Information  X 
Enter a valid email address

Randfontein Estates (RNDE)

  Print      Mail a friend

Tuesday 31 August, 1999

Randfontein Estates

Fthr.Jnt.CautionaryAnnouncemt

RANDFONTEIN ESTATES LIMITED
RANDGOLD RESOURCES LIMITED
BARNATO EXPLORATION LIMITED
FREE STATE DEVELOPMENT AND INVESTMENT CORPORATION LIMITED
31 August 1999


CONSOLIDATED AFRICAN MINES LIMITED
(Incorporated in South Africa)
(Registration number 01/00854/06)
('CAM')

RANDGOLD & EXPLORATION COMPANY LIMITED
(Incorporated in South Africa)
(Registration number 92/05642/06)
Nasdaq Trading Symbol : RANGY
('Randgold')

JCI GOLD LIMITED
(Incorporated in South Africa)
(Registration number 98/05215/06)
('JCI Gold')

RANDGOLD RESOURCES LIMITED
(Incorporated in Jersey)
(Registration number 62686)
('RRL')

WESTERN AREAS LIMITED
(Incorporated in South Africa)
(Registration number 59/03209/06)
('WAL')

BARNATO EXPLORATION LIMITED
(Incorporated in South Africa)
(Registration number 88/03756/06)
('Barnex')

RANDFONTEIN ESTATES LIMITED
(Incorporated in South Africa)
(Registration number 01/00251/06)
('REL')

FREE STATE DEVELOPMENT AND INVESTMENT CORPORATION LIMITED
(Incorporated in South Africa)
(Registration number 05/16931/06)
('Freddev')

(Collectively 'the Companies' or 'the Group')

FURTHER JOINT CAUTIONARY ANNOUNCEMENT

In terms of the joint cautionary announcement dated 19 July 1999, shareholders
in the Companies were advised that detailed terms concerning the proposed
restructuring would be announced before the end of August 1999. 

The approvals required for the proposed restructuring of the Group are still
being sought.  The detailed terms referred to above will be announced once
such approvals have been obtained.

Consequently, shareholders in the Companies are advised to continue to
exercise caution in dealing in shares in the Companies.

Johannesburg
31 August 1999


Joint financial advisors

CHASE

Standard Bank Resource Banking
Reg. No. 62/00738/06

Joint sponsoring brokers to CAM, JCI Gold, WAL, REL, Barnex and Freddev

BOE Securities
BOE Securities (Pty) Ltd
Member of the Johannesburg Stock Exchange
Co. Reg. No. 96/15589/07

Merrill Lynch Smith Borkum Hare
Merrill Lynch South Africa (Pty) Ltd
Member of the Johannesburg Stock Exchange
Registration number 95/01805/07

SG Frankel Pollak Securities (Pty) Ltd
Reg. No. 96/05886/07
(Member of the Johannesburg Stock Exchange)

Sponsoring broker to RRL

HSBC Investment Bank plc

Sponsoring broker to Randgold

HSBC Simpson McKie (Pty) Limited
Member of the Johannesburg Stock Exchange
Reg. No. 84/01736/07