DRDGOLD LTD — Director's Dealing 2022

Dec 8, 2022

6-K 1 dealingsinsecurities.htm DEALINGS IN SECURITIES EDGAR HTML document created by Certent CDM HD version: 22.2.0 dealingsinsecurities

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

December 8, 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)

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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 December 8, 2022, “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 8, 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

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 (“Participants”) 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 of the off-market vesting of 50% of the 2019 Awards to directors, prescribed officers and the company secretary of DRDGOLD and its major subsidiaries on 2 December 2022 (“Vesting”), the deemed value of which is based on the closing price of a DRDGOLD Share on the date immediately preceding the date of Vesting, being R11.80 on 1 December 2022.

Furthermore, various Participants have elected to dispose of all or a portion of the vested DRDGOLD Shares (“Relevant DRDGOLD Shares”). Accordingly, in order to facilitate the disposal of the Relevant DRDGOLD

Shares, a pooled sale arrangement has been put in place in terms of which the aggregate of the Relevant DRDGOLD Shares are being disposed of, by an independent third party, through various on-market trades (“Sales”).

The details of the Vesting and Sales (to date) are set out below:

Vesting

Company NameNumber ofPerformanceRetentionDeemed value

conditionalsharessharesof vested

shares subjectconditional

to Vestingshares

Directors Niël PretoriusDRDGOLD534 660427 728106 932R6 308 988.00 Riaan DavelDRDGOLD258 761207 00951 752R3 053 379.80 Henry GouwsErgo Mining177 497141 99835 499R2 094 464.60 Proprietary Limited (“Ergo”)
Mark BurrellErgo117 63894 11023 528R1 388 128.40 HenrietteFar West Gold80 29264 23416 058R947 445.60 HooijerRecoveries Proprietary Limited (“FWGR”)
Kevin KrugerFWGR146 977117 58229 395R1 734 328.60

Prescribed

officer JacoDRDGOLD258 761207 00951 752R3 053 379.80 Schoeman

Prescribed

officer and

company

secretary Elise BeukesDRDGOLD38 18130 5457 636R450 535.80

Sales

Date of SaleNumber ofPrice per DRDGOLD ShareTotal value of Sale

DRDGOLD

Shares sold 2 December 202223 716Trade 1:R273 390.93 Various different trades with the following price information:
- volume weighted average price (“VWAP”) of R11.5277 - highest price of R11.70 - lowest price of R11.50

638 000Trade 2:R11.45R7 305 100.00 5 December 202297 701Various different trades with theR1 130 947.70

following price information:
- VWAP of R11.5756 - highest price of R11.80 - lowest price of R11.55

6 December 2022399 172Various different trades with theR4 526 091.56

following price information:
- VWAP of R11. 3387 - highest price of R11.41 - lowest price of R11.30

7 December 2022390 306R11.35R4 429 973.10

Further Sales are expected to be implemented, the details of which will be announced on SENS in due course.

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 nature and extent of the Participants’ interest in the abovementioned transactions is direct beneficial, which transactions were completed outside of a closed period.

Johannesburg

8 December 2022

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