Shareholders & BEE
BLACK ECONOMIC EMPOWERMENT
Lesedi Drilling started out as a black Empowered organisation in 2002 but as has happened countless times in the mining industry, the original black shareholders sold their shares forcing the company to find new BEE partners. It was decided in 2012 that the most deserving partners that Lesedi Drilling could find were the people who were employed by the company. Our employees trust was created and at the time of its creation 95% of the employees were black. This percentage black shareholding is guaranteed in the Trust document no matter what level white employee’s makeup of the total number of employees in the future..
Salome Malema is a black South African female who serves as the CEO of Lesedi Drilling.
The current shareholders of the company are:
|Shareholder||No of shares||Type of shareholder||% Holding|
|Employees Share Trust||837||95% Black South African Males||41.42%|
|Salome Malema||229||Black female||11.33%|
|Gordon Hogan||504||White Male||24.94%|
|Anthony Nocton Smith||451||White Male||22.32%|
Whilst Lesedi Drilling has a number of disabled employees they are represented in the Employees Trust.