General SENS Submitter Company - GEN - General - Censure imposed by the JSE on DRDGold Limited (DRDGold)
GSSC 201905310003A
GEN - General - Censure imposed by the JSE on DRDGold Limited ("DRDGold")
GEN – General – DRDGold Limited
Censure imposed by the JSE on DRDGold Limited ("DRDGold")
The JSE Limited ("JSE") wishes to inform stakeholders of the following findings by the JSE in respect of
DRDGold:
1. The JSE has found DRDGold to be in breach of paragraph 9.15 of the JSE's Listings Requirements
which in the case of a category 2 transaction, requires an issuer to publish an announcement
containing specific details of such transaction immediately after the terms have been agreed.
2. As announced on 26 February 2019, DRDGold entered into an agreement on 17 December 2018
to dispose of certain of its mining rights, prospecting rights and all transferable permits and
licences relating thereto, as well as an option to dispose in the near future certain of DRDGold's
assets and infrastructure. DRDGold failed to publish an announcement containing details of the
transaction immediately after the terms were agreed.
3. The JSE has decided to impose this public censure against DRDGold in relation to the
aforementioned transgression of the Listings Requirements.
31 May 2019
Date: 31/05/2019 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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