Shareholders approve internal restructuring of Sibanye Gold

23rd January 2020 By: Tasneem Bulbulia - Senior Contributing Editor Online

Sibanye Gold Limited and dual-listed miner Sibanye-Stillwater on Thursday announced that all resolutions for the approval of an internal restructuring process to create a new holding company and listings for the group to be effected by way of a scheme of arrangement, had been passed by the requisite majority of votes at a scheme meeting.

Completion of the scheme remains subject to the satisfaction or waiver of the outstanding scheme conditions precedent.

Subject to the satisfaction or waiver of conditions precedent, a finalisation date announcement will be made, which is slated for February 11.