0001193125-23-294316.txt : 20231213 0001193125-23-294316.hdr.sgml : 20231213 20231213160149 ACCESSION NUMBER: 0001193125-23-294316 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20231213 DATE AS OF CHANGE: 20231213 GROUP MEMBERS: GIOVANNI AGNELLI B.V. GROUP MEMBERS: LINGOTTO INVESTMENT MANAGEMENT (UK) LTD GROUP MEMBERS: LINGOTTO INVESTMENT MANAGEMENT LLP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Sibanye Stillwater Ltd CENTRAL INDEX KEY: 0001786909 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 000000000 STATE OF INCORPORATION: T3 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-91901 FILM NUMBER: 231483950 BUSINESS ADDRESS: STREET 1: BRIDGEVIEW HSE, BLD 11,CONSTANTIA OFFICE STREET 2: GRND FL, CNR 14TH AVE&HENDRIK POTIETER CITY: WELTEVREDEN PARK STATE: T3 ZIP: 1709 BUSINESS PHONE: 01127112789600 MAIL ADDRESS: STREET 1: BRIDGEVIEW HSE, BLD 11,CONSTANTIA OFFICE STREET 2: GRND FL, CNR 14TH AVE&HENDRIK POTIETER CITY: WELTEVREDEN PARK STATE: T3 ZIP: 1709 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Exor N.V. CENTRAL INDEX KEY: 0001589122 IRS NUMBER: 000000000 STATE OF INCORPORATION: P7 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: SYMPHONY BUILDING STREET 2: GUSTAV MAHLERPLEIN 25 CITY: AMSTERDAM STATE: P7 ZIP: 1082 MS BUSINESS PHONE: 390115090345 MAIL ADDRESS: STREET 1: SYMPHONY BUILDING STREET 2: GUSTAV MAHLERPLEIN 25 CITY: AMSTERDAM STATE: P7 ZIP: 1082 MS FORMER COMPANY: FORMER CONFORMED NAME: Exor S.p.A. DATE OF NAME CHANGE: 20131011 SC 13G 1 d83344dsc13g.htm SC 13G SC 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.    )*

 

 

Sibanye Stillwater Limited

(Name of Issuer)

Ordinary shares of no par value each (including ordinary shares underlying American Depositary Shares)

(Title of Class of Securities)

82575P107**

(CUSIP Number)

December 5, 2023

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

**

This CUSIP number applies to the Issuer’s American Depositary Shares (“ADSs”). Each one ADS represents four ordinary shares. No CUSIP has been assigned to the ordinary shares.

 

 

 

CUSIP No. 82575P107 (American Depositary Shares)

 

  1.    

  Names of Reporting Persons.

 

  Giovanni Agnelli B.V.

  2.  

  Check the Appropriate Box if a Member of a Group (See Instructions)

 

  (a)  ☐        (b)  ☐

  3.  

  SEC Use Only

 

  4.  

  Citizenship or Place of Organization

 

  The Netherlands

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With:

    5.    

  Sole Voting Power:

 

  144,608,070*

   6.  

  Shared Voting Power:

 

  0

   7.  

  Sole Dispositive Power:

 

  144,608,070*

   8.  

  Shared Dispositive Power:

 

   0

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  144,608,070*

10.  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

  ☐

11.  

  Percent of Class Represented by Amount in Row (9)

 

  5.1%**

12.  

  Type of Reporting Person (See Instructions)

 

  HC, CO

 

*

Including (i) 56,738,442 ordinary shares and (ii) 87,869,628 ordinary shares represented by 21,967,407 ADSs.

**

Based on 2,830,567,264 ordinary shares outstanding at September 30, 2023 as reported in the Issuer’s Form 6-K filed with the Securities and Exchange Commission (“SEC”) on November 2, 2023.

 

Page 2 of 9 pages

CUSIP No. 82575P107 (American Depositary Shares)

 

  1.    

  Names of Reporting Persons.

 

  Exor N.V.

  2.  

  Check the Appropriate Box if a Member of a Group (See Instructions)

 

  (a)  ☐        (b)  ☐

  3.  

  SEC Use Only

 

  4.  

  Citizenship or Place of Organization

 

  The Netherlands

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With:

    5.    

  Sole Voting Power:

 

  144,608,070*

   6.  

  Shared Voting Power:

 

  0

   7.  

  Sole Dispositive Power:

 

  144,608,070*

   8.  

  Shared Dispositive Power:

 

   0

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  144,608,070*

10.  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

  ☐

11.  

  Percent of Class Represented by Amount in Row (9)

 

  5.1%**

12.  

  Type of Reporting Person (See Instructions)

 

  HC, CO

 

*

Including (i) 56,738,442 ordinary shares and (ii) 87,869,628 ordinary shares represented by 21,967,407 ADSs.

**

Based on 2,830,567,264 ordinary shares outstanding at September 30, 2023 as reported in the Issuer’s Form 6-K filed with the SEC on November 2, 2023.

 

Page 3 of 9 pages

CUSIP No. 82575P107 (American Depositary Shares)

 

  1.    

  Names of Reporting Persons.

 

  Lingotto Investment Management (UK) Limited

  2.  

  Check the Appropriate Box if a Member of a Group (See Instructions)

 

  (a)  ☐        (b)  ☐

  3.  

  SEC Use Only

 

  4.  

  Citizenship or Place of Organization

 

  United Kingdom

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With:

    5.    

  Sole Voting Power:

 

  144,608,070*

   6.  

  Shared Voting Power:

 

  0

   7.  

  Sole Dispositive Power:

 

  144,608,070*

   8.  

  Shared Dispositive Power:

 

   0

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  144,608,070*

10.  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

  ☐

11.  

  Percent of Class Represented by Amount in Row (9)

 

  5.1%**

12.  

  Type of Reporting Person (See Instructions)

 

  CO, FI

 

*

Including (i) 56,738,442 ordinary shares and (ii) 87,869,628 ordinary shares represented by 21,967,407 ADSs.

**

Based on 2,830,567,264 ordinary shares outstanding at September 30, 2023 as reported in the Issuer’s Form 6-K filed with the SEC on November 2, 2023.

 

Page 4 of 9 pages

CUSIP No. 82575P107 (American Depositary Shares)

 

  1.    

  Names of Reporting Persons.

 

  Lingotto Investment Management LLP (formerly known as Exor Capital LLP)

  2.  

  Check the Appropriate Box if a Member of a Group (See Instructions)

 

  (a)  ☐        (b)  ☐

  3.  

  SEC Use Only

 

  4.  

  Citizenship or Place of Organization

 

  United Kingdom

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With:

    5.    

  Sole Voting Power:

 

  144,608,070*

   6.  

  Shared Voting Power:

 

  0

   7.  

  Sole Dispositive Power:

 

  144,608,070*

   8.  

  Shared Dispositive Power:

 

   0

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  144,608,070*

10.  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

  ☐

11.  

  Percent of Class Represented by Amount in Row (9)

 

  5.1%**

12.  

  Type of Reporting Person (See Instructions)

 

  PN, FI

 

*

Including (i) 56,738,442 ordinary shares and (ii) 87,869,628 ordinary shares represented by 21,967,407 ADSs.

**

Based on 2,830,567,264 ordinary shares outstanding at September 30, 2023 as reported in the Issuer’s Form 6-K filed with the SEC on November 2, 2023.

 

Page 5 of 9 pages

Item 1.

 

        (a)   

Name of Issuer:

 

Sibanye Stillwater Limited

        (b)   

Address of Issuer’s Principal Executive Offices

 

Constantia Office Park
Cnr 14th Avenue and Hendrik Potgieter Road
Bridgeview House, Ground Floor
Weltevreden Park, 1709
South Africa

 

Item 2.

 

        (a)   

Name of Person Filing

 

Giovanni Agnelli B.V.

Exor N.V.

Lingotto Investment Management (UK) Limited
Lingotto Investment Management LLP

 

Lingotto Investment Management LLP, which acquired the securities being reported on, is 99.7% owned by Lingotto Investment Management (UK) Limited. Lingotto Investment Management (UK) Limited is a wholly owned subsidiary of Exor N.V., which in turn is controlled by Giovanni Agnelli B.V.

        (b)   

Address of Principal Business Office or, if none, Residence

 

Giovanni Agnelli B.V.

Symphony Building

Gustav Mahlerplein 25

Amsterdam, 1082 MS

The Netherlands

 

Exor N.V.

 

Symphony Building

Gustav Mahlerplein 25

Amsterdam, 1082 MS

The Netherlands

 

Lingotto Investment Management (UK) Limited

 

7 Seymour Street

London, W1H 7JW

United Kingdom

 

Lingotto Investment Management LLP

 

7 Seymour Street

London, W1H 7JW

United Kingdom

 

Page 6 of 9 pages

        (c)   

Citizenship

 

Giovanni Agnelli B.V. – the Netherlands

Exor N.V. – the Netherlands

Lingotto Investment Management (UK) Limited– United Kingdom

Lingotto Investment Management LLP – United Kingdom

        (d)   

Title of Class of Securities

 

Ordinary shares of no par value each

        (e)   

CUSIP Number

 

82575P107. The CUSIP number applies to the ADSs, each of which represents four ordinary shares.

 

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

Not applicable.

 

Item 4.

Ownership.

 

        (a)   

Amount beneficially owned:
See the responses to Item 9 on the attached cover pages.

 

        (b)   

Percent of class:
See the responses to Item 11 on the attached cover pages.

 

        (c)    Number of shares as to which the person has:
   (i)    Sole power to vote or to direct the vote
See the responses to Item 5 on the attached cover pages.
   (ii)    Shared power to vote or to direct the vote
See the responses to Item 6 on the attached cover pages.
   (iii)    Sole power to dispose or to direct the disposition of
See the responses to Item 7 on the attached cover pages.
   (iv)    Shared power to dispose or to direct the disposition of
See the responses to Item 8 on the attached cover pages.

 

Item 5.

Ownership of Five Percent or Less of a Class.

Not Applicable.

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

Not Applicable.

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

See Item 2.

 

Item 8.

Identification and Classification of Members of the Group.

Not Applicable.

 

Item 9.

Notice of Dissolution of Group.

Not Applicable.

 

Page 7 of 9 pages

Item 10.

Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

 

Page 8 of 9 pages

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: December 13, 2023

 

Giovanni Agnelli B.V.
By  

/s/ Guido de Boer

Name:   Guido de Boer
Title:   Authorized Signatory
Exor N.V.
By  

/s/ Guido de Boer

Name:   Guido de Boer
Title:   Chief Financial Officer
Lingotto Investment Management (UK) Limited
By  

/s/ Enrico Vellano

Name:   Enrico Vellano
Title:   CEO
Lingotto Investment Management LLP
By  

/s/ Enrico Vellano

Name:   Enrico Vellano
Title:   Co-CEO

 

Page 9 of 9 pages

INDEX TO EXHIBITS

 

99.1    Joint Filing Agreement
 EX-99.1 2 d83344dex991.htm EX-99.1 EX-99.1

EXHIBIT 99.1

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, the undersigned agree to the joint filing of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the American Depositary Shares, or ADSs, each representing four ordinary shares of Sibanye Stillwater Limited and further agree to the filing of this agreement as an Exhibit thereto. In addition, each party to this Agreement expressly authorizes each other party to this Agreement to file on its behalf any and all amendments to such Statement on Schedule 13G.

Date: December 13, 2023

 

Giovanni Agnelli B.V.
By  

/s/ Guido de Boer

Name:   Guido de Boer
Title:   Authorized Signatory
Exor N.V.
By  

/s/ Guido de Boer

Name:   Guido de Boer
Title:   Chief Financial Officer
Lingotto Investment Management (UK) Limited
By  

/s/ Enrico Vellano

Name:   Enrico Vellano
Title:   CEO
Lingotto Investment Management LLP
By  

/s/ Enrico Vellano

Name:   Enrico Vellano
Title:   CEO