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DRDGOLD LIMITED - Share repurchase programme

Release Date: 22/05/2019 15:05
Code(s): DRD     PDF:  
 
Wrap Text
Share repurchase programme

DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
JSE Share Code: DRD
ISIN: ZAE000058723
NYSE trading symbol: DRD
(“DRDGOLD” or “Company”)

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.


Johannesburg
22 May 2019

Sponsor
One Capital

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