DRD: DRDGOLD LIMITED - Exercise of options and sale of shares
May 24, 2016 at 10:46 am EDT
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24 May 2016
DRD: DRDGOLD LIMITED - Exercise of options and sale of shares
DRD: DRDGOLD LIMITED - Exercise of options and sale of shares
Exercise of options and sale of shares
DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
ISIN: ZAE000058723
JSE share code: DRD
NYSE trading symbol: DRD
('DRDGOLD')
EXERCISE OF OPTIONS AND SALE OF SHARES
In compliance with paragraph 3.63 of the JSE Limited Listings
Requirements ('Listings Requirements'), the following
information regarding transactions by directors of a major
subsidiary of DRDGOLD is disclosed:
Name of director: Mr W J Schoeman
Name of company: Ergo Mining Operations
Proprietary Limited
Date of transaction: 19 May 2016
Nature of transaction: Exercise of options in
terms of the DRDGOLD (1996)
Share Option Scheme and
subsequent sale of shares
Class of securities: Options in respect of
DRDGOLD ordinary shares
Number of options exercised and 99 175 at R5.12 per share
strike price:
Total value of transaction: R507 776.00
Number of shares sold and 99175 at R8.2515
selling price:
Total value of sale: R818 342.51
Name of director: Mr H N Gouws
Name of company: Ergo Mining Proprietary
Limited
Date of transaction: 20 May 2016
Nature of transaction: Exercise of options in
terms of the DRDGOLD (1996)
Share Option Scheme and
subsequent sale of shares
Class of securities: Options in respect of
DRDGOLD ordinary shares
Number of options exercised and 56 650 at R5.12 per share
strike price:
Total value of transaction: R290 048.00
Number of shares sold and 56 650 at R8.4588
selling price:
Total value of sale: R479 191.02
Name of director: Mr M Burrell
Name of company: Ergo Mining Proprietary
Limited
Date of transaction: 20 May 2016
Nature of transaction: Exercise of options in
terms of the DRDGOLD (1996)
Share Option Scheme and
subsequent sale of shares
Class of securities: Options in respect of
DRDGOLD ordinary shares
Number of options exercised and 26 325 at R5.12 per share
strike price:
Total value of transaction: R134 784.00
Number of shares sold and 26 325 at R8.4574
selling price:
Total value of sale: R222 641.06
The nature of the directors´ interest is direct beneficial.
The exercise of options was completed off-market and the sale
of shares was concluded on-market.
In compliance with paragraph 3.66 of the Listings
Requirements, prior clearance to deal in the above securities
was obtained from the Chief Financial Officer of DRDGOLD. The
above trade was completed outside of a closed period.
Johannesburg
24 May 2016
Sponsor
One Capital
Date: 24/05/2016 04:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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DRDGOLD Limited published this content on 24 May 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 May 2016 14:45:04 UTC.
Original documenthttp://www.drdgold.com/investors-and-media/sens-news-view/2016/fc720173-3fd9-498a-b876-68222e4679f8
Public permalinkhttp://www.publicnow.com/view/D7F037C20D93B70779B05BAB2FA1C79100EA998D
DRDGOLD Limited is a South Africa-based holding company. The Company is primarily involved in the retreatment of surface gold tailings. The Companyâs business includes Ergo, Far West Gold Recoveries (FWGR), Hot Button Features and Resources and Reserves. Ergo business is a surface gold retreatment operation, which treats old slime dams and sand dumps to the south of Johannesburgâs central business district, as well as the East and Central Rand goldfields. The operation comprises three plants. The Ergo and Knights plants operate as metallurgical plants. The Ergo plant treats around 1.7 Mtpm of material. The City Deep plant operates as a pump/milling station feeding the metallurgical plants. The Companyâs FWGR is a surface gold retreatment operation that treats old slime dams in the West Rand goldfields and is located near Carletonville in South Africaâs Gauteng province. Mineral Resources consist of sand dumps, slimes dams and silted areas and dams.