HAR - Harmony Gold Mining Company Ltd - Settlement of US class action
HAR
HAPS
HAR - Harmony Gold Mining Company Ltd - Settlement of US class action
against Harmony, subject to final court approval
Harmony Gold Mining Company Ltd
Incorporated in the Republic of South Africa
Registration number: 1950/038232/06
JSE Share code: HAR
NYSE Share code: HMY
NASDAQ Share code: HMY
ISIN: ZAE000015228
PRESS RELEASE
SETTLEMENT OF US CLASS ACTION AGAINST HARMONY, SUBJECT TO FINAL COURT
APPROVAL
Johannesburg, 8 August 2011: Harmony Gold Mining Company Limited
(Harmony) is pleased to announce that it has reached a mutually
acceptable settlement with the lead plaintiff in the class action filed
against it in the United States (US) District Court for the Southern
District of New York in May 2008. The settlement requires final approval
from the court on or after a hearing scheduled for the 10th of November
2011 and no assurance can be given that the settlement will ultimately be
approved.
Harmony did not admit to any liability in connection with the proposed
settlement and, if finally approved, the settlement will result in the
dismissal of all claims against Harmony.
The class action was instituted against Harmony on the basis of alleged
losses suffered by investors in certain securities traded in US
securities markets during the alleged class period (25 April 2007 to and
through 7 August 2007).
Graham Briggs, chief executive officer, commented that: "A mediated
settlement process was followed to avoid protracted and expensive
litigation. Management will continue to focus on what is important -
producing safe, profitable ounces and report its results in a transparent
and responsible manner."
For more details contact:
Marian van der Walt
Executive: Corporate and Investor Relations
+27 82 888 1242(mobile)
Corporate Office:
Randfontein Office Park
P O Box 2
Randfontein
South Africa 1760
T +27 (0)11 411 2000
www.harmony.co.za
Sponsor:
J.P. Morgan Equities Limited
Date: 08/08/2011 12:00:01 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.
