| Fri 5 Feb 2010, 7:05 | | GDO - Gold One - Amendment to Listing Status of Gold One on the JSE From Primary |
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GDO
GDO
GDO - Gold One - Amendment to Listing Status of Gold One on the JSE From Primary
Listing Status to Secondary Listing Status, Proposed Amendments to the
Constitution of Gold One, Posting of Circular And Notice of General Meeting
Gold One International Limited
(Previously BMA Gold Limited)
Registered in Western Australia under the Corporations Act, 2001 (Cth)
Registration number ACN: 094 265 746
Registered as an external company in the Republic of South Africa Registration
number: 2009/000032/10
Share code on the ASX/JSE: GDO
ISIN: AU000000GDO5
OTCQX International: GLDZY
("Gold One" or the "company")
AMENDMENT TO LISTING STATUS OF GOLD ONE ON THE JSE FROM PRIMARY LISTING STATUS
TO SECONDARY LISTING STATUS, PROPOSED AMENDMENTS TO THE CONSTITUTION OF GOLD
ONE, POSTING OF CIRCULAR AND NOTICE OF GENERAL MEETING
Introduction and posting of circular
Gold One shareholders are advised that a circular relating to the amendment of
the listing status of Gold One on the Main Board List of JSE Limited ("JSE")
from a primary listing to a secondary listing and to certain proposed amendments
to the constitution of Gold One ("proposals"), is expected to be posted to Gold
One shareholders on Saturday, 6 February 2010 ("circular").
Rationale for the amendment to the JSE listing
The company currently holds a dual primary listing on the Australian Securities
Exchange ("ASX") under Industry classification: "Metals and Mining" and on the
JSE on the "Mining: Gold Mining" sector of the Main Board List.
The dual primary listing requires that Gold One comply fully with the provisions
of the JSE Listings Requirements and the ASX Listing Rules. The costs and
administrative requirements associated with Gold One having to fully comply with
the requirements and rules of two different exchanges are significant and Gold
One believes that its shareholders` best interests will not be prejudiced by
Gold One complying in full with the ASX Listing Rules and complying with the JSE
Listings Requirements only to the extent required for secondary dual listings on
the JSE.
Rationale for the amendment to the Gold One constitution
The proposed amendments to the Gold One constitution are designed to streamline
the administrative processes of the company. The proposed amendments are
summarised and set out in full in the circular.
Notice of general meeting
The circular contains a notice of general meeting of Gold One shareholders to be
convened for the purpose of considering and, if deemed fit, passing, with or
without modification, the ordinary and special resolutions necessary to
implement the proposals.
The general meeting will be held at 17:00 Australian Eastern Daylight Time
("AEDT") on Thursday, 11 March 2010, at the offices of Macquarie Bank, Level 3,
1 Martin Place, Sydney, Australia and will be telecast at the offices of
Macquarie First South Advisers (Pty) Limited, situated at The Place, 1 Sandton
Drive, South Wing, Sandown, Johannesburg commencing at 08:00 Central African
Time ("CAT") on Thursday, 11 March 2010 ("general meeting"). Shareholders
attending the telecast will be able to view the event and participate in the
general meeting.
Salient dates and times
The salient dates and times relating to the general meeting are set out below:
Item 2010
Posting of circular Saturday, 6
February
Last day to lodge forms of proxy in respect of Tuesday, 9 March
the general meeting by 17:00 AEDT and 08:00
CAT
General meeting to be held at 17:00 AEDT to be Thursday, 11 March
telecast at 08:00 CAT
Results of the general meeting released on Thursday, 11 March
SENS and to the ASX
Results of the general meeting published in Friday, 12 March
the South African press
Amendment of Gold One`s listing status on the Monday, 15 March
JSE
Note:
The above dates and times are subject to amendment. Any such amendment will be
released on SENS and to the ASX and published in the South African press.
Johannesburg
5 February 2010
Corporate Adviser and Sponsor
Macquarie First South Advisers (Pty) Limited
Australian Legal Counsel
Blake Dawson
South African Attorneys
Deneys Reitz
Date: 05/02/2010 07:05:05 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
