HOLISTIC AND INTEGRATED STRATEGY
Sibanye strives to deliver value to shareholders through consistent, industry-leading dividends and capital appreciation by applying its holistic, efficient operating model at its operations and by investing in value-accretive growth.
Sibanye’s commitment to paying industry-leading dividends underpins and informs its corporate strategy and decisions, and is supported by an inclusive approach to stakeholder relations.
Sibanye’s strategy is not limited to the gold sector – it will pursue value-accretive opportunities in other mining sectors.
RESPONDING TO SHAREHOLDERS
Sibanye’s shareholder base is broad and diverse, and its shares were actively traded in 2015. An average of 3,024,491 ordinary shares and 1,110,883 ADRs were traded daily on the JSE and NYSE respectively. As at 31 December 2015, the top eight shareholders (including ADR depositary) held around 60% of the issued capital.
Engagement with shareholders is regular and proactive, which is consistent with Sibanye’s strategy and vision to deliver value to all stakeholders.
What Sibanye offers investors:
- leverage to commodity prices
- robust cash flow
- capital expedience and discipline
- industry-leading sustainable dividends and capital appreciation
Continuous interaction and communication with investors on Sibanye’s performance against its strategic objectives is essential. It has ensured that they are appropriately and timeously informed and aware of plans to transform Sibanye into a multi-commodity mining company without falling foul of regulatory authorities or compromising the transactions.
Sibanye’s dividend policy
is to return at least 25% to 35% of normalised earnings to shareholders and, after due consideration of future requirements, the dividend may be increased beyond these levels. The Group has established itself as a benchmark dividend payer in the global mining industry and intends to maintain this position.