| Wed 18 Oct 2006, 14:41 | | DRDGOLD - Termination of Exchange Offer for 6% Sen |
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DRD
DRDD
DRDGOLD - Termination 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: ZAE000058723
Issuer code: DUSM
Nasdaq trading symbol: DROOY
("DRDGOLD" or "the Company")
DRDGOLD ANNOUNCES TERMINATION OF EXCHANGE OFFER FOR 6% SENIOR CONVERTIBLE NOTES
DUE 2006
DRDGOLD announced on October 17, 2006 that the expiration and results of its
offer to exchange (the "Exchange Offer") 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 expired at 12:00 midnight New York City time on October 16,
2006. The Exchange Offer was subject to various conditions, including the
condition that at least 50% of the aggregate principal amount outstanding of the
Old Notes be validly tendered and not withdrawn. As of the expiration of the
Exchange Offer, $2,060,000 principal amount of the Old Notes, representing
approximately 3.1% of the outstanding principal amount of the Old Notes, had
been tendered for exchange. Accordingly, since the 50% minimum tender condition
was not satisfied, DRDGOLD will not accept any Old Notes tendered for exchange
and all Old Notes tendered pursuant to the Exchange Offer with the exchange
agent, The Bank of New York, will be promptly returned to their holders. The
exchange agent can be contacted at:
The Bank of New York
One Canada Square
London E14 5AL
England
Attn: Daniel Giles
Telephone: +44 20 7964 7394
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 may include forward-looking statements within
the meaning of the Securities Act and the Exchange Act. 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.
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
18 October 2006
Sponsor
Standard Bank
Date: 18/10/2006 02:41:14 PM Produced by the JSE SENS Department
