DRDGOLD - share repurchase programme
DRDGOLD shareholders ("Shareholders") are advised that the Company has established a share repurchase programme in terms of which the Company and / or its subsidiaries may repurchase up to 5 million ordinary shares ("DRDGOLD Shares"), being 0.7% of the Company's issued share capital, for an aggregate consideration not exceeding R14 million, pursuant to and in accordance with the authority granted by Shareholders at the Company's annual general meeting held on Friday, 30 November 2018 ("Repurchase Programme").
The Repurchase Programme will commence on 22 May 2019 and will extend to and will terminate upon the expiry of the General Authority, being the date of the next annual general meeting of the Company or Friday, 28 February 2020, whichever is the earlier date.
DRDGOLD Shares purchased in terms of the Repurchase Programme may not be made at a price greater than 10% above the volume weighted average trading price of DRDGOLD Shares over the five trading days immediately preceding any particular repurchase and will be effected through the order book operated by the JSE Limited, without any prior understanding or arrangement between the Company and / or its subsidiaries and the counterparties.
The Repurchase Programme may be discontinued at any time and the Company and / or its subsidiaries have no obligation to repurchase any amount of DRDGOLD Shares under the Repurchase Programme.