| Wed 19 Jul 2006, 15:24 | | DRDGOLD - Extension of Exchange Offer for 6% Senio |
|
DRD
DRDD
DRDGOLD - Extension of 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: ZAE 000058723
Issuer code: DUSM
Nasdaq trading symbol: DROOY
ASX trading symbol: DRD
("DRDGOLD" or "the Company")
DRDGOLD Announces Extension of Exchange Offer for 6% Senior Convertible Notes
due 2006
DRDGOLD announced today that it is extending the expiration date relating to its
offer 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") until 12:00 midnight New York City
time on August 1, 2006, unless otherwise terminated or further extended by
DRDGOLD.
The exchange agent for the Exchange Offer advised DRDGOLD that as of 12:00
midnight New York City time on July 18, 2006, the previous expiration date for
the Exchange Offer, $2,560,000 of the Old Notes had been validly tendered.
DRDGOLD has elected to extend the Exchange Offer to allow holders of Old Notes
an additional opportunity to exchange their Old Notes for New Notes.
The Exchange Offer is subject to the terms and conditions set forth in the
Offering Memorandum dated June 16, 2006, as amended and restated on June 30,
2006 (the "Offering Memorandum"), and the related letter of transmittal and
other documentation. This announcement amends and supplements the Offering
Memorandum, letter of transmittal and other documentation solely with respect to
the extension of the Expiration Date referred to herein. All other terms of the
Exchange Offer set forth in the Offering Memorandum, the letter of transmittal
and other documentation shall remain in full force and effect.
Holders of Old Notes are encouraged to carefully review the Exchange Offer
materials, including the Offering Memorandum, Schedule TO, as amended from time
to time, and related materials filed with the Securities and Exchange
Commission, which contain information material to their decision on whether or
not to tender in the Exchange Offer. These materials are available free of
charge at the Securities and Exchange Commission"s web site at www.sec.gov.
Investors and security holders may also 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
The Exchange Offer will expire at 12:00 midnight New York City time on August 1,
2006, unless extended or earlier terminated by DRDGOLD. The Exchange Offer is
being made pursuant to Section 3(a)(9) of the Securities Act of 1933 (the
"Securities Act"). No commission or other remuneration will be paid or given,
directly or indirectly, by DRDGOLD for solicitation of acceptance of the
Exchange Offer.
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 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 July 2006
Sponsor
Standard Bank
Date: 19/07/2006 03:24:03 PM Produced by the JSE SENS Department
