Key Developments: DRDGOLD Ltd (DRD)

DRD on New York Consolidated

22 May 2015
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Latest Key Developments (Source: Significant Developments)

DrdGold Ltd gives H1 2015 production and operating profit outlook
Wednesday, 21 Jan 2015 06:30am EST 

DrdGold Ltd:Expects an increase in gold production of the order of 6 pct for H1 2015 compared with H1 2014.Says operating profit for H1 2015 is likely to be around 5 pct higher, in line with the increase in gold production for the same period.  Full Article

DrdGold Ltd appoints Chief Financial Officer
Friday, 12 Dec 2014 05:00am EST 

DrdGold Ltd:Says that Riaan Davel has accepted the post of Chief Financial Officer with effect from Jan. 1, 2015.Riaan Davel will replace Anthon Meyer who was appointed acting CFO in July 2014, pending the appointment of a permanent CFO.  Full Article

DrdGold Ltd declares final dividend
Tuesday, 2 Sep 2014 02:00am EDT 

DrdGold Ltd:Declares a final dividend of 2 South African (SA) cents per ordinary share for the year ended June 30.Record date Nov. 14.Payment date Nov. 17.  Full Article

DrdGold Ltd chief financial officer resigns
Monday, 21 Jul 2014 08:42am EDT 

DrdGold Ltd:Says CFO Francois van der Westhuizen has, by agreement, relinquished his position with the company and resigned from the board with effect from July 18.Anthon Meyer, has agreed to a two-month, interim appointment as CFO of DRDGOLD and shall be appointed to the company’s board of directors.  Full Article

DrdGold Ltd proposes acquisition of remaining 26 pct in Ergo Mining Operations (Proprietary) Limited
Tuesday, 18 Mar 2014 10:16am EDT 

DrdGold Ltd:Enters into a share sale and subscription agreement with Khumo Gold SPV (Proprietary) Limited (Khumo) to acquire Khumo’s 20 pct interest in Ergo Mining Operations (Proprietary) Limited (EMO) and all its claims against EMO in exchange for 35,000,000 new DRDGOLD ordinary shares (Khumo Acquisition).Enters into an agreement with The DRDSA Empowerment Trust, to acquire its 6 pct interest in EMO and all its claims against EMO in exchange for 10 500 000 new DRDGOLD ordinary shares on substantially the same terms as the Khumo Acquisition.Consideration of 147,000,000 Rand will be discharged by the issue and allotment of the consideration shares to Khumo.  Full Article

DrdGold Ltd Announces Settlement With The National Union Of Mineworkers
Thursday, 10 Oct 2013 03:20am EDT 

DrdGold Ltd announced that it has signed a settlement with the National Union of Mineworkers (NUM) in respect of wages and conditions of employment for 2013 and 2014 (the Settlement). This brings to an end the two day strike by some 600 employees represented by the NUM at the Company's Ergo operations. In terms of the Settlement: entry-level employees in job categories 4 and 5 will receive a 10% basic wage increase in year one and 8% in year two; employees in job categories 6 and 7 will receive 9% in year one and 7.5% in year two; and employees in job categories 8 to 15 will receive 8% in year one and 7.5% in year two. Employees who have been on strike have started to return to work at the start of the night shift on 9 October 2013.  Full Article

DrdGold Ltd Says 600 Employees Strike After It Refuses Union Demands-Reuters
Tuesday, 8 Oct 2013 09:44am EDT 

Reuters reported that DRDGold Ltd said on October 08, 2013 that 600 of its employees went on strike after the Company refused to give in to their union's wage demands. DRDGold said it was offering raises of between 7.5% and 8% wage for the next two years, which would increase its wage bill by 8.1%, or ZAR19 million ($1.9 million) for each of the two years.  Full Article

DrdGold Ltd Announces Board Changes
Monday, 30 Sep 2013 10:00am EDT 

DrdGold Ltd announced the resignation of Mr .Craig Clinton Barnes (Mr Barnes) as an Executive Director and Chief Financial Officer (CFO) of the Company with effect from January 1 , 2014, following his decision to relocate to Australia.  Full Article

DrdGold Ltd Declares Final Dividend
Friday, 23 Aug 2013 02:00am EDT 

DrdGold Ltd announced that the Board has declared a final dividend of 14 South African cents per ordinary share for the year ended June 30, 2013. The record date is on October 11, 2013.  Full Article

Drdgold Ltd Announces Acquisition Of Beneficial Interest By Public Investment Corporation Soc Limited
Thursday, 25 Jul 2013 05:37am EDT 

Public Investment Corporation SOC Limited announced that it has notified the Company that it has acquired a beneficial interest in the Drdgold Ltd securities. Following the Acquisition, Public Investment Corporation now holds 5.085% of the issued ordinary share capital of the Company.  Full Article

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