DRD - DRDGold Limited - Disposal by DRDGOLD of its
DRD
DRDD
DRD - DRDGold Limited - Disposal by DRDGOLD of its stake in Emperor Mines
Limited ("Emperor") 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")
Disposal by DRDGOLD of its stake in Emperor Mines Limited ("Emperor") and
further cautionary
Shareholders are referred to the announcement released on 18 September 2007 by
Emperor, the 78.7% held subsidiary of DRDGOLD, relating to the proposed merger
between Emperor and Intrepid Mines Limited ("Intrepid") ("the Emperor merger").
In terms of the Emperor merger, Emperor shareholders will be offered 1 Intrepid
share for every 4.25 Emperor shares held. The Emperor merger will be
implemented by way of a scheme of arrangement ("the Emperor scheme").
DRDGOLD has informed Emperor that it plans to refocus its attention on
opportunities in South Africa and so intends to seek to realise its investment
in Emperor in an orderly manner prior to the Emperor scheme meeting. Emperor
has agreed to work with DRDGOLD to seek to facilitate such an exit. The Emperor
merger is therefore subject to DRDGOLD being able to successfully realise its
investment in Emperor prior to this time.
It is anticipated that the disposal by DRDGOLD of its investment in Emperor
("the disposal") will be a Category 3 transaction in terms of the JSE Limited
Listings Requirements. Further details relating to the disposal will be
released as soon as practical. Shareholders should therefore continue to
exercise caution until a full announcement is made.
Randburg
18 September 2007
Sponsor: BDO QuestCo
Date: 18/09/2007 12:51:02 Produced by the JSE SENS Department.
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