Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)

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 December 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

(

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 December 2021,

incorporated by reference herein:

Exhibit

 

99.1

 

Release dated December 7, 2021, “DEALINGS IN SECURITIES”

 

 

 

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: December 7, 2021

 

By: /s/ Riaan Davel

 

Name: Riaan Davel

 

Title: Chief Financial Officer

 

 

 

 

 

 

 

 

 

 

 

 

Exhibit 99.1

DRDGOLD LIMITED

(Incorporated in the Republic of South Africa)

(Registration number 1895/000926/06)

ISIN: ZAE000058723

JSE share code: DRD

NYSE trading symbol: DRD

(“

DRDGOLD

”)

DEALINGS IN SECURITIES

 

Shareholders of DRDGOLD (“

Shareholders

”) are advised that in terms of the equity settled long-term incentive

scheme (“

LTI Scheme

”), as approved by

 

Shareholders on 2

 

December 2019, 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) (“

Awards

”).

 

Awards vest 3 years

 

after grant date

 

(“

Vesting Period

”), subject to

 

the rules of

 

the LTI Scheme, including certain

performance conditions being met.

 

Notwithstanding the Vesting Period, the LTI Scheme made provision for

 

50%

of the Awards made

 

in December 2019 (“

2019 Awards

”) to vest in

 

December 2021 (being

 

2 years after the

 

grant

date) and the remaining 50% to vest in December 2022 (being 3 years after the grant date),

 

subject to the rules

of the LTI Scheme. Vested

 

Awards are settled in the form of DRDGOLD ordinary shares (“

DRDGOLD Shares

”)

at a zero-exercise price.

DRDGOLD hereby advises

 

Shareholders that the

 

2019 Awards to

 

directors, prescribed officers

 

and the

 

company

secretary of DRDGOLD and its

 

major subsidiaries have partially vested and

 

certain directors, prescribed officers

and the company secretary of DRDGOLD and its major subsidiaries have sold all or a portion of the DRDGOLD

Shares received pursuant to such vesting, as further detailed

 

below:

Nature of transactions and class of securities:

Off-market

 

vesting

 

of

 

50%

 

of

 

the

 

2019

 

Awards

 

on

2 December 2021

 

(“

Vesting

”)

 

and

 

the

 

subsequent

on-market sale

 

of DRDGOLD

 

Shares received

 

pursuant to

the Vesting (“

Sale

”)

Nature and extent of interests:

Direct beneficial

Dates and pricing applicable to the Sales:

Date of Sale

Volume

weighted

average price

per DRDGOLD

Share

Highest trading

price per

DRDGOLD

Share

lowest trading

price per

DRDGOLD

Share

Transaction 1

2 December

2021

R14.02980

R14.30

R14.00

Transaction 2

3 December

2021

R14.01732

R14.06

R14.00

Name of director of DRDGOLD:

Niël Pretorius

Vesting

Number of conditional shares subject to Vesting:

 

534 661

 

(427 729

 

performance

 

shares

 

and

 

106 932

retention shares)

Deemed value of vested conditional shares:

R7 886 249.75 (note 1)

 

 

 

 

 

 

 

 

 

 

Sales

Transaction 1:

- Number of DRDGOLD Shares:

14 909

- Total value of transaction:

R209 170.29

 

Transaction 2:

- Number of DRDGOLD Shares:

90 091

- Total value of transaction:

R1 262 834.38

The table

 

below provides

 

a summary

 

of the

 

participation by

 

Mr Niël

 

Pretorius in

 

the LTI

 

Scheme, following

the abovementioned Vesting:

Grant date

Number of

conditional shares

awarded which

remain subject to

vesting

Deemed value

 

(note 2)

Vesting date

2 December 2019

534 661 (427 729

performance shares

and 106 932 retention

shares)

R3 288 165.15

2 December 2022 (note 3)

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

Name of director of DRDGOLD:

Riaan Davel

Vesting

Number of conditional shares subject to Vesting:

 

258

 

761

 

(207

 

009

 

performance

 

shares

 

and

 

51

 

752

retention shares)

Deemed value of vested conditional shares:

R3 816 724.75 (note 1)

Sales

Transaction 1:

-

 

Number of DRDGOLD Shares:

17 085

-

 

Total

 

value of transaction:

R239 699.13

Transaction 2:

-

 

Number of DRDGOLD Shares:

103 238

-

 

Total

 

value of transaction:

R1 447 120.08

The table

 

below provides

 

a summary

 

of the

 

participation

 

by Mr

 

Riaan

 

Davel

 

in the

 

LTI

 

Scheme,

 

following

the abovementioned Vesting:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grant date

Number of conditional

shares awarded which

remain subject to vesting

Deemed value

 

(note 2)

Vesting date

2 December 2019

258 761 (207 009

performance shares and

51 752 retention shares)

R1 591 380.15

2

 

December

 

2022

 

(note

3)

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

Name of prescribed officer of DRDGOLD:

Jaco Schoeman

Vesting

Number of conditional shares subject to Vesting:

 

258

 

761

 

(207

 

009

 

performance

 

shares

 

and

 

51

 

752

retention shares)

Deemed value of vested conditional shares:

R3 816 724.75 (note 1)

Sales

Transaction 1:

-

 

Number of DRDGOLD Shares:

26 092

-

 

Total

 

value of transaction:

R366 065.54

Transaction 2:

-

 

Number of DRDGOLD Shares:

157 669

-

 

Total

 

value of transaction:

R2 210 096.83

The

 

table

 

below

 

provides

 

a

 

summary

 

of

 

the

 

participation

 

by

 

Mr

 

Jaco

 

Schoeman

 

in

 

the

 

LTI

 

Scheme,

following

the abovementioned Vesting:

Grant date

Number of conditional

shares awarded which

remain subject to

vesting

Deemed value

 

(note 2)

Vesting date

2 December 2019

258 761 (207 009

performance shares and

51 752 retention shares)

R1 591 380.15

2 December 2022 (note 3)

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

 

 

 

 

 

 

 

 

 

 

Name of prescribed officer /

 

company secretary of

DRDGOLD:

Elise Beukes

Vesting

Number of conditional shares subject to Vesting:

 

38 181 (30 545 performance shares and 7 636 retention

 

shares)

Deemed value of vested conditional shares:

R563 169.75 (note 1)

Sales

Transaction 1:

-

 

Number of DRDGOLD Shares:

5 421

-

 

Total

 

value of transaction:

R76 055.55

Transaction 2:

-

 

Number of DRDGOLD Shares:

32 760

-

 

Total

 

value of transaction:

R459 207.40

The

 

table

 

below

 

provides

 

a

 

summary

 

of

 

the

 

participation

 

by

 

Ms

 

Elise

 

Beukes

 

in

 

the

 

LTI

 

Scheme,

following

the abovementioned Vesting:

Grant date

Number of

conditional shares

awarded which

remain subject to

vesting

Deemed value

 

(note 2)

Vesting date

2 December 2019

38 181 (30 545

performance shares

and 7 636 retention

shares)

R234 813.15

2 December 2022 (note 3)

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

Name

 

of

 

director

 

of

 

Ergo

 

Mining

 

Proprietary

Limited:

Henry Gouws

Vesting

Number of conditional shares subject to

Vesting:

 

177

 

498

 

(141

 

998

 

performance

 

shares

 

and

 

35

 

500

retention shares)

Deemed value of vested conditional shares:

R2 618 095.50 (note 1)

Sales

Transaction 1:

-

 

Number of DRDGOLD Shares:

25 203

-

 

Total

 

value of transaction:

R353 593.05

 

 

 

 

 

 

 

 

 

 

Transaction 2:

-

 

Number of DRDGOLD Shares:

152 295

-

 

Total

 

value of transaction:

R2 134 767.75

The table below provides a summary

 

of the participation by Mr

 

Henry Gouws in the LTI Scheme, following

the abovementioned Vesting:

Grant date

Number of

conditional shares

awarded which

remain subject to

vesting

Deemed value

 

(note 2)

Vesting date

2 December 2019

177 498 (141 998

performance shares

and 35 500 retention

shares)

R1 091 612.70

2 December 2022 (note 3)

22 October 2020

110 383 (88 306

performance shares

and 22 077 retention

shares)

R2 144 741.69

22 October 2023

20 October 2021

182 585 (146 068

performance shares

and 36 517 retention

shares)

R2 474 026.75

20 October 2024

Name

 

of

 

director

 

of

 

Ergo

 

Mining

 

Proprietary

Limited:

Mark Burrell

Vesting

Number of conditional shares subject to Vesting:

 

117

 

639

 

(94

 

111

 

performance

 

shares

 

and

 

23

 

528

retention shares)

Deemed value of vested conditional shares:

R1 735 175.25 (note 1)

Sales

Transaction 1:

-

 

Number of DRDGOLD Shares:

16 704

-

 

Total

 

value of transaction:

R234 353.78

Transaction 2:

-

 

Number of DRDGOLD Shares:

100 935

-

 

Total

 

value of transaction:

R1 414 838.19

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Grant date

Number of

conditional shares

awarded which

remain subject to

vesting

Deemed value

 

(note 2)

Vesting date

2 December 2019

117 639 (94 111

performance shares

and 23 528 retention

shares)

R723 479.85

2 December 2022 (note 3)

22 October 2020

73 158 (58 526

performance shares

and 14 632 retention

shares)

R1 421 459.94

22 October 2023

20 October 2021

121 011 (96 809

performance shares

and 24 202 retention

shares)

R1 639 699.05

20 October 2024

The table below provides a summary

 

of the participation by Mr Mark

 

Burrell in the LTI

 

Scheme, following

the abovementioned Vesting:

Name

 

of

 

director

 

of

 

Far

 

West

 

Gold

 

Recoveries

Proprietary Limited:

Henriette Hooijer

Vesting

Number of conditional shares subject to Vesting:

 

80 293 (64

 

234 performance shares

 

and 16 059

 

retention

 

shares)

Deemed value of vested conditional shares:

R1 184 321.75 (note 1)

Sales

Transaction 1:

-

 

Number of DRDGOLD Shares:

5 301

-

 

Total

 

value of transaction:

R74 371.97

Transaction 2:

-

 

Number of DRDGOLD Shares:

32 035

-

 

Total

 

value of transaction:

R449 044.85

The table below provides a summary of the participation by Ms Henriette Hooijer in the LTI

 

Scheme,

following

the abovementioned Vesting:

Grant date

Number of

conditional shares

awarded which

remain subject to

vesting

Deemed value

 

(note 2)

Vesting date

2 December 2019

80 293 (64 234

performance shares

and 16 059 retention

shares)

R493 801.95

2 December 2022 (note 3)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

22 October 2020

62 415 (49 932

performance shares

and 12 483 retention

shares)

R1 212 723.45

22 October 2023

20 October 2021

103 242 (82 594

performance shares

and 20 648 retention

shares)

R1 398 929.10

20 October 2024

Name

 

of

 

director

 

of

 

Far

 

West

 

Gold

 

Recoveries

Proprietary Limited:

Kevin Kruger

Vesting

Number of conditional shares subject to Vesting:

 

146

 

977

 

(117

 

581

 

performance

 

shares

 

and

 

29

 

396

retention shares)

Deemed value of vested conditional shares:

R2 167 910.75 (note 1)

Sales

Transaction 1:

-

 

Number of DRDGOLD Shares:

20 869

-

 

Total

 

value of transaction:

R292 787.90

 

Transaction 2:

-

 

Number of DRDGOLD Shares:

126 108

-

 

Total

 

value of transaction:

R1 767 696.19

 

The table below provides a summary of the participation by Mr Kevin Kruger in the LTI Scheme, following

the abovementioned Vesting:

Grant date

Number of

conditional shares

awarded which

remain subject to

vesting

Deemed value

 

(note 2)

Vesting date

2 December 2019

146 977 (117 581

performance shares

and 29 396 retention

shares)

R903 908.55

2 December 2022 (note 3)

22 October 2020

91 403 (73 122

performance shares

and 18 281 retention

shares)

R1 775 960.29

22 October 2023

20 October 2021

151 190 (120 952

performance shares

and 30 238 retention

shares)

R2 048 624.50

20 October 2024

Notes

:

1.

 

Deemed value is based on the closing price of a DRDGOLD Share on the date immediately preceding the date

of vesting, being R14.75 on 1 December 2021.

2.

 

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.

3.

 

50% of

 

the Awards

 

made in

 

December 2019

 

vested in

 

2021 (being

 

2 years

 

after the

 

grant date)

 

and the

 

remaining

50% will vest in December 2022 (being 3 years after the grant date), subject to the rules of the LTI Scheme.

In compliance

 

with paragraph

 

3.66 of

 

the 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

7 December 2021

Sponsor

 

One Capital