DRD - DRDGOLD Limited - Results of General Meeting
DRD
DRDD
DRD - DRDGOLD Limited - Results of General Meeting and Further Cautionary
DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
JSE trading symbol: DRD
ISIN Code: ZAE000058723
Nasdaq trading symbol: DROOY
("DRDGOLD" or "the company")
RESULTS OF GENERAL MEETING AND FURTHER CAUTIONARY
RESULTS OF GENERAL MEETING
Further to the announcements published on SENS on 12 April 2007, 10 May 2007
and 20 June 2007 and the circular dispatched to shareholders on 20 June 2007
regarding the disposal by Emperor Mines Limited ("Emperor"), a subsidiary of
DRDGOLD, of its indirect 20% interest in the Porgera Joint Venture to a
subsidiary of Barrick Gold Corporation ("Barrick") for a purchase
consideration of US$250 million ("the disposal") and the grant of an option
to Barrick or its nominee to subscribe for 153 325 943 shares in Emperor
("the option"), DRDGOLD shareholders are advised that, at the general
meeting of DRDGOLD shareholders held today, all the resolutions relating to
the disposal and the grant of the option were passed by the requisite
majorities of votes.
The only remaining condition precedent relating to the implementation of the
disposal is Emperor shareholder approval, which will be sought at the
general meeting of Emperor shareholders, to be held in Australia on 30 July
2007.
FURTHER CAUTIONARY
Further to the latest cautionary announcement dated 20 June 2007,
shareholders are advised that negotiations are still in progress relating to
further restructuring of DRDGOLD`s interests which, if successfully
concluded, may have a material effect on the price of the company`s ordinary
shares. Accordingly, shareholders are advised to continue exercising caution
when dealing in the company`s ordinary shares until a full announcement is
made.
Randburg
27 July 2007
Sponsor
BDO QuestCo (Pty) Limited
Date: 27/07/2007 13:28:01 Produced by the JSE SENS Department.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
