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SIBANYE GOLD LIMITED - Beneficial interest in securities

Release Date: 27/12/2018 16:40
Code(s): SGL     PDF:  
Wrap Text
Beneficial interest in securities

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


Beneficial interest in securities

Johannesburg, 27 December 2018. In accordance with section 122(3) (b) of the Companies
Act, No. 71 of 2008 and section 3.83(b) of the JSE Limited Listings Requirements,
shareholders are hereby advised that the Company has received formal notification
that Van Eck Associates Corporation (Van Eck) has disposed of American Depositary
Receipts (ADRs) of the Company which has, in aggregate, resulted in Van Eck’s holding
of the total issued ordinary shares of the Company, reducing from 9.12% to 4.97%.

As a result of the Group’s growth in the Platinum Group Metals (PGMs) sector and high
prevailing PGM spot prices, revenue from Sibanye-Stillwater’s gold operations has
reduced to less than 40% of its total revenues, and it was consequently excluded from
the NYSE ARCA Gold Miners index, the benchmark for the Van Eck ETF fund, during the
recent quarterly review.

As required in terms of Section 122 of the Companies Act, the required notice will
be filed with the Takeover Regulation Panel.


Ends.

Investor relations contact:

Email: ir@sibanyestillwater.com

James Wellsted
Head of Investor Relations
Tel: +27 (0) 83 453 4014

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

FORWARD LOOKING STATEMENTS
This announcement includes “forward-looking statements” within the meaning of the “safe
harbour” provisions of the United States Private Securities Litigation Reform Act of 1995.
Forward-looking statements may be identified by the use of words such as “target”, “will”,
“forecast”, “expect”, “potential”, “intend”, “estimate”, “anticipate”, “can” and other similar
expressions that predict or indicate future events or trends or that are not statements of
historical matters. The forward-looking statements set out in this announcement 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 Sibanye-Stillwater, that could cause Sibanye-
Stillwater’s actual results and outcomes to be materially different from historical results
or from any future results expressed or implied by such forward-looking statements. These
forward-looking statements speak only as of the date of this announcement. Sibanye-Stillwater
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 the occurrence of unanticipated events, save as required by applicable law.

Date: 27/12/2018 04:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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