Common use of SHARE ISSUES Clause in Contracts

SHARE ISSUES. 11.1 If any shares in the issued share capital of the Purchaser that are the same class of shares as the issued share capital of the Purchaser as at the Signature Date are subdivided and/or consolidated or if any bonus or other shares in the share capital of the Purchaser are issued upon a capitalisation of its profits, reserves or other distributable assets ("Capitalisation Issue") in the Interim Period, then the number of Consideration Shares (on the Signature Date) shall on the Closing Date be amended so that such figure is the figure ("Amended Figure") obtained by –– 11.1.1 in the case of a subdivision, multiplying the number of the Consideration Shares (or any Amended Figure previously calculated in terms of this clause 11) by the number of DRDGOLD Shares into which each DRDGOLD Share is subdivided in terms of such subdivision; or 11.1.2 in the case of a consolidation, dividing the number of Consideration Shares (or any Amended Figure previously calculated in terms of this clause 11) by the number of DRDGOLD Shares which will be consolidated to create one DRDGOLD Share in terms of such consolidation; 11.1.3 in the case of Capitalisation Issue, adding to the number of Consideration Shares (or any Amended Figure previously calculated in terms of this clause 11) the product obtained by multiplying the number of Consideration Shares (or any Amended Figure previously calculated in terms of this clause 11) by the number of new DRDGOLD Shares issued for each existing DRDGOLD Share in terms of such Capitalisation Issue. 12