Category Archives: Company Announcements
SENS Announcement – Summarised Group unaudited interim financial statements for the six months ended 30 June 2023
- SALIENT FEATURES
Operating loss increased by 26.14% to R16.5 million, from R13.1 million in the prior corresponding period.
Headline loss per share (“HEPS”) decreased by 11.44% to 16.61 cents per share, from 14.90 cents per share in the prior corresponding period.
Loss per share (“EPS”) decreased by 11.44% to 16.61 cents per share, from 14.90 cents per share in the prior corresponding period.
Net asset value per share (“NAVPS”) decreased by 19.40% to 105.39 cents per share, from 130.76 cents per share in the prior corresponding period. - SHORT-FORM ANNOUNCEMENT
This short-form announcement is the responsibility of the directors of the Company. It contains only a summary of the information in the full announcement (“Full Announcement”) and does not contain full or complete details. The Full Announcement can be found at:
https://senspdf.jse.co.za/documents/2023/JSE/ISSE/RNG/HY23.pdfCopies of the Full Announcement are also available for viewing on the Company’s website at https://www.randgoldexp.co.za/announcements-media/ or may be requested in person, at the Company’s registered office or the office of the sponsor, at no charge, during office hours.
Any investment decisions by investors and/or shareholders should be based on consideration of the Full Announcement, as a whole.
The results have not been reviewed or audited by the Company’s auditor.
31 August 2023
Sponsor
PSG Capital
Results of the Annual General Meeting
Shareholders are hereby advised that at the annual general meeting of the Company held entirely by electronic communication at 11:00 a.m. today, Monday, 8 May 2023 (“AGM”), all of the resolutions were passed by the requisite majorities of the Company’s shareholders.
Details of the results of the voting at the AGM are as follows:
| Resolutions proposed at the AGM | Votes for resolution as a percentage of total number of shares voted at AGM | Votes against resolution as a percentage of total number of shares voted at AGM | Number of shares voted at AGM | Number of shares voted at AGM as a percentage of shares in issue* | Number of shares abstained as a percentage of shares in issue* |
| Ordinary resolution number 1:
To re-elect PE Burton as director |
100.00% | 0.00% | 42 154 936 | 56.52% | 6.32% |
| Ordinary resolution number 2:
To re-elect JM Kesler as director |
100.00% | 0.00% | 42 154 936 | 56.52% | 6.32% |
| Ordinary resolution number 3:
To appoint RJ Fehrsen as member of the audit and risk committee |
100.00% | 0.00% | 42 154 936 | 56.52% | 6.32% |
| Ordinary resolution number 4:
To re-appoint PE Burton as member of the audit and risk committee |
100.00% | 0.00% | 42 154 936 | 56.52 % | 6.32% |
| Ordinary resolution number 5:
To re-appoint TS Dube as member of the audit and risk committee |
97.16% | 2.84% | 43 384 971 | 58.17% | 4.67% |
| Ordinary resolution number 6:
To reappoint KPMG Inc. as the auditor of the Company |
97.16% | 2.84% | 43 384 971 | 58.17% | 4.67% |
| Ordinary resolution number 7:
To pass a non- binding advisory vote on the Company’s remuneration policy |
97.13% | 2.87% | 43 384 971 | 58.17% | 4.67% |
| Ordinary resolution number 8:
To pass a non- binding advisory vote on the Company’s implementation report on the remuneration policy |
97.13% | 2.87% | 43 384 971 | 58.17% | 4.67% |
| Special resolution number 1:
Approval of remuneration of non-executive directors |
97.14% | 2.86% | 43 380 120 | 58.16% | 4.68% |
| Special resolution number 2:
Approval of right to provide financial assistance as contemplated in section 45 of the Companies Act |
99.97% | 0.03% | 43 384 971 | 58.17% | 4.67% |
Note:
*Total number of shares in issue as at the date of the AGM was 74 585 065, of which 2 999 893 were treasury shares.
Johannesburg
8 May 2023
Sponsor
PSG Capital
SENS Announcement – Summarised Group Financial Statements for the year ended 31 December 2022
-
SALIENT FEATURES
Operating loss increased by 61.76% to R22.0 million, from R13.6 million in the prior corresponding period.
Loss and headline loss per share decreased by 82.11% to a loss of 23.11 cents per share, from a loss and headline loss per share of 12.69 cents per share in the prior corresponding period.
Net asset value per share decreased by 15.86% to 122 cents per share, from 145 cents per share in the prior corresponding period. -
SHORT-FORM ANNOUNCEMENT
This short-form announcement is the responsibility of the directors of the Company. It contains only a summary of the information in the full announcement (“Full Announcement”) and does not contain full or complete details. The Full Announcement can be accessed at:
https://senspdf.jse.co.za/documents/2023/JSE/ISSE/RNG/RNGFY22.pdf
Copies of the Full Announcement are also available for viewing on the Company’s website at https://www.randgoldexp.co.za/announcements-media/ or may be requested in person, at the Company’s registered office or the office of the sponsor (PSG Capital), at no charge, during office hours.
Any investment decisions by investors and/or shareholders should be based on consideration of the Full Announcement, as a whole.
These annual results for the year ended 31 December 2022 have been audited by the Company’s auditors, KPMG Inc., who expressed an unmodified audit opinion thereon. The audit opinion also includes communication of key audit matters. The audit opinion is available, along with the annual financial statements (included within the annual report), and the summary financial results, on the Company’s website at https://www.randgoldexp.co.za/announcements-media/ or https://www.randgoldexp.co.za/announcements-media/annual-reports/ respectively.
Johannesburg
30 March 2023
Sponsor
PSG Capital
SENS Announcement – Notice of Annual General Meeting and Summarised Financial Statements
Randgold & Exploration Company Limited (“the Company”) hereby advises shareholders of the Company (“Shareholders”) that the Company’s Notice to Shareholders (“the Notice”) regarding its annual general meeting (“Annual General Meeting”), incorporating the summarised consolidated annual financial statements of the Company for the year ended 31 December 2022, was dispatched to Shareholders today, 30 March 2023.
The following documents will also be available on the Company’s website, at https://www.randgoldexp.co.za/ as from today, 30 March 2023:
- the Notice to Shareholders: Annual General Meeting; and
- the Annual Report containing the audited consolidated annual financial statements of the Company for the year ended 31 December 2022.
NOTICE OF ANNUAL GENERAL MEETING
Notice is hereby given that the annual general meeting of Shareholders (“AGM”) will be conducted entirely by electronic communication at 11:00 on Monday, 8 May 2023, to transact the business as set out in the Notice of AGM.
Kindly note the following salient details:
| Issuer name | Randgold & Exploration Company Limited |
| Type of instrument | Ordinary shares |
| ISIN number | ZAE000008819 |
| JSE code | RNG |
| Meeting type | Annual General Meeting |
| Meeting venue | Electronic communication |
| Record date – to determine which shareholders are entitled to receive the notice of meeting | Friday, 24 March 2023 |
| Publication/posting date | Thursday, 30 March 2023 |
| Last day to trade – Last day to trade to determine eligible shareholders that may attend, speak and vote at the meeting | Monday, 24 April 2023 |
| Record date – to determine eligible shareholders that may attend, speak and vote at the meeting | Friday, 28 April 2023 |
| Meeting deadline date (For administrative purposes, forms of proxy for the meeting to be lodged) | 11:00 on Thursday, 4 May 2023 |
| Meeting date | 11:00 on Monday, 8 May 2023 |
| Publication of results | Monday, 8 May 2023 |
| Website link | https://www.randgoldexp.co.za/ |
Form of Proxy 2023
Download Proxy form
SENS Announcement – Broad-Based Black Economic Empowerment Act: Affidavit
In accordance with paragraph 16.21(g) and Appendix 1 to Section 11 of the JSE Limited Listings Requirements, notice is hereby given that the Company’s annual compliance report in terms of section 13G(2) of the Act has been published and is, together with the Company’s latest broad-based black economic empowerment certificate, available on the Company’s website at https://www.randgoldexp.co.za/investor–relations/b–bbee/.
Johannesburg
30 March 2023
Sponsor
PSG Capital
SENS Announcement – Trading Statement
In terms of the JSE Limited Listings Requirements, a listed company is required to publish a trading statement as soon as it becomes reasonably certain that the financial results for the
next period to be reported on will differ by 20% or more from the financial results for the previous corresponding period.
Shareholders are referred to the trading statement released by the Company on 8 December 2022, which advised that the Company expected both loss per share (“LPS”) and headline loss per share (“HLPS”) to be between 24.55 cents and 27.08 cents for the year ended 31 December 2022 (“Previous Trading Statement”).
Shareholders are hereby advised that a reasonable degree of certainty now exists that the expected LPS and HLPS will be an improvement on those disclosed in the Previous Trading Statement, with LPS and HLPS now expected to amount to between 22.88 cents and 24.14 cents, representing an increase in both the LPS and HLPS of between 80.26% (10.19 cents) and 90.26% (11.45 cents) for the year ended 31 December 2022, compared to the LPS and HLPS of 12.69 cents reported for the year ended 31 December 2021.
The reason for the deterioration in the LPS and HLPS for the year ended 31 December 2022, when compared to the previous financial year, is mainly as a result of the considerable
increase in operating expenditure incurred by the Company over this period.
The information contained in this trading statement has not been reviewed or reported on by the Company’s external auditors. R&E expects to release its financial results for the year ended 31 December 2022 on or about 31 March 2023.
Johannesburg
22 March 2023
Sponsor
PSG Capital