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

October 26, 2022

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 if the registrant is submitting the Form 6-K on paper as permitted by

Regulation S-T Rule 101(b)(1):

☐

 

Indicate by check mark if the registrant is submitting the Form 6-K on paper as permitted by

Regulation S-T Rule 101(b)(7):

☐

 

 

 

Exhibit

 

99.1

 

Release

 

dated

 

October

 

26,

 

2022,

 

“NDEALINGS

 

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, 2022

 

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 – ACCEPTANCE

 

OF AWARDS

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 the

 

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

 

by directors, prescribed

 

officers

and the company secretary of DRDGOLD and directors

 

of its major subsidiaries:

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

 

Date of acceptance of Awards:

25 October 2022

Vesting date:

19 October 2025

Strike price:

Rnil

Nature and extent of interest:

Direct beneficial

Transactions completed:

Off-market

Name of director:

Niël Pretorius

Name of company of which a director:

DRDGOLD

Number of conditional shares:

799 595

 

(639 676

 

performance

 

shares

 

and

159 919 retention shares)

Deemed value of transaction:

R7 580 160.60 (based

 

on the

 

DRDGOLD Share

price

 

on

 

the

 

grant

 

date,

 

being

 

R9.48

 

on

19 October 2022 (“

Deemed Price

”))

Name of director:

Riaan Davel

Name of company of which a director:

DRDGOLD

Number of conditional shares:

425 680 (340 544 performance shares and

 

85 136 retention shares)

Deemed value of transaction:

R4 035 446.40 (based on the Deemed Price)

Name of prescribed officer:

Jaco Schoeman

Name of company of which a prescribed officer:

DRDGOLD

Number of conditional shares:

425 680 (340 544 performance shares and

 

85 136 retention shares)

Deemed value of transaction:

R4 035 446.40 (based on the Deemed Price)

Name of prescribed officer / company secretary:

Elise Beukes

Name of company of which company secretary:

DRDGOLD

Number of conditional shares:

57 100 (45 680 performance shares and

 

11 420 retention

 

shares)

Deemed value of transaction:

R541 308.00 (based on the Deemed Price)

Name of director of subsidiary:

Henry Gouws

Name of company of which a director:

ERGO Mining Proprietary Limited

Number of conditional shares:

265

 

451

 

(212

 

361

 

performance

 

shares

 

and

53 090 retention shares)

Deemed value of transaction:

R2 516 475.48 (based on the Deemed Price)

Name of director of subsidiary:

Mark Burrell

Name of company of which a director:

ERGO Mining Proprietary Limited

Number of conditional shares:

175

 

931

 

(140

 

745

 

performance

 

shares

 

and

35 186 retention shares)

Deemed value of transaction:

R1 667 825.88 (based on the Deemed Price)

Name of director of subsidiary:

Kevin Kruger

Name of company of which a director:

Far West Gold Recoveries Proprietary Limited

Number of conditional shares:

219

 

807

 

(175

 

846

 

performance

 

shares

 

and

43 961 retention shares)

Deemed value of transaction:

R2 083 770.36 (based on the Deemed Price)

Name of director of subsidiary:

Henriette Hooijer

Name of company of which a director:

Far West Gold Recoveries Proprietary Limited

Number of conditional shares:

150

 

098

 

(120

 

078

 

performance

 

shares

 

and

30 020 retention shares)

Deemed value of transaction:

R1 422 929.04 (based on the Deemed Price)

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

26 October 2022

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