Company announcements Home » Investors » News » Company announcements » Harmony takes steps to address Continued Listing Standard Notice received from NYSE 2015 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 Harmony takes steps to address Continued Listing Standard Notice received from NYSESeptember 11, 2015Johannesburg: Friday, 11 September 2015. Harmony Gold Mining Company Limited (“Harmony” or “the Company”) advises that the Company (ticker on NYSE: HMY) was notified by the New York Stock Exchange (“NYSE”) on the 8th of September 2015 that the trading price of the Harmony American Depositary Receipt (“ADR” or “Harmony ADR”) has fallen below the NYSE’s continued listing standard. The NYSE requires that a Harmony ADR’s minimum average closing price should not be less than US$1.00 per ADR over a period of 30 consecutive trading days. The NYSE notification does not affect the Company’s Securities and Exchange Commission reporting requirements and has no impact on the Harmony’s business operations. Under the NYSE’s rules, the Company has a period of six months from the date of receipt of the NYSE notice to regain compliance with the minimum share price requirement. During this period, the Harmony ADR will continue to be traded on the NYSE, subject to the Company’s compliance with other NYSE listing requirements. Harmony intends to consider available alternatives – such as changing the ratio between the ADRs and the underlying ordinary shares (also referred to as a ‘reverse stock split’) – to cure the share price deficiency and return to compliance with the NYSE’s continued listing standard. Any action taken to ensure compliance is not expected to affect Harmony’s market capitalization. For more details contact: Henrika NinhamInvestor Relations Manager+27 (0) 82 759 1775 (mobile) Marian van der WaltExecutive: Corporate and Investor Relations+27 (0) 82 888 1242 (mobile) Forward-Looking Statements This announcement contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 with respect to Harmony’s financial condition, results of operations, business strategies, operating efficiencies, competitive positions, growth opportunities for existing services, plans and objectives of management, markets for stock and other matters. Statements in this announcement that are not historical facts are “forward-looking statements” for the purpose of the safe harbour provided by Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and Section 27A of the U.S. Securities Act of 1933, as amended. Forward-looking statements are statements that are not historical facts. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Forward-looking statements are generally identified by the words “expect”, “anticipates”, “believes”, “intends”, “estimates” and similar expressions. These statements are only predictions. All forward-looking statements involve a number of risks, uncertainties and other factors and we cannot assure you that such statements will prove to be correct. Risks, uncertainties and other factors could cause actual events or results to differ from those expressed or implied by the forward-looking statements. These forward-looking statements, including, among others, those relating to the future business prospects, revenues and income of Harmony, wherever they may occur in this announcement, are necessarily estimates reflecting the best judgement of the senior management of Harmony and involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. As a consequence, these forward-looking statements should be considered in light of various important factors, including those set forth in this announcement. Important factors that could cause actual results to differ materially from estimates or projections contained in the forward-looking statements include, without limitation: overall economic and business conditions in the countries in which we operate; the ability to achieve anticipated efficiencies and other cost savings in connection with past and future acquisitions; increases or decreases in the market price of gold; the occurrence of hazards associated with underground and surface gold mining; the occurrence of labour disruptions; availability, terms and deployment of capital; changes in government regulations, particularly mining rights and environmental regulations; fluctuations in exchange rates; currency devaluations and other macro-economic monetary policies; and socio-economic instability in the countries in which we operate.
