0001355187-16-000003.txt : 20160310 0001355187-16-000003.hdr.sgml : 20160310 20160310075832 ACCESSION NUMBER: 0001355187-16-000003 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20160310 DATE AS OF CHANGE: 20160310 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: DRDGOLD LTD CENTRAL INDEX KEY: 0001023512 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 000000000 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-79767 FILM NUMBER: 161496178 BUSINESS ADDRESS: STREET 1: 45 EMPIRE ROAD STREET 2: PARKTOWN CITY: JOHANNESBURG STATE: T3 ZIP: 2193 BUSINESS PHONE: 27113817800 MAIL ADDRESS: STREET 1: PO BOX 390 STREET 2: MARAISBURG CITY: JOHANNESBURG STATE: T3 ZIP: 1700 FORMER COMPANY: FORMER CONFORMED NAME: DURBAN ROODEPOORT DEEP LTD DATE OF NAME CHANGE: 19960924 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SKAGEN FUNDS CENTRAL INDEX KEY: 0001355187 IRS NUMBER: 000000000 STATE OF INCORPORATION: Q8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: P.O.BOX 160 CITY: STAVANGER STATE: Q8 ZIP: N-4001 BUSINESS PHONE: (47)51939800 MAIL ADDRESS: STREET 1: P.O.BOX 160 CITY: STAVANGER STATE: Q8 ZIP: N-4001 SC 13D/A 1 20160310Disclosure.txt NOTIFICATION - OWNERSHIP BELOW 5 % SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D* (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) Under the Securities Exchange Act of 1934 (Amendment No. ) DRDGOLD LTD (Name of Issuer) ADR (Title of Class of Securities) 26152H301 (CUSIP Number) Solvi M. Tonning Mutual funds managed by SKAGEN AS P.O. Box 160, N-4001 Stavanger Norway (47) 51 80 38 31 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 4, 2016 (Date of Event which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. [ ] NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. (Continued on following pages) (Page 1 of 7 Pages) The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13D PAGE 2 OF 7 PAGES 1 NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) SKAGEN Kon Tiki Verdipapirfond, mutual fund managed by SKAGEN AS, (ORG.NO 867 762 732) 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3 SEC USE ONLY 4 SOURCE OF FUNDS* 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDING IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) [ ] 6 CITIZENSHIP OR PLACE OF ORGANIZATION Norway 7 SOLE VOTING POWER -0- NUMBER OF 8 SHARED VOTING POWER SHARES BENEFICIALLY -0- OWNED BY EACH 9 SOLE DISPOSITIVE POWER REPORTING PERSON WITH -0- 10 SHARED DISPOSITIVE POWER -0- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON March 4, 2016 2,089,378 ADR 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ] 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) March 4, 2016 4,85 % 14 TYPE OF REPORTING PERSON* IV (Investment company) * SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D PAGE 3 OF 7 PAGES Item 1. Security and Issuer. This statement on Schedule 13D relates to the shares ("Shares") of DRDGOLD LTD (the "Issuer"). The principal executive office of the Issuer is located at Off Crownwood Road, Crown Mines, Johannesburg 2092, South Africa Item 2. Identity and Background. (a) This statement is filed by SKAGEN Funds (SKAGEN AS), a Norwegian Investment company (the "Reporting Person").The Investment company has seventeen mutual funds under management. The shares are hold for investment purposes.The Investment Director is Ole Soeberg. (b) The principal business address of the Reporting Person and the Investment Director is P.O. Box 160, N-4001 Stavanger, Norway. (c) The principal business of the Reporting Person and the Investment Director is investing assets for unit holders investing in the mutual funds under their management. (d) Neither the Reporting Person nor the Investment Director has,during the last five years, been convicted in a criminal proceeding (excluding trafficviolations or similar misdemeanors). (e) Neither the Reporting Person nor the Investment Director has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) The Reporting Person is a limited liability investment company organized in Norway. The Investment Director and the rest of the Principals are citizens of Denmark and Norway. SCHEDULE 13D PAGE 4 OF 7 PAGES Item 3. Source and Amount of Funds or Other Consideration. The Shares beneficially owned by the Reporting Person were acquired with investment funds in the mutual funds under management. Item 4 Purpose of Transaction. The Reporting Person acquired the Shares for investment in the ordinary course of business. Except as set forth herein, neither the Reporting Person nor the Investment Director have any present plan or proposal that would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D. The Reporting Person intends to review its investment in the Issuer on a continuing basis. Depending on various factors including, without limitation,the Issuer's financial position and strategic direction, price levels of the Shares, conditions in the securities market and general economic and industry conditions, the Reporting Person may in the future take such actions with respect to its investment in the Issuer as it deems appropriate including,without limitation, purchasing additional Shares or selling some or all of its Shares, and, alone or with others, pursuing discussions with the Issuer, other stockholders and third parties with regard to its investment in the Issuer,and/or otherwise changing its intention with respect to any and all matters referred to in Item 4 of Schedule 13D. Item 5. Interest in Securities of the Company. (a) The aggregate percentage of Shares reported to be beneficially owned by the Reporting Person is based upon the total of 43.088 million ADRs outstanding, registered at Bloomberg on March 4, 2016. As of the close of business on March 4, 2016, the Reporting Person beneficially owned 4.85 % of the shares outstanding. SCHEDULE 13D PAGE 5 OF 7 PAGES (b) The Reporting Person voting and dispositive powers over more than 4.85 % of the Shares, which powers are exercised by the Investment Director. (See details in (C) below) (c) Information concerning transactions in the Shares effected by the Reporting Person during the past sixty days is: SALES: Trade Settle Date Date Quantity 20012016 25012016 49165 21012016 26012016 92914 25012016 28012016 15769 26012016 29012016 66291 01022016 04022016 7332 02022016 05022016 100000 03022016 08022016 125000 04022016 09022016 14662 05022016 10022016 43075 09022016 12022016 129055 12022016 18022016 31200 16022016 19022016 135601 17022016 22022016 50500 18022016 23022016 160000 19022016 24022016 60300 23022016 26022016 39878 24022016 29022016 79727 25022016 01032016 45504 29022016 03032016 68956 01032016 04032016 52209 02032016 07032016 188080 04032016 09032016 80105 (d) No person (other than the Reporting Person) is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Company. Except as otherwise set forth herein, the Reporting Person does not have any contract, arrangement, understanding or relationship with any person with respect to any securities of the Issuer. Item 7. Material to be Filed as Exhibits. Not applicable SCHEDULE 13D PAGE 6 OF 7 PAGES SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: March 10, 2016 SKAGEN AS (SKAGEN Funds) BY: /s/ Solvi M. Tonning Name: Solvi M. Tonning Title: Business Support and Compliance BY: /s/ Ole Soeberg Name: Ole Soeberg Title: Investment Director