DRDGOLD Limited - Placement of Shares by a Major S
DRD
DRDD
DRDGOLD Limited - Placement of Shares by a Major Subsidiary
DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
ARB number 086 277 616
JSE trading symbol: DRD
ISIN Code: ZAE000058723
Issuer code: DUSM
Nasdaq trading symbol: DROOY
ASX trading symbol: DRD
("DRDGOLD" or "the Company")
PLACEMENT OF SHARES BY A MAJOR SUBSIDIARY
Emperor Mines Limited ("Emperor"), a company registered in Australia and listed
on the Australian Stock Exchange ("the ASX") in which DRDGOLD holds an effective
88.3% interest through its wholly owned subsidiary DRD (Offshore) Limited ("DRD
Offshore"), a company registered in the Isle of Man, has entered into various
agreements in terms of which it will raise A$ 40 million, before costs, via the
placement of 100 million shares at 40 Australian cents per share ("the
placement").
The placement has been structured as follows:
Tranche 1 comprises 97.6 million shares placed with international and domestic
institutional investors and effective on 02 June 2006; and
Tranche 2 comprises 2.4 million shares to be placed with directors of Emperor,
subject to shareholder approval, which approval will be sought in a meeting of
Emperor shareholders to be convened in early July 2006.
The board of Emperor has elected to undertake the placement within Emperor"s 15%
limit in accordance with the ASX Listings Rules. All of the shares to be issued
under the placement will rank pari passu with existing ordinary shares.
The placement of the 100 million shares, subject to necessary shareholder
approvals in respect of Tranche 2, will have the effect of diluting DRD
Offshore"s holding in Emperor from 88.3% to 79.7%.
Johannesburg
1 June 2006
Sponsor
Standard Bank
Date: 01/06/2006 04:46:02 PM Produced by the JSE SENS Department
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