RANDGOLD & EXPLORATION COMPANY LIMITED - Voluntary Announcement: Randgold And Charles Orbach Reach A Settlement And Withdrawal Of Cautionary Announcement
RNG 201811050049A
Voluntary Announcement: Randgold And Charles Orbach Reach A Settlement And Withdrawal Of Cautionary Announcement
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")
VOLUNTARY ANNOUNCEMENT: RANDGOLD AND CHARLES ORBACH REACH A
SETTLEMENT
Shareholders are hereby advised that the Company and Charles Orbach and Company ("Charles
Orbach"), a former auditor of R&E, have reached a settlement in respect of the High Court action
which the Company brought against Charles Orbach in 2008 ("the action"). R&E expects payment
of the full settlement amount of R21 750 000.00 (twenty one million seven hundred and fifty
thousand Rand) within 14 days in accordance with the settlement agreement.
The effect of the settlement is that against payment of the settlement amount, R&E and Charles
Orbach shall have no further claims against each other. R&E shall deliver a notice of withdrawal
of the action thereafter.
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the Company’s cautionary announcement released on SENS on 25
October 2018, which are hereby withdrawn, and shareholders are no longer required to exercise
caution when dealing in the Company’s securities.
5 November 2018
Johannesburg
Sponsor
PSG Capital
Date: 05/11/2018 04:00:00 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
