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SIBANYE GOLD LIMITED - Results of the Sibanye-Stillwater General Meeting

Release Date: 04/12/2017 12:33
Code(s): SGL     PDF:  
Wrap Text
Results of the Sibanye-Stillwater General Meeting

Sibanye Gold Limited
Trading as Sibanye-Stillwater
Reg. No. 2002/031431/06
Incorporated in the Republic of South Africa
Share Code: SGL
ISIN Code: ZAE000173951
Issuer Code: SGL
(“Sibanye-Stillwater” or “the Company” or “the Group”)


Results of the Sibanye-Stillwater General Meeting


Johannesburg, 4 December 2017: Shareholders are referred to the circular posted to
Sibanye-Stillwater shareholders on 2 November 2017 ("Circular") incorporating the notice
of General Meeting and which contains, inter alia, the details of the Convertible Bonds,
the Specific Issue and the Ordinary Resolution. All capitalised terms contained herein
shall bear the meaning ascribed to them in the Circular.


Sibanye-Stillwater is pleased to announce that the Ordinary Resolution regarding the
granting of authority for the Specific Issue upon conversion of the Convertible Bonds,
was passed by the requisite majority of votes at the Company's General Meeting held at
the Sibanye-Stillwater Academy at 09:00 this morning.


The number of shares voted in person or by proxy was 1,762,103,423 representing 81% of
the total issued share capital of Sibanye-Stillwater’s ordinary shares. The Ordinary
Resolution proposed at the General Meeting and the percentage of shares voted for and
against, as well as the shares abstained, are set out below:


Resolution                    % of votes        % of      Number of            % of          % of
                                 for the       votes     shares voted        shares        shares
                              resolution     against               (3)     voted (2)    abstained
                                      (1)        the                                           (2)

                                            resoluti
                                               on (1)

Ordinary Resolution 1 –     87.26%           12.74%      1,758,662,164      81.09%         0.16%
Granting of authority
for the Specific Issue
upon conversion of the
Convertible Bonds

Notes:

(1) The shares voted disclosed as a percentage in relation to the total number of
shares voted at the meeting.

(2) The shares voted or abstained disclosed as a percentage in relation to the total
issued share capital.

(3) Exclude abstain votes of 3,441,259

Ends.
Investor relations contact:
James Wellsted
Tel: +27 (0) 83 453 4014




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Email: ir@sibanyestillwater.com


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


FORWARD LOOKING STATEMENTS
Certain statements in this document constitute “forward-looking statements” within the meaning of the “safe
harbour” provisions of the United States Private Securities Litigation Reform Act of 1995.


These forward-looking statements, including, among others, those relating to Sibanye-Stillwater’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-Stillwater, 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-Stillwater’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 existing operations; the success of Sibanye-Stillwater’s
business strategy, exploration and development activities; the ability of Sibanye-Stillwater 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 government regulations, particularly environmental 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-Stillwater’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-Stillwater’s information technology and communications systems;
the adequacy of Sibanye-Stillwater’s insurance coverage; any social unrest, sickness or natural or man-made
disaster at informal settlements in the vicinity of some of Sibanye-Stillwater’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.




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