DRDGold Limited - CEO Wellesley-Wood announces pla
DRD
DRDD
DRDGold Limited - CEO Wellesley-Wood announces plans to retire from DRDGold
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")
CEO WELLESLEY-WOOD ANNOUNCES PLANS TO RETIRE FROM DRDGOLD
Chief Executive Officer Mark Wellesley-Wood used DRDGOLD"s 10th anniversary
celebration of its listing on the NASDAQ market today, and of his 55th
birthday, to announce his intention to retire from DRDGOLD.
"I have asked the Board"s Nomination Committee to begin the search for my
successor", Wellesley-Wood said.
The effective date of Wellesley-Wood"s retirement is not yet known. A further
announcement will be made once the effective date has been determined and a
successor has been appointed.
"I came to DRDGOLD and to South Africa for six months and have stayed for
nearly six years. It is now time to move on."
He cited as personal and company milestones reached in the past year:
- the creation of the "new" 78.72% DRDGOLD-held Emperor Mines
Limited, a separately listed Australian company, with a new
management team;
- the completion of DRDGOLD"s BEE transaction with KhumoGold SPV
Limited in respect of its South African operations; and
- DRDGOLD"s redemption on 12 November of its $66 million Senior
Convertible Note.
"I am also especially pleased with progress at our South African gold
operations, which now have the opportunity to achieve sustainable growth", he
said.
Johannesburg
2 November 2006
Sponsor
Standard Bank
Date: 02/11/2006 02:00:03 PM Produced by the JSE SENS Department
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