DRDGOLD (DRD) COO details conditional awards, deferred shares and stock

Rhea-AI Filing Summary

DRDGOLD Limited Chief Operating Officer Jacobus Schoeman filed an initial ownership report showing his current equity-based interests in the company. This Form 3 does not reflect new market trades but discloses existing awards and share holdings.

He holds conditional share awards that may convert into 232,624 ordinary shares vesting on October 25, 2026, subject to continued service and performance conditions, and a further 215,259 ordinary shares vesting on October 22, 2027 on similar terms. He also has 97,015 deferred shares granted under the Single Incentive Plan, vesting in five equal annual installments starting August 13, 2026, plus 25,000 ordinary shares held directly.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Schoeman Jacobus

(Last) (First) (Middle)

CYCAD HOUSE, BUILDING 17, GROUND FLOOR

CNR 14TH AVENUE AND HENDRIK POTGIETER RD

(Street)

WELTEVREDEN PARK T3 1709

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
DRDGOLD LTD [ DRD ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares	25,000	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Conditional Share Awards	10/25/2026	(1)	Ordinary Shares	232,624	$0	D
Conditional Share Awards	10/22/2027	(2)	Ordinary Shares	215,259	$0	D
Deferred Shares	(3)	(3)	Ordinary Shares	97,015	$0	D

Explanation of Responses:

1. Each conditional share award represents a contingent right to receive one ordinary share of DRDGOLD Limited (the "Company"). The Reporting Person was granted conditional share awards under the Company's Equity-settled Long Term Incentive Scheme. The awards vest on October 25, 2026, subject to the Reporting Person's continued service to the Company or its subsidiaries and satisfaction of applicable performance conditions.

2. Each conditional share award represents a contingent right to receive one ordinary share of the Company. The Reporting Person was granted conditional share awards under the Company's Equity-settled Long Term Incentive Scheme. The awards vest on October 22, 2027, subject to the Reporting Person's continued service to the Company or its subsidiaries and satisfaction of applicable performance conditions.

3. Consists of deferred shares of the Company awarded to the Reporting Person on August 13, 2025 under the Company's Single Incentive Plan. The deferred shares are subject to forfeiture and vest in five equal annual installments commencing on August 13, 2026 subject to the Reporting Person's continued service to the Company or its subsidiaries through each applicable vesting date.

Remarks:

	/s/ Jacobus Schoeman	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does the DRDGOLD (DRD) Form 3 filing by Jacobus Schoeman show?

The Form 3 shows Chief Operating Officer Jacobus Schoeman’s existing equity interests in DRDGOLD. It lists conditional share awards, deferred shares, and ordinary shares held directly, providing a baseline of his ownership rather than reporting new market transactions or trades.

How many DRDGOLD (DRD) conditional share awards does the COO hold and when do they vest?

He holds conditional share awards over 232,624 ordinary shares vesting October 25, 2026 and 215,259 ordinary shares vesting October 22, 2027. These awards vest only if he remains in service and specified performance conditions under DRDGOLD’s equity-settled long-term incentive scheme are met.

What are the deferred shares disclosed for DRDGOLD (DRD) COO in the Form 3?

The filing reports 97,015 deferred shares awarded on August 13, 2025 under DRDGOLD’s Single Incentive Plan. These are subject to forfeiture and vest in five equal annual installments starting August 13, 2026, contingent on his continued service through each vesting date.

How many DRDGOLD (DRD) ordinary shares does the COO hold directly?

The Form 3 states that Jacobus Schoeman directly holds 25,000 ordinary shares of DRDGOLD. This is separate from his conditional share awards and deferred shares, which represent rights to receive additional ordinary shares if vesting and performance conditions are satisfied over time.

Do the DRDGOLD (DRD) equity awards for the COO have an exercise price?

The conditional share awards and deferred shares are shown with an exercise or conversion price of 0.0000. This indicates they are share-based incentive awards that do not require a cash exercise price, instead vesting based on service and performance conditions specified in the company’s plans.