Corporate GovernanceOct 28, 2026, 12:56 PM
DRDGOLD: BEE Report Available; Directors Sell Shares from Incentive Scheme
AI Summary
DRDGOLD Limited has announced the availability of its Broad-Based Black Economic Empowerment Annual Compliance Report. Additionally, the company provided details on dealings in securities related to its equity settled long-term incentive scheme. Conditional shares awarded in 2023 vested on October 27, 2026, with 60% of eligible awards vesting. Participants elected to sell a portion of their vested shares through a pooled sale arrangement, totaling 510,105 shares sold for R20,769,945.29. Proceeds were apportioned to various directors and officers.
Key Highlights
- DRDGOLD Limited announced the availability of its Broad-Based Black Economic Empowerment Annual Compliance Report.
- The company's annual compliance report pursuant to section 13G(2) of the Broad-Based Black Economic Empowerment Act is available on the company's website.
- Qualifying employees were awarded conditional shares on October 25, 2023, under the equity settled long-term incentive scheme.
- 60% of the Awards eligible for vesting vested on October 27, 2026, subject to performance conditions.
- Various participants elected to dispose of vested DRDGOLD Shares through a pooled sale arrangement.
- A total of 510,105 DRDGOLD Shares were sold on October 27, 2026, with a VWAP of R40.7170.
- The total value of DRDGOLD Shares sold in the pooled sale was R20,769,945.29.
- Proceeds from the sale were apportioned to executive directors, a prescribed officer, and the company secretary.
Price Impact
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