance Report 2024 published on the
Company's website.

 

 Director and CEO                         :  Craig Miller
 Company                                  :  Valterra Platinum Limited
 Date of acceptance                       :  2 March 2026
 Nature of transaction                    :  Award of Bonus Shares in terms of the BSP
 Class of securities                      :  Ordinary shares
 Number of securities                     :  8,025
 Highest price traded on the day          :  R1,930.72
 Lowest price traded on the day           :  R1,783.81
 Volume weighted average price per share  :  R1,649.12
 Transaction value                        :  R13,233,500
 Nature of interest                       :  Direct beneficial
 Clearance obtained                       :  Yes

 

 Director and CFO                         :  Sayurie Naidoo
 Company                                  :  Valterra Platinum Limited
 Date of acceptance                       :  2 March 2026
 Nature of transaction                    :  Award of Bonus Shares in terms of the BSP
 Class of securities                      :  Ordinary shares
 Number of securities                     :  2,729
 Highest price traded on the day          :  R1,930.72
 Lowest price traded on the day           :  R1,783.81
 Volume weighted average price per share  :  R1,649.12
 Transaction value                        :  R4,500,250
 Nature of interest                       :  Direct beneficial
 Clearance obtained                       :  Yes

 

 Director                                 :  Yvonne Mfolo
 Company                                  :  Rustenburg Platinum Mines Limited (a major subsidiary of Valterra Platinum
                                             Limited)
 Date of acceptance                       :  2 March 2026
 Nature of transaction                    :  Award of Bonus Shares in terms of the BSP
 Class of securities                      :  Ordinary shares
 Number of securities                     :  2,169
 Highest price traded on the day          :  R1,930.72
 Lowest price traded on the day           :  R1,783.81
 Volume weighted average price per share  :  R1,649.12
 Transaction value                        :  R3,576,500
 Nature of interest                       :  Direct beneficial
 Clearance obtained                       :  Yes

 

 Director                                 :  Martin Poggiolini
 Company                                  :  Rustenburg Platinum Mines Limited (a major subsidiary of Valterra Platinum
                                             Limited)
 Date of acceptance                       :  2 March 2026
 Nature of transaction                    :  Award of Bonus Shares in terms of the BSP
 Class of securities                      :  Ordinary shares
 Number of securities                     :  1,984
 Highest price traded on the day          :  R1,930.72
 Lowest price traded on the day           :  R1,783.81
 Volume weighted average price per share  :  R1,649.12
 Transaction value                        :  R3,271,500
 Nature of interest                       :  Direct beneficial
 Clearance obtained                       :  Yes

 

 Director                                 :  Agit Singh
 Company                                  :  Rustenburg Platinum Mines Limited (a major subsidiary of Valterra Platinum
                                             Limited)
 Date of acceptance                       :  2 March 2026
 Nature of transaction                    :  Award of Bonus Shares in terms of the BSP
 Class of securities                      :  Ordinary shares
 Number of securities                     :  2,257
 Highest price traded on the day          :  R1,930.72
 Lowest price traded on the day           :  R1,783.81
 Volume weighted average price per share  :  R1,649.12
 Transaction value                        :  R3,721,500
 Nature of interest                       :  Direct beneficial
 Clearance obtained                       :  Yes

 

 

 Director                                 :  Willie Theron
 Company                                  :  Rustenburg Platinum Mines Limited (a major subsidiary of Valterra Platinum
                                             Limited)
 Date of acceptance                       :  2 March 2026
 Nature of transaction                    :  Award of Bonus Shares in terms of the BSP
 Class of securities                      :  Ordinary shares
 Number of securities                     :  2,253
 Highest price traded on the day          :  R1,930.72
 Lowest price traded on the day           :  R1,783.81
 Volume weighted average price per share  :  R1,649.12
 Transaction value                        :  R3,715,000
 Nature of interest                       :  Direct beneficial
 Clearance obtained                       :  Yes

 

 Director                                 :  Virginia Tyobeka
 Company                                  :  Rustenburg Platinum Mines Limited (a major subsidiary of Valterra Platinum
                                             Limited)
 Date of acceptance                       :  2 March 2026
 Nature of transaction                    :  Award of Bonus Shares in terms of the BSP
 Class of securities                      :  Ordinary shares
 Number of securities                     :  2,155
 Highest price traded on the day          :  R1,930.72
 Lowest price traded on the day           :  R1,783.81
 Volume weighted average price per share  :  R1,649.12
 Transaction value                        :  R3,554,250
 Nature of interest                       :  Direct beneficial
 Clearance obtained                       :  Yes

 

 Company Secretary                        :  Fiona Edmundson
 Company                                  :  Valterra Platinum Limited
 Date of acceptance                       :  2 March 2026
 Nature of transaction                    :  Award of Bonus Shares in terms of the BSP
 Class of securities                      :  Ordinary shares
 Number of securities                     :  938
 Highest price traded on the day          :  R1,930.72
 Lowest price traded on the day           :  R1,783.81
 Volume weighted average price per share  :  R1,649.12
 Transaction value                        :  R1,546,500
 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 1 March 2026.

 

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

 

As required in terms of the JSE Limited Listings Requirements, Valterra
Platinum hereby advises shareholders of the sale of shares in terms of the
Company's Bonus Share Plan ("BSP") (the "scheme").

 

This announcement relates to the sale of shares pursuant to the vesting of the
remainer (two thirds) of the BSP awards granted on 1 March 2023 (BSP23) as
well as vesting of one third of BSP awards granted on 1 March 2024 (BSP24).
These awards are subject to a respective three-year and two-year holding
period and vested on 1 March 2026 after the termination of the Company's
closed period. The details of the BSP scheme are set out in the Remuneration
Report contained within the Company's 2024 Governance Report.

 

The following transactions are on market sales of BSP23 and BSP24 shares to
settle tax obligations associated with the vesting of the share awards after
the holding period:

 

 Director and CEO         :  Craig Miller
 Company                  :  Valterra Platinum Limited

 Transaction date         :  2 March 2026
 Nature of transaction    :  On-market sale of BSP shares vested on 1 March 2026
 Class of securities      :  Ordinary shares
 Number of shares sold    :  4,776
 Minimum selling price    :  R1,582.00
 Maximum selling price    :  R1,863.03
 Average price per share  :  R1,733.10
 Transaction value        :  R8,277,306.61
 Nature of interest       :  Direct beneficial
 Clearance obtained       :  Yes

 

 Director and CFO         :  Sayurie Naidoo
 Company                  :  Valterra Platinum Limited
 Transaction date         :  2 March 2026
 Nature of transaction    :  On-market sale of BSP shares vested on 1 March 2026
 Class of securities      :  Ordinary shares
 Number of shares sold    :  1,045
 Minimum selling price    :  R1,582.00
 Maximum selling price    :  R1,863.03
 Average price per share  :  R1,733.10
 Transaction value        :  R1,811,094.10
 Nature of interest       :  Direct beneficial
 Clearance obtained       :  Yes

 

 Director                 :  Virginia Tyobeka
 Company                  :  Rustenburg Platinum Mines Limited (a major subsidiary of Valterra Platinum)
 Transaction date         :  2 March 2026
 Nature of transaction    :  On-market sale of BSP shares vested on 1 March 2026
 Class of securities      :  Ordinary shares
 Number of shares sold    :  2,075
 Minimum selling price    :  R1,582.00
 Maximum selling price    :  R1,863.03
 Average price per share  :  R1,733.10
 Transaction value        :  R3,596,191.63
 Nature of interest       :  Direct beneficial
 Clearance obtained       :  Yes

 

 

 Director                 :  Martin Poggiolini
 Company                  :  Rustenburg Platinum Mines Limited (a major subsidiary of Valterra Platinum)
 Transaction date         :  2 March 2026
 Nature of transaction    :  On-market sale of BSP shares vested on 1 March 2026
 Class of securities      :  Ordinary shares
 Number of shares sold    :  1,281
 Minimum selling price    :  R1,582.00
 Maximum selling price    :  R1,863.03
 Average price per share  :  R1,733.10
 Transaction value        :  R2,220,106.74
 Nature of interest       :  Direct beneficial
 Clearance obtained       :  Yes

 

 Director                 :  Yvonne Mfolo
 Company                  :  Rustenburg Platinum Mines Limited (a major subsidiary of Valterra Platinum)
 Transaction date         :  2 March 2026
 Nature of transaction    :  On-market sale of BSP shares vested on 1 March 2026
 Class of securities      :  Ordinary shares
 Number of shares sold    :  2,190
 Minimum selling price    :  R1,582.00
 Maximum selling price    :  R1,863.03
 Average price per share  :  R1,733.10
 Transaction value        :  R3,795,498.64
 Nature of interest       :  Direct beneficial
 Clearance obtained       :  Yes

 

 Director                 :  Agit Singh
 Company                  :  Rustenburg Platinum Mines Limited (a major subsidiary of Valterra Platinum)
 Transaction date         :  2 March 2026
 Nature of transaction    :  On-market sale of BSP shares vested on 1 March 2026
 Class of securities      :  Ordinary shares
 Number of shares sold    :  1,669
 Minimum selling price    :  R1,582.00
 Maximum selling price    :  R1,863.03
 Average price per share  :  R1,733.10
 Transaction value        :  2,892,551.24
 Nature of interest       :  Direct beneficial
 Clearance obtained       :  Yes

 

 

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

fiona.edmundson@valterraplatinum.com

 

Investors:

Leroy Mnguni

leroy.mnguni@valterraplatinum.com

Marcela Grochowina

marcela.grochowina@valterraplatinum.com

Media:

Cindy Maneveld

cindy.maneveld@valterraplatinum.com

 

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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