| Thu 31 Jan 2008, 9:02 | | DRD - DRDGold - Update On Litigation Instituted By Drdgold And Its Subsidiaries |
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DRD
DRDD
DRD - DRDGold - Update On Litigation Instituted By Drdgold And Its Subsidiaries
Against Messrs Kebble, Stratton And Buitendag, And JCI Limited
DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
JSE share code: DRD
ISIN: ZAE000058723
Issuer code: DUSM
Nasdaq trading symbol: DROOY
("DRDGOLD")
UPDATE ON LITIGATION INSTITUTED BY DRDGOLD AND ITS SUBSIDIARIES AGAINST MESSRS
KEBBLE, STRATTON AND BUITENDAG, AND JCI LIMITED
In July 2003, DRDGOLD, DRD Australia (Pty) Limited and DRD Australasia Aps
instituted an action in the High Court of South Africa ("the High Court")
against Messrs RAR Kebble, M Prinsloo, J Stratton and HC Buitendag and JCI
Limited ("the defendants"),which relate to the RAWAS transaction.
Shareholders are advised that yesterday in the High Court, the defendants, with
the exception of Mr Stratton, abandoned their special plea that the matter has
become settled and a court order dismissing the special plea with costs was
issued. The matter will now be set down to be heard on the merits of the case on
a date to be allocated by the Registrar of the High Court.
The following claims are being pursued:
- R69.6 million (A$11.2 million) for the 7,644,944 DRDGOLD ordinary shares
issued on 9 July 1999 at a price per share of R9.10; and
- R7.6 million (A$1.2million) for the 637,062 DRDGOLD ordinary shares issued
on October 8, 1999, at a price per share of R11.90.
DRDGOLD will continue to keep shareholders updated regarding the above
litigation.
Randburg
31 January 2008
Sponsor
BDO QuestCo
Date: 31/01/2008 09:02:32 Produced by the JSE SENS Department.
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