Director's Dealing in Securities

Summary by AI BETAClose X

Valterra Platinum Limited has announced dealings in securities by directors and the company secretary, involving the award of Bonus Shares under the Bonus Share Plan (BSP) with vesting periods of two and three years. Additionally, directors of a major subsidiary have sold shares on-market to settle tax obligations arising from the vesting of BSP awards. Craig Miller, CEO, received 8,025 bonus shares valued at R13,233,500 and sold 4,776 shares for R8,277,306.61. Sayurie Naidoo, CFO, received 2,729 bonus shares valued at R4,500,250 and sold 1,045 shares for R1,811,094.10. Other directors also received and sold shares, with sales occurring at an average price of R1,733.10 per share.

Disclaimer*

Valterra Platinum Limited
04 March 2026
 

signature_228590546

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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