Introduction
This Amendment No. 7 to Schedule 13D (Amendment No. 7) is being filed to report a greater than 1% decrease in the percentage of shares beneficially owned by the reporting persons. Except as set forth herein, there are no changes to the original Schedule 13D filed on January 9, 2015 by Gold One South Africa (Pty) Ltd. (Gold One South Africa), as amended by Amendment No. 1, Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5 and Amendment No. 6 (collectively, the Original Schedule 13D). The Original Schedule 13D, as amended by this Amendment No. 7 is hereinafter referred to as the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
Item 3 of the Schedule 13D is hereby amended and supplemented by the addition of the following:
Since the amendment No.6 was filled and announced, as of August 21, 2020 Gold One South Africa SPV sold additional 33,927,088 ordinary shares of the Issuer at an average price per share of ZAR 51,63 in the open market, and a total of 1,27% of ordinary shares of the issuer was disposed of.
Item 4. Purpose of Transaction.
Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following:
Since the amendment No.6 was filled and announced, as of August 21, 2020 Gold One South Africa SPV sold additional 33,927,088 ordinary shares of the Issuer at an average price per share of ZAR 51,63 in the open market, and a total of 1,27% of ordinary shares of the issuer was disposed of.
Item 5. Interest in Securities of the Issuer.
(a) As of the date of this Schedule 13D, Gold One South Africa SPV(Pty) Ltd. (Gold One South Africa SPV), Gold One South Africa (Pty) Ltd. (Gold One South Africa), Gold One North Ltd. (Gold One North) and Gold One Group Ltd. (Gold One Group) beneficially own an aggregate of 240,229,064 ordinary shares, or 8.98% of the Issuers issued and outstanding ordinary shares. Baiyin International Investment Ltd. (Baiyin International Investment) beneficially owns an aggregate of 6,898,388 ordinary shares issuable upon the conversion of 1,724,597 ADSs, or 0.26% of the Issuers issued and outstanding ordinary shares. Baiyin Precious Metals Investment Ltd. (BPM) and Baiyin Nonferrous Group Co., Ltd. (Baiyin Nonferrous) beneficially own an aggregate of 247,127,452 ordinary shares, or 9.24% of the Issuers issued and outstanding ordinary shares, which includes (i) the 240,229,064 ordinary shares held directly by Gold One South Africa SPV; and (ii) the 6,898,388 ordinary shares issuable upon the conversion of 1,724,597 ADSs held by Baiyin International Investment.
Percentage calculated based on a total of 2,675,009,860 ordinary shares issued and outstanding as of March 31, 2020 as disclosed in the Issuers Operating and Financial Results for the first quarter ended March 31, 2020.
(b) As of the date of this Schedule 13D, Gold One South Africa SPV, Gold One South Africa, Gold One North, Gold One Group and BPM are deemed to share voting and dispositive power with respect to the 240,229,064 ordinary shares held directly by Gold One South Africa SPV. Baiyin International Investment Ltd. (Baiyin International Investment) beneficially owns an aggregate of 6,898,388ordinary shares issuable upon the conversion of 1,724,597 ADSs, or 0.26% of the Issuers issued and outstanding ordinary shares. Baiyin Precious Metals Investment Ltd. (BPM) and Baiyin Nonferrous is deemed to share voting and dispositive power with respect to 247,127,452 ordinary shares, or 9.24%, which includes (i) the 240,229,064 ordinary shares held directly by Gold One South Africa SPV; and (ii) the 6,898,388 ordinary shares issuable upon the conversion of 1,724,597 ADSs held by Baiyin International Investment.
(c) Except as described in Items 3 and 4 of this Schedule 13D, which descriptions are incorporated herein by reference, to the knowledge of the Reporting Persons, none of the persons named in response to Item 5(a) has effected any transactions in the ordinary shares of the Issuer during the past 60 days.
(d) Except as disclosed in Item 2, no person is known to the Reporting Persons to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any securities covered by this Schedule.
(e) Not Applicable.
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