Sibanye Gold Limited: 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

(firmenpresse) - Labour court dismisses AMCUs application for leave to appeal against the initial judgement, paving the way for the union membership verification exercise to proceed

Johannesburg, 25 March 2019: 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 AMCUs application for leave to appeal against the initial judgment made by the Court to the effect that the union membership figures at the Companys SA gold operations, were common cause on 22 November 2018. The Court held that central to the issue of lawfulness of the strike, was whether the Wage Agreement could be extended at the time the Company sought to extend the agreement.

Neal Froneman, CEO for Sibanye-Stillwater commented: The dismissal of AMCUs 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. We are confident that the outcome of the verification process will bring an end to this extended strike action in a way that does not undermine our values and other stakeholders.

Contact:

James Wellsted
SVP Investor Relations
Sibanye-Stillwater
+27 (0) 83 453 4014
ir(at)sibanyestillwater.com

In Europe:
Swiss Resource Capital AG
Jochen Staiger
info(at)resource-capital.ch
www.resource-capital.ch
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. For the full set of results, please refer to https://www.sibanyestillwater.com/investors/financial-reporting/operating-financial-updates/2018. This press release should not be sent, distributed, transmitted or otherwise made available in or into the United States or any other jurisdiction where it 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 - 13:59 Uhr
Sprache: Deutsch
News-ID 590196
Anzahl Zeichen: 3091

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Business News

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