South Africa Competition approval – Aquarius Transaction
Sibanye shareholders are referred to the announcement on 19 January 2016 advising that Aquarius Platinum Limited’s (“Aquarius”) shareholders approved the Amalgamation and Amalgamation Agreement, whereby Sibanye will acquire all of the shares in Aquarius for a cash consideration of USD 0.195 per share (the “Aquarius Transaction”).
Sibanye is pleased to report that a significant Condition Precedent, being the approval of the South African Competition Authorities for the Aquarius Transaction, subject to certain conditions and qualifications which are acceptable to both Sibanye and Aquarius, was received on 16 March 2016. Sibanye and Aquarius will now proceed to fulfill the final Conditions Precedent, in accordance with the Implementation Agreement. A further announcement, including the transaction timetable, will be issued once the final Conditions Precedent have been fulfilled.
17 March 2016
Sibanye Gold Limited
+27 83 453 4014