| Exhibit (a)(5)(i) |
DRDGOLD Limited Announces Exchange Offer for 6% Senior Convertible Notes due 2006
Johannesburg, South Africa, June 16, 2006—DRDGOLD Limited (“DRDGOLD”) (JSE: DRD; NASDAQ; DROOY) announced today that it has commenced an exchange offer under which DRDGOLD is offering to exchange up to $66,000,000 in aggregate principal amount of new 6% Senior Convertible Notes due 2010 (the “New Notes”) for an equal aggregate principal amount of its currently outstanding 6% Senior Convertible Notes due 2006 (the “Old Notes”). The exchange offer is being made pursuant to Section 3(a)(9) of the Securities Act of 1933. The New Notes will have substantially similar terms to the Old Notes, except for (1) the maturity date, (2) the conversion rate; and (3) the date after which DRDGOLD may redeem the New Notes.
The exchange offer will expire at 5:00 p.m. New York City time on July 17, 2006, unless extended or earlier terminated by DRDGOLD. DRDGOLD urges investors and security holders to read its exchange offer materials, including the offering memorandum, Schedule TO and related materials filed with the Securities and Exchange Commission, because they contain important information about the exchange offer. Investors and security holders may obtain the offering memorandum and related materials through the exchange agent for the exchange offer, at:
The Bank of New York
One Canada Square
London E14 5AL
England
Attn: Paul Pereira
Telephone: +44 20 7964 7495
By facsimile:
(For Eligible Institutions only):
+44 20 7964 6339
This announcement is for informational purposes only and does not constitute an offer to sell, or the solicitation of an offer to buy, any of DRDGOLD’s ordinary shares, American Depository Shares, the Old Notes or the New Notes.
Statements in this announcement include forward-looking statements within the meaning of the Securities Act and the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks and uncertainties, as disclosed by DRDGOLD from time to time in its filings with the Securities and Exchange Commission. As a result of these factors, DRDGOLD’s actual results may differ materially from those indicated or implied by such forward-looking statements. There can be no assurance that DRDGOLD will complete the exchange offer on the anticipated terms or at all. DRDGOLD’s ability to complete the exchange offer will depend, among other things, on market conditions. DRDGOLD’s ability to complete the exchange offer and its business are subject to risks described in its filings with the Securities and Exchange Commission. DRDGOLD does not intend, and undertakes no obligation, to update any forward-looking statements to reflect future events or circumstances.
DRDGOLD Limited (www.drdgold.com) is a gold mining company engaged in underground and surface gold mining including exploration, extraction, processing and smelting. For further information, please contact Ilja Graulich, head of Investor Relations, at +27 11 219 8700.