Labour court dismisses AMCU''s application for leave to appeal against the initial judgement, paving the way for the union membership verification exercise to proceed

(PresseBox) - Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL - https://www.commodity-tv.net/c/search_adv/?v=298805 ) is pleased to report that on Friday 22 March 2018, the South African Labour Court (the Court) dismissed AMCU?s application for leave to appeal against the initial judgment made by the Court to the effect that the union membership figures at the Company?s SA gold operations, were common cause on 22 November 2018.

Neal Froneman, CEO for Sibanye-Stillwater commented: ?The dismissal of AMCU?s leave to appeal is timeous, albeit moot. The Company will now proceed with an independent union membership verification process to confirm the collective majority status of NUM, UASA and Solidarity at the time management sought to extend the agreement to non-parties, including AMCU.

This press release is for information purposes only and does not constitute or form part of an offer to sell or the solicitation of an offer to buy or subscribe to any securities of Sibanye-Stillwater. would be impermissible to do so. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933 (the "Securities Act") or with any securities regulatory authority of any state or other jurisdiction of the United States and may not be offered, sold, resold, transferred or delivered, directly or indirectly, in the United States except pursuant to registration under, or an exemption from the registration requirements of, the Securities Act. There will be no public offering of securities in the United States or any other jurisdiction.

The securities have not been approved or disapproved by the US Securities and Exchange Commission, and state securities commission in the United States or any other US regulatory authority. Any representation to the contrary is a criminal offence in the United States.

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Datum: 25.03.2019 - 08:48 Uhr
Sprache: Deutsch
News-ID 1547942
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