GOLIATH GOLD MINING LTD GOLIATH GOLD MINING LIMITED Incorporated in the Republic of South Africa (Registration number: 1933/004523/06) Share code: GGM ISIN: ZAE000154753 ('Goliath Gold' or 'the Group') |
DEALINGS IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY |
Shareholders are referred to the announcements released on the Stock Exchange News Service ('SENS') of the JSE Limited ('JSE') on 22 September 2015, 15 October 2015, 4 November 2015 and 16 November 2015 and to the circular to Shareholders dated 15 October 2015 ('Circular') (and using the terms defined therein unless otherwise stated) regarding the firm offer by Gold One Africa to acquire all the Goliath Gold ordinary shares that Gold One Africa does not already own, by way of a Scheme in terms of section 114 of the Companies Act to be proposed by the Goliath Gold Board between Goliath Gold and Goliath Gold Shareholders.
As set out in paragraph 9.1 of the Circular, the two executive Directors of Goliath Gold who hold 3 200 000 share options (with a strike price of R1.94 each) under the Goliath Gold Share Incentive Scheme ('Share Options'), together with the company secretary (who holds 1 200 000 Share Options) and management, employees and past employees of the Group (who hold 4 935 000 Share Options), have elected to receive a settlement offer of R0.20 per Share Option for the cancellation of all their Share Options upon finalisation of the Scheme.
Shareholders are referred to the Scheme finalisation announcement released on SENS on 18 November 2015 and, in compliance with paragraphs 3.63 to 3.74 (both inclusive) of the JSE Listings Requirements, are advised of the following:
Name of director: | Mr Dale Richards |
Company: | Goliath Gold Mining Limited |
Nature of the transaction: | Off market settlement of Share Options pursuant to the Scheme |
Class of securities: | Ordinary shares |
Extent of director's interest: | Direct beneficial |
Clearance to deal obtained: | Yes |
Date of transaction: | 27 November 2015 |
Number of securities: | 2 000 000 |
Selling price per security: | R0.20 |
Total value of transaction: | R400 000.00 |
Name of director: | Mr Christopher Chadwick |
Company: | Goliath Gold Mining Limited |
Nature of the transaction: | Off market settlement of Share Options pursuant to the Scheme |
Class of securities: | Ordinary shares |
Extent of director's interest: | Direct beneficial |
Clearance to deal obtained: | Yes |
Date of transaction: | 27 November 2015 |
Number of securities: | 1 200 000 |
Selling price per security: | R0.20 |
Total value of transaction: | R240 000.00 |
Name of Company Secretary: | Mr Pierre Kruger |
Company: | Goliath Gold Mining Limited |
Nature of the transaction: | Off market settlement of Share Options pursuant to the Scheme |
Class of securities: | Ordinary shares |
Extent of Company Secretary's interest: | Direct beneficial |
Clearance to deal obtained: | Yes |
Date of transaction: | 27 November 2015 |
Number of securities: | 1 200 000 |
Selling price per security: | R0.20 |
Total value of transaction: | R240 000.00 |
Johannesburg
27 November 2015
Merchantec Capital
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