RNG - Randgold & Exploration Company Limited - Clarification regarding ratio
RNG
RNG
RNG - Randgold & Exploration Company Limited - Clarification regarding ratio
of Gold Fields Limited shares to be distributed
Randgold & Exploration Company Limited
(Incorporated in the Republic of South Africa)
(Registration number 1992/005642/06)
Share code: RNG
ISIN: ZAE000008819
("R&E" or "the Company")
CLARIFICATION REGARDING RATIO OF GOLD FIELDS LIMITED SHARES TO BE DISTRIBUTED
1. Shareholders are referred to the circular ("the Circular") issued by the
Company on 8 November 2010, as well as to the Company`s SENS
announcement dated 12 October 2010 and its subsequent announcements
relating to:
1.1 a distribution in specie of the R&E shareholding in Gold Fields
Limited ("Gold Fields"), comprising 2 270 687 ordinary shares in
Gold Fields, as a specific payment to R&E shareholders in terms of
section 90 of the Companies Act 61 of 1973, as amended; and
1.2 a special dividend of 90 cents per share to R&E shareholders.
2. With reference to the aforesaid distribution in specie, as detailed in
the Circular and the abovementioned announcements, the Company confirms
for purposes of clarification that R&E Shareholders will receive 3.16193
Gold Fields shares for every 100 ordinary shares held in R&E on the
record date.
3. Shareholders are referred to the finalisation announcement on 10
December 2010 and to the salient dates and times section of the Circular
and are reminded that trade in the ordinary shares of the Company
commenced trading ex distribution in specie and ex special dividend
today, 10 January 2011.
4. US shareholders are referred to the Company`s website
(www.randgoldexp.co.za), specifically the announcement published on 8
July 2010, for information regarding the US market.
Johannesburg
10 January 2011
Sponsor
PSG Capital (Pty) Limited
Date: 10/01/2011 11:38:01 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.
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.
