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SIBANYE GOLD LIMITED - Extension on 60 day rule to dispatch circular

Release Date: 06/02/2017 09:05
Code(s): SGL     PDF:  
Wrap Text
Extension on 60 day rule to dispatch circular

Sibanye Gold Limited
Incorporated in the Republic of South Africa
Registration number 2002/031431/06
Share code: SGL
ISIN – ZAE000173951
Issuer code: SGL
(“Sibanye Gold”, “Sibanye” or “the Group” or “the Company”)


Sibanye receives extension on 60 day rule to dispatch circular for general
meeting

Shareholders are referred to the announcement released on the Stock Exchange
News Service on 9 December 2016 in which they were advised that Sibanye had
entered into a definitive agreement to acquire all of the outstanding common
stock of Stillwater Mining Company (NYSE: SWC) for US$18.00 per share in cash
or US$2.2 billion in aggregate (the “Transaction”).

Shareholders are advised that the Company has received an extension from the
Johannesburg Stock Exchange (“JSE”) to the 60 day rule in terms of the JSE
Listings Requirements which requires the Company, within 60 days, to dispatch
a circular to its shareholders containing a notice of general meeting to
obtain their approval for the Transaction. The extension allows the
preparation of the circular to run concurrently with the preparation of the
2016 Annual Financial Statements. The required circular is in the process of
being prepared and will be posted to shareholders in early to mid-March 2017.


FORWARD- LOOKING STATEMENTS

Certain statements in this document constitute “forward-looking statements”
within the meaning of Section 27A of the US Securities Act of 1933 and Section
21E of the US Securities Exchange Act of 1934.

These forward-looking statements, including, among others, those relating to
Sibanye’s future business prospects, revenues and income, wherever they may
occur in this document and the exhibits to this document, are necessarily
estimates reflecting the best judgment of the senior management and directors
of Sibanye, and involve a number of known and unknown risks and uncertainties
that could cause actual results, performance or achievements of the Group to
differ materially from those suggested by the forward-looking statements. As a
consequence, these forward-looking statements should be considered in light of
various important factors, including those set forth in this document.
Important factors that could cause the actual results to differ materially from
estimates or projections contained in the forward-looking statements include,
without limitation: economic, business, political and social conditions in
South Africa, Zimbabwe and elsewhere; changes in assumptions underlying
Sibanye’s estimation of its current Mineral Reserves and Resources; the ability
to achieve anticipated efficiencies and other cost savings in connection with
past and future acquisitions, as well as at existing operations; the ability of
Sibanye to successfully integrate acquired businesses and operations (whether
in the gold mining business or otherwise) into its existing businesses; the
success of Sibanye’s business strategy, exploration and development activities;
the ability of Sibanye to comply with requirements that it operate in a
sustainable manner; changes in the market price of gold, platinum group metals
(“PGMs”) and/or uranium; the occurrence of hazards associated with underground
and surface gold, PGMs and uranium mining; the occurrence of labour disruptions
and industrial action; the availability, terms and deployment of capital or
credit; changes in relevant government regulations, particularly environmental,
tax health and safety regulations and new legislation affecting water, mining,
mineral rights and business ownership, including any interpretations thereof
which may be subject to dispute; the outcome and consequence of any potential
or pending litigation or regulatory proceedings or other environmental, health
and safety issues; power disruptions, constraints and cost increases; supply
chain shortages and increases in the price of production inputs; fluctuations
in exchange rates, currency devaluations, inflation and other macro-economic
monetary policies; the occurrence of temporary stoppages of mines for safety
incidents and unplanned maintenance; Sibanye’s ability to hire and retain
senior management or sufficient technically skilled employees, as well as its
ability to achieve sufficient representation of historically disadvantaged
South Africans’ in its management positions; failure of Sibanye’s information
technology and communications systems; the adequacy of Sibanye’s insurance
coverage; any social unrest, sickness or natural or man-made disaster at
informal settlements in the vicinity of some of Sibanye’s operations; and the
impact of HIV, tuberculosis and other contagious diseases. These forward-
looking statements speak only as of the date of this document.

The Group 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 document or to reflect the occurrence of unanticipated events.


6 February 2017
Libanon, Westonaria

CONTACT

James Wellsted
SVP Investor Relations
Sibanye Gold Limited
+27 83 453 4014
james.wellsted@sibanyegold.co.za

Sponsor: J.P. Morgan Equities South Africa Proprietary Limited

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