JCD RNG KRHT
JCD RNG
RNG/RNG - R&E/ JCI - Update To Shareholders
Randgold & EXPLORATION COMPANY LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1992/005642/06)
Share code: RNG & ISIN: ZAE000008819 (Suspended)
ADR Ticker symbol: RNG
Nasdaq trading symbol: RANGY (Delisted)
("R&E")
JCI LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1894/000854/06
Share code: JCD & ISIN: ZAE0000039681 (Suspended) ZAE000008819
("JCI")
UPDATE TO SHAREHOLDERS
Proposed merger of Randgold & Exploration Company Limited ("R&E") and JCI
Limited ("JCI") and in terms of a scheme of arrangement ("the scheme")
In a joint announcement on 29 June 2007, R&E and JCI shareholders were notified
that the companies had applied to the JSE Limited ("JSE") and the Securities
Regulation Panel ("SRP") for rulings relating to the appropriate disclosures to
be made in respect of the proposed merger of the companies, as per the joint
SENS announcement on 23 April 2007. In terms of the scheme, R&E would acquire
all the issued shares in JCI in exchange for an issue of new R&E shares.
Shareholders were advised that the Executive Director of the SRP had determined
that interested parties would be given an opportunity to submit written
submissions to the Executive Director regarding the proposals for disclosure
contained in the application.
Shareholders are hereby advised that:
Six written submissions were received by the Executive Director of the SRP prior
to the deadline of 12h00 on Friday, 6 July 2007, for their consideration.
Shareholders will be kept informed of meaningful developments in respect of the
application to the SRP.
Johannesburg
20 July 2007
Sponsor and Corporate Adviser
Sasfin Capital
A division of Sasfin Bank Limited
Date: 20/07/2007 16:05:01 Produced by the JSE SENS Department.
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