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Results of Scheme Meeting
WITWATERSRAND CONSOLIDATED GOLD RESOURCES LIMITED
(Incorporated in the Republic of South Africa)
Registration Number 2002/031365/06
JSE Code: WGR
ISIN: ZAE000079703
TSX Code: WGR
CUSIP Number: S98297104
("Wits Gold” or the “Company")
RESULTS OF SCHEME MEETING
1. INTRODUCTION
Wits Gold Shareholders are referred to the Firm Intention Announcement as well as the
further announcements by the Company released on SENS and filed on SEDAR dated
11 December 2013,13 December 2013 and 12 February 2014 respectively, together with the
circular issued to Wits Gold Shareholders on 12 February 2014 regarding the Scheme and
Scheme Meeting (the “Circular”).
Words and expressions, including capitalised terms, in this announcement shall have the
same meaning as assigned to them in the Circular, unless indicated otherwise.
2. RESULTS OF THE SCHEME MEETING
Wits Gold Shareholders are advised that at the Scheme Meeting held earlier today,
Thursday, 13 March 2014, at 15:00 CAT / 08:00 ET, all of the resolutions required to give
effect to the Scheme as set out in the notice convening the Scheme Meeting incorporated in
the Circular were passed, without modification, by the requisite majority of votes.
The Scheme Shares that were represented in voting at the Scheme Meeting were 69.84%,
and:
- 99.99875% of these shares voted in favour of special resolution 1, approval of the
Scheme; and
- 99.99875% of these shares voted in favour of ordinary resolution 1, authorisation of
directors,
at the Scheme Meeting.
Furthermore, Wits Gold Shareholders are advised that no shareholders objected to the
special resolution approving the Scheme in terms of section 164 of the Companies Act prior
to commencement of the Scheme Meeting.
3. OUTSTANDING SCHEME CONDITIONS PRECEDENT
Shareholders are advised that the following Scheme Conditions Precedent, as detailed in
the Circular, remain outstanding and will be subject to fulfilment or waiver (in whole part or in
part) by no later than 30 April 2014:
- the Business Rescue Plan is still valid and in force and effect;
- the issue by the Takeover Regulation Panel of a compliance certificate with respect
to the Transaction and its implementation as contemplated in section 121(b)(i) of the
Companies Act;
- a Material Adverse Change, as defined in the Circular, shall not have occurred on or
before the Fulfilment Date or should such Material Adverse Change have occurred,
that it will have been remedied by such date; and
- should the implementation of the Scheme be subject to approval by a court in terms
of the provisions of section 115(2) of the Companies Act, that such approval is
obtained.
The salient dates and times relating to the Scheme will be announced as soon as the
Scheme becomes unconditional, which is anticipated to be by Monday, 31 March 2014.
Johannesburg
13 March 2014
Corporate Adviser and Lead JSE Sponsor
Macquarie First South Capital Proprietary Limited
JSE Sponsor
PricewaterhouseCoopers Corporate Finance Proprietary Limited
South African Legal Adviser
Falcon & Hume Inc
Canadian Legal Adviser
Stikeman Elliott
For further information please contact:
Philip Kotze Hethen Hira
Chief Executive Officer Vice President: Corporate Affairs
Tel: +27 11 832 1749 Tel: +27 11 832 1749
www.witsgold.com
Forward-Looking Statements
Certain statements included in this announcement, as well as oral statements that may be
made by Wits Gold, or by its officers, directors or employees acting on its behalf related to
the subject matter hereof, constitute or are based on forward-looking statements.
These forward-looking statements involve a number of known and unknown risks,
uncertainties and other factors, many of which are difficult to predict and generally beyond
the control of Wits Gold, that could cause actual results and outcomes of Wits Gold to be
materially different from historic results or from any future results expressed or implied by
such forward-looking statements.
Such risks, uncertainties and other factors include, among others, the parties’ (being Wits
Gold and Sibanye) ability to complete the Scheme and the anticipated timing related thereto.
Wits Gold undertakes no obligation to update publicly or release any revisions to these
forward-looking statements to reflect events or circumstances after the date of this
announcement or to reflect any change in Wits Gold’s expectations with regard thereto
except as otherwise required by law.
Date: 13/03/2014 05:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
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