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DRD DRDGold

Filed: 26 Oct 21, 2:56pm
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
FORM 6-K
REPORT OF A FOREIGN PRIVATE
 
ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For October 2021
Commission File Number 0-28800
______________________
DRDGOLD Limited
Constantia Office Park
Cnr 14th Avenue and Hendrik Potgieter Road
Cycad House, Building 17, Ground Floor
Weltevreden Park,
 
1709
South Africa
(
Address of principal executive offices
)
______________________
Indicate by check mark whether the registrant files or will file annual reports under cover of
Form 20-F or Form 40-F.
Form 20-F
 
Form 40-F
Indicate by check mark whether the registrant by furnishing the information contained in this
Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-
2(b) under the Securities Exchange Act of 1934.
Yes
 
No
If ''Yes''
 
is marked, indicate below the file number assigned to the registrant in connection
with Rule 12g3-2(b): N/A
 
 
Attached to the Registrant Form 6-K filing for the month of October 2021, incorporated by
reference herein:
Exhibit
 
99.1
 
Release dated October 26, 2021, “DEALINGS IN SECURITIES - ACCEPTANCE OF
AWARDS
 
 
 
 
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
DRDGOLD LIMITED
Date: October 26, 2021
 
By: /s/ Riaan Davel
 
Name: Riaan Davel
 
Title: Chief Financial Officer
 
 
 
 
 
 
 
Exhibit 99.1
On
 
2
 
December
 
2019,
 
shareholders
 
of
 
DRDGOLD
 
(“
Shareholders
”)
 
approved
 
an
 
equity
 
settled
long-term
 
incentive
 
scheme
 
(“
LTI Scheme
”)
 
to
 
replace
 
the
 
cash
 
settled
 
long-term
 
incentive
 
scheme
established in November 2015. Under
 
the LTI
 
Scheme, qualifying employees are
 
awarded conditional
shares
 
on
 
an
 
annual
 
basis,
 
comprising
 
performance
 
shares
 
(80%
 
of
 
the
 
total
 
conditional
 
shares
awarded) and retention shares
 
(20% of the total
 
conditional shares awarded). Conditional
 
shares vest
3 years
 
after grant
 
date, subject
 
to the
 
rules of
 
the LTI Scheme, including
 
certain performance
 
conditions
being
 
met, and
 
will
 
be
 
settled in
 
the form
 
of DRDGOLD
 
ordinary shares
 
(“
DRDGOLD Shares
”) at
 
a
zero-exercise price.
 
DRDGOLD hereby advises Shareholders of the following acceptances of awards
 
of conditional shares
in terms of the
 
LTI
 
Scheme (“
Awards
”) by directors, prescribed
 
officers and the company
 
secretary of
DRDGOLD:
Nature of transactions:
Acceptance of Awards
 
Class of securities:
Conditional
 
shares,
 
comprising
 
80%
 
performance
shares
 
and
 
20%
 
retention
 
shares,
 
which
 
will
 
be
settled
 
in
 
DRDGOLD
 
Shares
 
upon
 
vesting,
 
in
accordance with the rules of the LTI Scheme
Nature and extent of interest:
Direct beneficial
Transactions completed on-market:
No
Name of director:
Niël Pretorius
Date of acceptance of Award:
26 October 2021
Number of conditional shares:
549 986 (439 989 performance shares and
 
109 997
retention shares)
Vesting date:
20 October 2024
Strike price:
Rnil
Deemed value of transaction:
R7 452
 
310.30
 
(based
 
on
 
the
 
DRDGOLD
 
Share
price
 
on
 
the
 
grant
 
date,
 
being
 
R13.55
 
on
20 October 2021)
The
 
table
 
below
 
provides
 
a
 
summary
 
of
 
the
 
participation
 
by
 
Mr
 
Niël
 
Pretorius
 
in
 
the
 
LTI
 
Scheme,
following the acceptance of abovementioned Award:
Grant date
Number of conditional
shares awarded
Deemed value
(note 1)
Vesting date
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2 December 2019
1 069 321 (855 457
performance shares and
213 864 retention shares)
R6 576 324.15
2 December 2021 and
2 December 2022
 
(note 2)
22 October 2020
332 497 (265 998
performance shares and
66 499 retention shares)
R6 460 416.71
22 October 2023
20 October 2021
549 986 (439 989
performance shares and
109 997 retention shares)
R7 452 310.30
20 October 2024
Notes:
1.
 
Deemed value
 
is
 
based
 
on the
 
DRDGOLD
 
Share
 
price
 
on the
 
grant
 
date, being
 
R6.15 on
 
2 December 2019,
 
R19.43
 
on
22 October 2020 and R13.55 on 20 October 2021.
 
2.
 
The LTI Scheme made provision for 50%
 
of the Awards made in
 
December 2019 to vest in 2021
 
(being 2 years after
 
the grant
date) and the remaining 50% to vest in December 2022 (being 3 years after the grant date).
Name of director:
Riaan Davel
 
Date of acceptance of Award:
26 October 2021
Number of conditional shares:
292 796
 
(234 237
 
performance shares
 
and 58
 
559
retention shares)
Vesting date:
20 October 2024
Strike price:
Rnil
Deemed value of transaction:
R3 967
 
385.80
 
(based
 
on
 
the
 
DRDGOLD
 
Share
price
 
on
 
the
 
grant
 
date,
 
being
 
R13.55
 
on
20 October 2021)
The table
 
below provides
 
a summary
 
of the
 
participation by
 
Mr Riaan
 
Davel in
 
the LTI Scheme, following
the acceptance of abovementioned Award:
Grant date
Number of conditional shares
awarded
Deemed value
(note 1)
Vesting date
2 December 2019
517 522 (414 018 performance
shares and 103 504 retention
shares)
R3 182 760.30
2 December 2021 and
2 December 2022
 
(note 2)
22 October 2020
160 919 (128 735 performance
shares and 32 184 retention
shares)
R3 126 656.17
22 October 2023
20 October 2021
292 796 (234 237 performance
shares and 58 559 retention
shares)
R3 967 385.80
20 October 2024
Notes:
1.
 
Deemed value
 
is
 
based
 
on the
 
DRDGOLD
 
Share
 
price
 
on the
 
grant
 
date, being
 
R6.15 on
 
2 December 2019,
 
R19.43
 
on
22 October 2020 and R13.55 on 20 October 2021.
 
2.
 
The LTI Scheme made provision for 50%
 
of the Awards made in
 
December 2019 to vest in 2021
 
(being 2 years after
 
the grant
date) and the remaining 50% to vest in December 2022 (being 3 years after the grant date).
Name of prescribed officer:
Jaco Schoeman
Date of acceptance of Award:
26 October 2021
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Number of conditional shares:
292
 
796
 
(234 237 performance
 
shares and
 
58
 
559
retention shares)
Vesting date:
20 October 2024
Strike price:
Rnil
Deemed value of transaction:
R3 967
 
385.80
 
(based
 
on
 
the
 
DRDGOLD
 
Share
price
 
on
 
the
 
grant
 
date,
 
being
 
R13.55
 
on
20 October 2021)
The
 
table below
 
provides a
 
summary of
 
the participation
 
by
 
Mr
 
Jaco
 
Schoeman in
 
the LTI
 
Scheme,
following the acceptance of abovementioned Award:
Grant date
Number of conditional shares
awarded
Deemed value
(note 1)
Vesting date
2 December 2019
517 522 (414 018 performance
shares and 103 504 retention
shares)
R3 182 760.30
2 December 2021 and
2 December 2022
 
(note 2)
22 October 2020
160 919 (128 735 performance
shares and 32 184 retention
shares)
R3 126 656.17
22 October 2023
20 October 2021
292 796 (234 237 performance
shares and 58 559 retention
shares)
R3 967 385.80
20 October 2024
Notes:
1.
 
Deemed value
 
is
 
based
 
on the
 
DRDGOLD
 
Share
 
price
 
on the
 
grant
 
date, being
 
R6.15 on
 
2 December 2019,
 
R19.43
 
on
22 October 2020 and R13.55 on 20 October 2021.
 
2.
The LTI Scheme made provision for 50%
 
of the Awards made in
 
December 2019 to vest in 2021
 
(being 2 years after
 
the grant
date) and the remaining 50% to vest in December 2022 (being 3 years after the grant date).
Name of prescribed officer / company secretary:
Elise Beukes
Date of acceptance of Award:
26 October 2021
Number of conditional shares:
39 275
 
(31
 
420
 
performance
 
shares
 
and
 
7 855
retention shares)
Vesting date:
20 October 2024
Strike price:
Rnil
Deemed value of transaction:
R532 176.25 (based on
 
the DRDGOLD Share price
on
 
the
 
grant
 
date,
 
being
 
R13.55
 
on
20 October 2021)
The
 
table
 
below
 
provides
 
a
 
summary
 
of
 
the
 
participation
 
by
 
Ms
 
Elise
 
Beukes
 
in
 
the
 
LTI
 
Scheme,
following the acceptance of abovementioned Award:
Grant date
Number of conditional
shares awarded
Deemed value (note 1)
Vesting date
2 December 2019
76 362 (61 090
performance shares and
15 272 retention shares)
R469 626.30
2 December 2021 and
2 December 2022
 
(note 2)
 
 
 
 
 
 
 
 
22 October 2020
23 744 (18 995
performance shares and
4 749 retention shares)
R461 345.92
22 October 2023
20 October 2021
39 275 (31 420
performance shares and
7 855 retention shares)
R532 176.25
20 October 2024
Notes:
1.
 
Deemed value
 
is
 
based
 
on the
 
DRDGOLD
 
Share
 
price
 
on the
 
grant
 
date, being
 
R6.15 on
 
2 December 2019,
 
R19.43
 
on
22 October 2020 and R13.55 on 20 October 2021.
 
2.
The LTI Scheme made provision for 50%
 
of the Awards made in
 
December 2019 to vest in 2021
 
(being 2 years after
 
the grant
date) and the remaining 50% to vest in December 2022 (being 3 years after the grant date).
In
 
compliance
 
with
 
paragraph
 
3.66
 
of
 
the
 
Johannesburg
 
Stock
 
Exchange
 
(“
JSE
”)
 
Limited
 
Listings
Requirements, prior clearance was obtained from the chairman of
 
the board of directors of DRDGOLD.
The abovementioned transactions were completed outside of a closed period.
 
Johannesburg
October 27, 2021
Sponsor
 
One Capital