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Wits Gold finalisation & cautionary withdrawal
Wits Gold shareholders are referred to the Results of Scheme Meeting Announcement on SENS and filed on SEDAR dated 13 March 2014, together with the circular issued to Wits Gold Shareholders on 12 February 2014, regarding the Scheme and Scheme Meeting (the "Circular"). Words and expressions, including capitalised terms, in this announcement shall have the same meaning as assigned to them in the Circular, unless indicated otherwise.
Outstanding scheme conditions precedent and withdrawal of cautionary
Wits Gold Shareholders are advised that all conditions precedent to the Scheme, as detailed in the Circular, have been fulfilled or waived and consequently the Scheme is now unconditional. Upon implementation of the Scheme, an application will be made to the relevant authorities for the delisting of all of Wits Gold's shares from the JSE Ltd. and the Toronto Stock Exchange, the termination of the Wits Gold American Depository Receipt programme, and for Wits Gold to cease being a reporting issuer in Canada, and Sibanye Gold will assume the rights and obligations of Wits Gold. Consequently, shareholders are referred to the cautionary announcement relating to the offer by Wits Gold to acquire Southgold Exploration (Pty) Ltd. ("Southgold Acquisition") dated 17 February 2014, and are advised that caution is no longer required to be exercised by Wits Gold shareholders when dealing in Wits Gold securities as Sibanye Gold will now assume Wits Gold’s rights and obligations in respect of the Southgold Acquisition.
Salient dates
- Fulfilment Date: Monday 31 March
- Last day to trade in Wits Gold Shares in order to be recorded in the JSE Branch Register on the Scheme Record Date (Scheme Last Day to Trade): Friday 4 April
- Date of suspension of listing of Wits Gold Shares on the JSE: Monday 7 April
- Conversion Reference Date: Monday 7 April
- Scheme Record Date on which Wits Gold JSE Shareholders must be recorded in the Register to receive the Scheme Consideration: Friday 11 April
- Operative Date of the Scheme: Monday 14 April
- Termination of listing of Wits Gold Shares at commencement of trade on the JSE and TSX: Tuesday 15 April.
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