As the South African Women in Mining Investment Holdings (SAWIMIH), we are committed to empowering our shareholders with the knowledge and tools to make informed financial decisions. Our recent roadshows have been instrumental in explaining the Eyesizwe RF BEE structure and the upcoming milestone in the 10-year agreement, ensuring that all shareholders are prepared to capitalize on the opportunities available.
Understanding the Unwinding Process
The Eyesizwe RF Black Economic Empowerment (BEE) structure is nearing a key phase of its 10-year journey. As we reach the 7th year in December 2024, shareholders are presented with options to unlock value from their Exxaro shares.
Key Highlights of the Process
- 50% Share Release Option in 2024:
This year, Eyesizwe RF shareholders have the option to sell up to 50% of their shares and receive immediate cash benefits. - Remaining Shares Released in Equal Tranches:
The remaining 50% of shares will be made available in three equal tranches at the end of 2025, 2026, and 2027, offering shareholders phased access to their investments over the next three years. - Flexibility and Control:
Shareholders can choose to:- Hold Exxaro shares directly: Retain ownership and benefit from long-term growth.
- Participate in a Coordinated Sales Process: Sell shares through a structured process overseen by a joint Exxaro/Eyesizwe RF committee to ensure fair and transparent transactions.
- Governance and Oversight:
A joint committee, with representation from Exxaro and Eyesizwe RF, has been established to manage the sales process effectively. Evergreen vehicles such as the Employee Share Trust and Community Company continue to uphold the initiative’s sustainability.
SAWIMIH Roadshows: Informing and Empowering Shareholders
The SAWIMIH roadshows have created a platform to engage with shareholders and clarify the unwinding process. These sessions have provided:
- Education on Options: Detailed explanations of the share release process and shareholder choices.
- Financial Planning Support: Guidance on making decisions aligned with long-term financial goals.
- Personalized Consultations: One-on-one engagements to address individual questions and preferences.
Empowering Women, Driving Financial Freedom
At SAWIMIH, women empowerment remains at the core of our mission. The Eyesizwe RF unwinding process is not just about shares; it is about creating lasting financial freedom for our shareholders. By equipping our stakeholders with knowledge and opportunities, we continue to transform lives and foster economic inclusion.
Next Steps for Shareholders
As we approach December 2024, we urge all SAWIMIH shareholders to:
- Understand Your Options: Attend roadshows or consult with Eyesizwe RF representatives to explore the best path for your financial future.
- Plan Ahead: Decide whether to sell or hold shares based on your individual goals.
- Stay Informed: Keep up with updates from SAWIMIH and Eyesizwe RF about the unwinding process.
Conclusion
The Eyesizwe RF unwinding process is more than just a financial transaction it is an
opportunity to solidify the financial freedom of SAWIMIH shareholders. Through us
partnership with BBK/Eyesizwe SPV, Eyesizwe RF and Exxaro, we are confident that
this initiative will unlock new avenues of growth and empowerment for our women.
For further information, please reach out to the SAWIMIH team. Let’s continue to transform lives, one empowered shareholder at a time.
