Skip to content skip to secondary navigation Top of the page

Doornkop Mine

and events

Company announcements

Acquisition of an equity stake in Village Main Reef Gold Mining Company

Harmony 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 Kotze
Executive, Investor Relations
+27(0)83 453 0544

Annual report

Integrated annual report 2016
Integrated annual report 2017


Investor brief

Harmony Investor brief, Sep 2017
September 2017 -
Harmony Investor brief

(PDF - 6.5MB)

Register for alerts