Share Name Share Symbol Market Type
Central Rand Gold Ord GBP0.01 NEX:CRND.GB NEX Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.525p 0.35p 0.70p - - - 0 05:02:02

Central Rand Gold Limited Statement re EGM and potential open offer

30/10/2017 7:00am

UK Regulatory (RNS & others)

Central Rand Gold Ord GBP0.01 (NEX:CRND.GB)
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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)


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


30 October 2017

JSE Sponsor

Merchantec Capital

This information is provided by RNS

The company news service from the London Stock Exchange



(END) Dow Jones Newswires

October 30, 2017 03:00 ET (07:00 GMT)

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