Central Rand Gold Limited Statement re EGM and potential open offer (8995U)
October 30 2017 - 3:00AM
UK Regulatory
TIDMCRND
RNS Number : 8995U
Central Rand Gold Limited
30 October 2017
Central Rand Gold Limited
(Incorporated as a company with limited liability under the laws
of Guernsey,
Company Number 45108)
(Incorporated as an external company with limited liability
under the laws of South Africa,
Registration number 2007/019223/10)
ISIN: GG00B92NXM24
LSE share code: CRND
JSE share code: CRD
("Central Rand Gold" or the "Company")
Statement re EGM and potential Open Offer
Further to the announcement of 13 October 2017, the Company will
today hold an Extraordinary General Meeting at the offices of IAG
offices, Regency Court, Glategny Esplanade, St Peter Port,
Guernsey, GY1 3RH at 11.00 a.m. (UK time).
Shareholders are hereby advised that, as the Company's board is
now entirely UK based, the expense of holding the Company's General
Meetings in Johannesburg is felt to be prohibitive (particularly
given the Company's present cash position). Therefore, future
General Meetings are likely to be held in Guernsey in accordance
with the Company's articles, which prohibit them being held in the
UK.
In view of the dilutive nature of the conditional placing
announced on the 19 October 2017, the Directors' confirm their
previously stated intention that shareholders will be given the
opportunity to participate alongside new investors in an Open Offer
(with an excess application facility) at the same price as the
placing on terms to be announced in due course.
For further information, please contact:
Central Rand Gold +27 (0) 87 310 4400
Simon Charles
Beaumont Cornish Limited - Financial & Nominated Adviser +44 (0) 20 7628 3396
Roland Cornish
Peterhouse Corporate Finance Limited - Broker +44 (0) 20 7469
0930
Lucy Williams / Fungai Ndoro
Merchantec Capital +27 (0) 11 325 6363
Marcel Goncalves / Monique Martinez
Johannesburg
30 October 2017
JSE Sponsor
Merchantec Capital
This information is provided by RNS
The company news service from the London Stock Exchange
END
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