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 | |
| Item 2. | |
| (a) | Name of Person Filing
Giovanni Agnelli B.V. Exor N.V. Lingotto Investment Management (UK) Limited
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:
| |||
| (b) | Percent of class:
| |||
| (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 |