Company announcements Home » Investors » News » Company announcements » Acquisition of an equity stake in Village Main Reef Gold Mining Company 2006 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 Acquisition of an equity stake in Village Main Reef Gold Mining CompanyJune 21, 2006Harmony Gold Mining Company Limited (NASDAQ, NYSE: HMY; JSE: HAR) today announced that it has acquired 37.8% of the issued share capital of Village Main Reef Gold Mining Company Limited (“Village”) for an amount of R458,775. The equity stake was purchased from African Rainbow Minerals Limited at a price of 20 cents per share. Due to the fact that the acquisition surpasses the 35% mark, Harmony is obliged under the Securities Regulation Code on Takeovers and Mergers to extend an offer to the remaining shareholders of Village to acquire all of their shares at the same price at which it acquired the 37.8% stake. Should all remaining shareholders accept the offer, it would mean an additional cash outflow of approximately R754,915. More details regarding the mandatory offer will be published as soon as possible. Village is listed on the JSE Limited in the gold sector and has been dormant for some time without any operating mines. Village has a total of 6 068 446 shares in issue, with a current market capitalization of approximately R3.3 million. The acquisition forms part of Harmony’s strategic positioning. For more details contact: Bernard Swanepoel Chief Executive+27(0)83 303 9922 Philip KotzeExecutive, Investor Relations+27(0)83 453 0544
