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DRD
DRDD
DRDGold To Delist From Australian And Port Moresby Stock Exchanges
DRDGold Limited
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
Share code: DRD
ISIN: ZAE000058723
ARBN number: 086 277 616
NASDAQ trading symbol: DROOY
("DRDGOLD" or "the company")
DRDGOLD TO DELIST FROM AUSTRALIAN AND PORT MORESBY STOCK EXCHANGES
DRDGOLD Limited has today released details of its proposed delisting from
the official list of Australian Stock Exchange Limited ("the ASX") with
effect from 21 July 2006.
The decision to delist from the ASX follows the successful consolidation of
DRDGOLD"s Australasian assets into the ASX-listed Emperor Mines Limited
("Emperor") ("the Emperor transaction") which, following the transaction,
has transformed Emperor into one of the largest gold producing companies
listed on the ASX. DRDGOLD now holds 88.3% of the shares in Emperor.
DRDGOLD has also proposed to be delisted from the Port Moresby Stock
Exchange, on which the Company"s shares have been quoted since 2004.
Following the delisting, DRDGOLD shares will remain tradeable on the JSE
Limited, the London Stock Exchange and Nasdaq in the United States, as well
as the Euronext Brussels, the Euronext Paris, the Berlin and Stuttgart "over
the counter" markets and the regulated unofficial market of the Frankfurt
Stock Exchange.
DRDGOLD Chief Executive Officer Mark Wellesley-Wood said the decision to
delist from the ASX was logical now that the Company had finalised the
Emperor transaction and no longer had a direct operational presence in the
region.
Additionally, the low level of trading in DRDGOLD shares on the ASX compared
to the other major exchanges on which the Company is listed provided another
compelling reason for delisting. Less than one percent of DRDGOLD"s shares
have traded annually on the ASX since the stock commenced being quoted in
1999.
"Following completion of the divestment of our Australasian gold assets to
Emperor, our remaining interest in the region is our strategic stake in
Emperor," he said.
"DRDGOLD has made a conscious decision to refocus on its African operations
and this decision to delist from the ASX and Port Moresby Stock Exchange is
appropriate now that we no longer directly hold any assets in the region."
In a letter to shareholders, Mr Wellesley-Wood has advised that as a result
of the Emperor transaction, DRDGOLD shareholders now have the option of
retaining their investment in DRDGOLD"s former Australasian assets:
- directly by investing in Emperor shares; or
- indirectly through their DRDGOLD shareholding, as DRDGOLD continues to
have an indirect exposure to these Australasian assets through its 88.3%
shareholding in Emperor.
To facilitate these arrangements, DRDGOLD has sent shareholders on the
Australian register of shareholders, an Information Pack providing details
of the delisting process, including an overview of:
- a share sale facility that will be established to enable DRDGOLD"s
Australian-registered shareholders to sell their DRDGOLD shares during the
three-month period commencing on the date that DRDGOLD"s removal from the
official list of the ASX takes effect ("the share sale facility"); and
- the arrangements that DRDGOLD has put in place to assist its Australian-
registered shareholders to change the register on which their shareholding
is reflected by transferring those shares to DRDGOLD"s South African
register. DRDGOLD will pay the transfer costs under this facility on behalf
of affected shareholders.
DRDGOLD is presently finalising arrangements with an approved stock broker
to manage the share sale facility and will provide full details of that
facility once those arrangements are finalised.
DRDGOLD has established a special Shareholder information line to assist any
shareholders in Australia or Papua New Guinea who have queries regarding the
delisting from the ASX and Port Moresby Stock Exchange.
Shareholders can contact the DRDGOLD shareholder information line on 1800
660 962 (within Australia) or +61 8 9386 2651 (from Papua New Guinea) for
further details.
For further information, please contact:
Ilja Graulich
Investor Relations and Media
DRDGOLD Limited
+27 11 219 8717 (office)
+27 83 604 0820 (mobile)
Paul Downie
Porter Novelli
+61 (0) 8 9386 1233 (direct)
+61 (0) 414 947 129 (mobile)
For more information on DRDGOLD Limited, please see www.drdgold.com
Date: 21/04/2006 03:52:12 PM Produced by the JSE SENS Department
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