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DRDGOLD LIMITED - Acquisition of all the shares in Ergo Mining Operations (Proprietary) Limited not already owned

Release Date: 26/03/2015 08:00
Code(s): DRD04 DRD     PDF:  
Wrap Text
Acquisition of all the shares in Ergo Mining Operations (Proprietary) Limited not already owned

DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
JSE share code: DRD
ISIN: ZAE000058723
Interest rate issuer code: DRDI
DRD04 ISIN: ZAG000096538
Issuer code: DUSM
NYSE trading symbol: DRD
(“DRDGOLD” or the “Company”)


 DRDGOLD’S ACQUISITION OF ALL THE SHARES IN ERGO MINING OPERATIONS
            (PROPRIETARY) LIMITED (“EMO”) NOT ALREADY OWNED BY IT


DRDGOLD shareholders (“Shareholders”) are referred to the announcement published by
DRDGOLD on SENS on 18 March 2014 and the transaction circular posted to Shareholders on
6 May 2014, relating to the share sale and subscription agreement with Khumo Gold SPV
(Proprietary) Limited (“Khumo”), the Company’s black economic empowerment partner, to acquire
Khumo’s 20% interest in the issued share capital of EMO and all its claims against EMO in exchange
for 35 000 000 new DRDGOLD ordinary shares (“Khumo Acquisition”).

DRDGOLD simultaneously entered into an agreement with The DRDSA Empowerment Trust, EMO’s
broad based empowerment shareholder, to acquire its 6% interest in the issued share capital of EMO
and all its claims against EMO in exchange for 10 500 000 new DRDGOLD ordinary shares on
substantially the same terms as the Khumo Acquisition (“Trust Acquisition”).

Shareholders approved the Khumo Acquisition and Trust Acquisition (“Acquisitions”) on
27 June 2014 and are hereby advised that all the suspensive conditions of the Acquisitions have been
fulfilled and 45 500 000 new ordinary shares in DRDGOLD are expected to be issued and listed on or
about Friday, 10 April 2015 and DRDGOLD shall acquire the remaining 26% of EMO making it a
wholly-owned subsidiary of DRDGOLD.


Roodepoort
26 March 2015


Corporate advisor, JSE sponsor and debt sponsor
One Capital


Attorneys
Malan Scholes Incorporated

Date: 26/03/2015 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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