Go Back Email this Link to a friend


HAR - Harmony Gold Mining Company Limited - Harmony suspends negotiations

Release Date: 28/08/2009 16:26:02      Code(s): HAR
HAR - Harmony Gold Mining Company Limited - Harmony suspends negotiations       
regarding Pamodzi Gold`s Free State Assets                                      
Harmony Gold Mining Company Limited                                             
(Incorporated in the Republic of South Africa)                                  
Registration number 1950/038232/06                                              
ISIN ZAE000015228        Issuer code: HAPS                                      
TRADING SYMBOLS: Ordinary Shares: JSE Limited: HAR,                             
New York Stock Exchange, Inc., HMY, London Stock Exchange plc: HRM              
Euronext Paris: HG, Euronext Brussels: HMY, Berlin Stock Exchange: HAM1,        
NASDAQ: HMY                                                                     
HARMONY SUSPENDS NEGOTIATIONS REGARDING PAMODZI GOLD`S FREE STATE ASSETS        
Johannesburg. Friday, 28 August 2009. Harmony Gold Mining Company Limited       
(Harmony) notes the recent public statements made regarding the proposed        
recapitalisation of the Pamodzi Gold group of companies.                        
Harmony has been in negotiations with the provisional liquidators of Pamodzi    
Gold Free State (Proprietary) Limited (Pamodzi Gold Free State) regarding the   
potential acquisition of the assets of Pamodzi Gold Free State since April 2009.
Harmony believes that it has offered a fair price and that the potential        
acquisition, if implemented, will provide a sustainable future for the relevant 
stakeholders in the Free State.                                                 
As a result of the recent developments, Harmony advises that it has decided to  
suspend negotiations with the provisional liquidators of Pamodzi Gold Free State
in respect of the potential acquisition in order to allow all stakeholders an   
opportunity to assess the proposed recapitalisation and the likelihood of it    
succeeding.                                                                     
Harmony`s decision as to whether or not to recommence negotiations with the     
provisional liquidators of Pamodzi Gold Free State will be made in due course   
depending on developments regarding the proposed recapitalisation.              
For more details contact:                                                       
Graham Briggs                                                                   
Chief Executive Officer                                                         
on +27(0)83 265 0274                                                            
Corporate Office:                                                               
Randfontein Office Park                                                         
P O Box 2                                                                       
Randfontein                                                                     
South Africa 1760                                                               
T +27 (11) 411 2000                                                             
www.harmony.co.za                                                               
Sponsor:                                                                        
J.P. Morgan Equities Limited                                                    
Date: 28/08/2009 16:26:02 Supplied by www.sharenet.co.za                     
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.                                          



                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2019 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.