Exhibit 99.1
DRDGOLD LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1895/000926/06)
JSE share code: DRD
ISIN: ZAE000058723
NYSE trading symbol: DRD
(“DRDGOLD”)
RESULTS OF GENERAL MEETING AND UPDATE REGARDING THE TRANSACTION
Unless otherwise indicated, capitalised words and terms contained in this announcement shall bear the
same meanings ascribed thereto in the circular to DRDGOLD shareholders, dated Monday,
26 February 2018 (“Circular”).
1. Introduction
Shareholders are referred to the Circular, in terms of which Shareholders were advised of, inter alia
· the proposed acquisition by DRDGOLD of the WRTRP Assets, by way of the acquisition of a
100% shareholding in WRTRP, from Sibanye-Stillwater in exchange for the allotment and issue
by DRDGOLD of the Consideration Shares to Sibanye-Stillwater, such that Sibanye-Stillwater
will hold approximately 38% of all DRDGOLD Shares in issue (including Treasury Shares)
following the issue of the Consideration Shares (“Acquisition”);
· the granting of the Option to Sibanye-Stillwater to subscribe for so many Issue Shares for cash
as will result in Sibanye-Stillwater holding 50.1% of all DRDGOLD Shares in issue (including
Treasury Shares) following the issue of the Consideration Shares and the Issue Shares
(“Specific Issue”); and
· the proposed waiver of the requirement for Sibanye-Stillwater to extend a mandatory offer to
the remaining Shareholders to acquire any DRDGOLD Shares held by such persons, which
results from Sibanye-Stillwater holding in excess of 35% of the voting securities of the Company,
following the implementation of the Acquisition (“Waiver”).
Furthermore, in order to, inter alia, give effect to the Acquisition and the Specific Issue, DRDGOLD
is required to increase the authorised ordinary share capital of the Company, by way of an
amendment to the DRDGOLD memorandum of incorporation (“DRDGOLD MOI”). DRDGOLD also
proposed additional amendments to the DRDGOLD MOI, which include the alignment of the
DRDGOLD MOI with the latest regulations.
2. Results of voting at the General Meeting
Shareholders are advised that at the General Meeting held on Wednesday, 28 March 2018, all of
the Resolutions were adopted by the requisite majority of Shareholders present or represented by
proxy.
All Resolutions proposed at the General Meeting, together with the percentage of Shares
abstained, as well as the percentage of votes carried for and against each Resolution, are as
follows:
Shares Voted
Abstentions
Votes for Votes against
Ordinary resolution 1:
Approval of the
Acquisition
323 776 482
76.71%
0.13%
99.74%
0.26%