| Mon 19 Jun 2006, 16:47 | | DRDGOLD Announces Exchange Offer for 6% Senior Con |
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DRD
DRDD
DRDGOLD Announces Exchange Offer for 6% Senior Convertible Notes due 2006
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")
DRDGOLD Limited ("DRDGOLD") Announces Exchange Offer for 6% Senior Convertible
Notes due 2006
DRDGOLD announced today that on June 16, 2006 it has commenced an exchange offer
under which DRDGOLD is offering to exchange up to $66,000,000 in aggregate
principal amount of new 6% Senior Convertible Notes due 2010 (the "New Notes")
for an equal aggregate principal amount of its currently outstanding 6% Senior
Convertible Notes due 2006 (the "Old Notes") (the "Exchange Offer"). The
exchange offer is being made pursuant to Section 3(a)(9) of the Securities Act
of 1933. The New Notes will have substantially similar terms to the Old Notes,
except for (1) the maturity date, (2) the conversion rate; and (3) the date
after which DRDGOLD may redeem the New Notes.
The exchange offer will expire at 5:00 p.m. New York City time on July 17, 2006,
unless extended or earlier terminated by DRDGOLD. DRDGOLD urges investors and
securities" holders to read its exchange offer materials, including the offering
memorandum, Schedule TO and related materials filed with the Securities and
Exchange Commission, as they contain important information about the exchange
offer. Investors and securities holders may obtain the offering memorandum and
related materials through the exchange agent for the exchange offer, at:
The Bank of New York
One Canada Square
London E14 5AL
England
Attn: Paul Pereira
Telephone: +44 20 7964 7495
By facsimile:
For Eligible Institutions only):
+44 20 7964 6339
This announcement is for informational purposes only and does not constitute an
offer to sell, or the solicitation of an offer to buy, any of DRDGOLD"s ordinary
shares, American Depository Shares, the Old Notes or the New Notes.
Statements in this announcement include forward-looking statements within the
meaning of the Securities Act and the Securities Exchange Act of 1934. Such
forward-looking statements are subject to certain risks and uncertainties, as
disclosed by DRDGOLD from time to time in its filings with the Securities and
Exchange Commission. As a result of these factors, DRDGOLD"s actual results may
differ materially from those indicated or implied by such forward-looking
statements. There can be no assurance that DRDGOLD will complete the exchange
offer on the anticipated terms or at all. DRDGOLD"s ability to complete the
exchange offer will depend, among other things, on market conditions. DRDGOLD"s
ability to complete the exchange offer and its business are subject to risks
described in its filings with the Securities and Exchange Commission. DRDGOLD
does not intend, and undertakes no obligation, to update any forward-looking
statements to reflect future events or circumstances.
DRDGOLD Limited (www.drdgold.com) is a gold mining company engaged in
underground and surface gold mining including exploration, extraction,
processing and smelting.
For further information, please contact Ilja Graulich, head of Investor
Relations, at +27 11 219 8700.
Johannesburg
19 June 2006
Sponsor
Standard Bank
Date: 19/06/2006 04:47:03 PM Produced by the JSE SENS Department
