Go Back Email this Link to a friend


CRD - Central Rand Gold Limited - Strategic Review Update

Release Date: 19/09/2011 08:00:02      Code(s): CRD
CRD - Central Rand Gold Limited - Strategic Review Update                       
Central Rand Gold Limited                                                       
("CRG" or the "Company" or the "Group")                                         
(Incorporated as a company with limited liability under the laws of Guernsey,   
Company Number 45108)                                                           
(Incorporated as an external company with limited liability under the laws of   
South Africa, registration number 2007/0192231/10)                              
ISIN: GG00B24HM601                                                              
Share code on LSE: CRND                                                         
Share code on JSE: CRD                                                          
As announced on 29 March 2011, the Company is in the process of conducting a    
strategic review. One of the options being considered by the Company as part    
of the strategic review is the sale of the entire issued share capital of the   
Company.                                                                        
Whilst the Company has had negotiations with several interested parties, all    
approaches received to date have been rejected.                                 
The strategic review together with the conventional mining trial continues      
and CRG continues to consider all options including the possible sale of the    
entire issued share capital of the Company. CRG therefore continues to be in    
an offer period for the purposes of the UK Takeover Code.                       
Further updates will be made as appropriate.                                    
For further information, please contact:                                        
CRG                                          +27 (0) 11 674 2304                
Johan du Toit / Patrick Malaza                                                  
Evolution Securities Limited                 +44 (0) 20 7071 4300               
Chris Sim / Neil Elliot                                                         
Merchantec Capital                           +27 (0) 11 325 6363                
Roger Pitt / Monique Martinez                                                   
Buchanan Communications Limited              +44 (0) 20 7466 5000               
Bobby Morse James Strong                                                        
Jenni Newman Public Relations (Pty) Ltd      +27 (0) 11 506 7351                
Jenni Newman                                                                    
Disclosure requirements of the Takeover Code (the "Code")                       
Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of    
any class of relevant securities of an offeree company or of any paper          
offeror (being any offeror other than an offeror in respect of which it has     
been announced that its offer is, or is likely to be, solely in cash) must      
make an Opening Position Disclosure following the commencement of the offer     
period and, if later, following the announcement in which any paper offeror     
is first identified. An Opening Position Disclosure must contain details of     
the person`s interests and short positions in, and rights to subscribe for,     
any relevant securities of each of (i) the offeree company and (ii) any paper   
offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a)      
applies must be made by no later than 3.30 pm (London time) on the 10th         
business day following the commencement of the offer period and, if             
appropriate, by no later than 3.30 pm (London time) on the 10th business day    
following the announcement in which any paper offeror is first identified.      
Relevant persons who deal in the relevant securities of the offeree company     
or of a paper offeror prior to the deadline for making an Opening Position      
Disclosure must instead make a Dealing Disclosure.                              
Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in     
1% or more of any class of relevant securities of the offeree company or of     
any paper offeror must make a Dealing Disclosure if the person deals in any     
relevant securities of the offeree company or of any paper offeror. A Dealing   
Disclosure must contain details of the dealing concerned and of the person`s    
interests and short positions in, and rights to subscribe for, any relevant     
securities of each of (i) the offeree company and (ii) any paper offeror,       
save to the extent that these details have previously been disclosed under      
Rule 8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies must be    
made by no later than 3.30 pm (London time) on the business day following the   
date of the relevant dealing.                                                   
If two or more persons act together pursuant to an agreement or                 
understanding, whether formal or informal, to acquire or control an interest    
in relevant securities of an offeree company or a paper offeror, they will be   
deemed to be a single person for the purpose of Rule 8.3.                       
Opening Position Disclosures must also be made by the offeree company and by    
any offeror and Dealing Disclosures must also be made by the offeree company,   
by any offeror and by any persons acting in concert with any of them (see       
Rules 8.1, 8.2 and 8.4).                                                        
Details of the offeree and offeror companies in respect of whose relevant       
securities Opening Position Disclosures and Dealing Disclosures must be made    
can be found in the Disclosure Table on the Takeover Panel`s website at         
www.thetakeoverpanel.org.uk, including details of the number of relevant        
securities in issue, when the offer period commenced and when any offeror was   
first identified. If you are in any doubt as to whether you are required to     
make an Opening Position Disclosure or a Dealing Disclosure, you should         
contact the Panel`s Market Surveillance Unit on +44 (0)20 7638 0129.            
19 September 2011                                                               
Johannesburg                                                                    
JSE Sponsor                                                                     
Merchantec Capital                                                              
Date: 19/09/2011 08:00:01 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.