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
”)
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
Vesting
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)