SENS Announcement – Trading Statement

In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they become reasonably certain that the financial results for the period to be reported on next will differ by more than 20% from those of the previous corresponding period.

Shareholders are hereby advised that a reasonable degree of certainty exists that the Company expects to report a loss and headline loss per share of between 13.88 cents per share and 15.06 cents per share for the six months ended 30 June 2019 compared to a loss and headline loss per share of 11.85 cents for the six months ended 30 June 2018, being an increase in the loss per share of between 17.11% and 27.11% per share.

The reason for the increase in the loss and headline loss per share in the current reporting period is mainly a result of an increase in legal and consulting fees.

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 six months ended 30 June 2019 on or about 23 August 2019.

08 August 2019
Johannesburg
Sponsor
PSG Capital

Sens Announcement – Disclosure of acquisition of Securities

In accordance with section 122(3)(b) of the Companies Act, No. 71 of 2008, as amended (“the Companies Act”), and paragraph 3.83(b) of the JSE Limited Listings Requirements, shareholders are hereby advised that the Company has received formal notification in the prescribed form of the following transaction:

Charisma Holdings Proprietary Limited (“Charisma”) and Zerbans Cake & Coffee Shop CC (“Zerbans”), which two entities are inter-related entities as defined in the Companies Act, in aggregate acquired a beneficial interest in the securities of the Company such that the total interest in the securities of the Company held by Charisma and Zerbans in aggregate now amounts to 34.92% of the total issued ordinary share capital of the Company.

Johannesburg
24 June 2019
Sponsor
PSG Capital

SENS Announcement – Results of Annual General Meeting

Shareholders are hereby advised that at the annual general meeting of the Company held at 11:00 today, Friday, 17 May 2019, at The Westin Cape Town, Convention Square, Lower Long Street, Cape Town (“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 P Burton as director
99.92% 0.08% 43 780 232 58.70% 0.03%
Ordinary resolution number 2:
To confirm V Botha as a non-executive director
99.92% 0.08% 43 780 232 58.70% 0.03%
Ordinary resolution number 3:
To re-appoint DC Kovarsky as member of the audit and risk committee
98.47% 1.53% 43 780 232 58.70% 0.03%
Ordinary resolution number 4:
To re-appoint JH Scholes as member of the audit and risk committee
99.99% 0.01% 43 780 232 58.70% 0.03%
Ordinary resolution number 5:
To re-appoint P Burton as member of the audit and risk committee
99.99% 0.01% 43 780 232 58.70% 0.03%
Ordinary resolution number 6:
To re-appoint KPMG Inc. as the auditor of the Company
99.98% 0.02% 43 780 232 58.70% 0.03%
Ordinary resolution number 7:
Non-binding endorsement of the Company’s remuneration policy
98.40% 1.60% 43 777 529 58.69% 0.03%
Ordinary resolution number 8:
Non-binding endorsement of the Company’s implementation report on the remuneration policy
98.40% 1.60% 43 777 529 58.69% 0.03%
Special resolution number 1:
Approval of remuneration of non-executive directors
99.92% 0.08% 43 777 529 58.69% 0.03%
Special resolution number 2:
Approval of right to provide financial assistance as contemplated in section 45 of the Companies Act
99.92% 0.08% 43 780 232 58.70% 0.03%

Note: Total number of shares in issue as at the date of the AGM was 74 585 065.

Johannesburg
17 May 2019
Sponsor
PSG Capital

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 submitted a sworn affidavit to the B-BBEE commission stating that the Company qualifies as a B-BBEE small enterprise in terms of section 13G(2) of the Act. The affidavit is available on the Company’s website at www.randgoldexp.co.za.

Johannesburg
25 March 2019
Sponsor
PSG Capital

SENS announcement – Resignation and Appointment of Company Secretary

In accordance with paragraph 3.59 of the JSE Limited Listings Requirements, the board of directors of the Company wishes to advise that Statucor Proprietary Limited has been appointed as company secretary of the Company with immediate effect, replacing Mr Van Zyl Botha.

Johannesburg
19 March 2019
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 hereby advised that a reasonable degree of certainty exists that the Company expects to report:

  • earnings per share of between 3.8 cents per share and 5.8 cents per share, being an increase in the earnings per share of between 139% and 159% for the year ended 31 December 2018, compared to a loss per share of 9.80 cents reported for the year ended 31 December 2017; and
  • headline earnings per share of between 2.6 cents per share and 7.1 cents per share, being an increase in the headline earnings per share of between 111% and 131% for the year ended 31 December 2018, compared to a headline loss per share of 22.54 cents reported for the year ended 31 December 2017.

The reason for the increase in earnings per share and headline earnings per share in the current reporting period is mainly as a result of a settlement payment received from Charles Orbach and Company, a former auditor of R&E. The net asset value increased with 6 cents per share from R2.13 at 31 December 2017 to R2.19 at 31 December 2018.

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 2018 on or about 25 March 2019.

Johannesburg
15 March 2019
Sponsor
PSG Capital