DRA GLOBAL LIMITED - DRA GLOBAL LIMITED - Notification of change in details of buy-back

DRA GLOBAL LIMITED - Notification of change in details of buy-back

DRA Global Limited
(Incorporated in Australia under the Corporations Act 2001 (Cth))
ACN 622 581 935
ASX / JSE Share Code: DRA
ISIN: AU0000155814
("DRA" or "the Company")
JSE Sponsor: Pallidus Capital Proprietary Limited


                                                          JSE ANNOUNCEMENT
                                                                                                                20 October 2021




UPDATE - NOTIFICATION OF CHANGE IN DETAILS OF BUY-BACK
DRA Global Limited (ASX / JSE: DRA) (DRA or the Company) releases the ‘Update – Notification of buy-back
– DRA’ notice released to the Australian Securities Exchange today.


- ENDS -


For further information, please contact:

Investor queries:                                                    Media enquiries:
Haydn von Maltitz                                                    John Gardner
Head of Corporate Affairs – DRA Global                               Citadel-MAGNUS
Ph: +61 8 6163 5939                                                  M: +61 413 355 997
shareholders@draglobal.com                                           jgardner@citadelmagnus.com




About DRA Global Limited
DRA Global Limited (ASX: DRA | JSE: DRA) (DRA or the Company) is a multi-disciplinary engineering, project management and
operations management group predominantly focused on the mining and minerals resources sector. DRA has an extensive global track
record, spanning more than three decades and more than 7,500 studies and projects as well as operations and maintenance solutions
across a wide range of commodities.
DRA has expertise in mining, minerals and metals processing and related non-process infrastructure including ESG, water and energy
solutions for the mining industry. DRA delivers advisory, engineering and project delivery services throughout the capital project 
lifecycle from concept though to operational readiness and commissioning as well as ongoing operations, maintenance and shutdown services.
DRA, headquartered in Perth, Australia, services its global customer base through 20 offices across Asia-Pacific, North and South
America, Europe, Middle East and Africa.


Physical Level 8, 256 Adelaide Terrace / Perth WA 6000 / Australia // Postal PO Box 3130 / East Perth WA 6892 / Australia
Telephone +61 (0)8 6163 5900 // info@draglobal.com // ACN 622 581 935 // ASX: DRA / JSE:DRA


Announcement Summary

     Name of entity
     DRA GLOBAL LIMITED

     Announcement type
     Update announcement

     Type of update
     Notification of change in details of buy-back

     Date of this announcement
     20/10/2021

     Reason for update
     Notify the market of the appointment of a broker to conduct the on-market buy-back on the Johannesburg Stock Exchange
     (JSE).

     The consideration for shares bought back on the JSE will be paid in South African Rand and will be reported to ASX in
     AUD using the ZAR:AUD exchange rate on xe.com at the time of preparing the daily buy-back notification.


     ASX Security code and description of the class of +securities the subject of the buy-back
     DRA : ORDINARY FULLY PAID

     The type of buy-back is:
     On market buy-back



Part 1 - Entity and announcement details


     1.1 Name of entity
         DRA GLOBAL LIMITED

         We (the entity named above) provide the following information about our buy-back.

     1.2 Registration number type                                  Registration number
         ABN                                                       72622581935

     1.3 ASX issuer code
         DRA

     1.4 The announcement is
         Update/amendment to previous announcement

     1.4a Type of update
          Notification of change in details of buy-back

     1.4b Reason for update
          Notify the market of the appointment of a broker to conduct the on-market buy-back on the Johannesburg Stock Exchange
          (JSE).

          The consideration for shares bought back on the JSE will be paid in South African Rand and will be reported to ASX in
          AUD using the ZAR:AUD exchange rate on xe.com at the time of preparing the daily buy-back notification.

     1.4c Date of initial notification of buy-back
          19/8/2021

     1.4d Date of previous announcement to this update
          11/10/2021



     1.5 Date of this announcement
         20/10/2021

     1.6 ASX Security code and description of the class of +securities the subject of the buy-back
         DRA : ORDINARY FULLY PAID


Part 2 - Type of buy-back


     2.1 The type of buy-back is:
         On market buy-back


Part 3 - Buy-back details


Part 3A - Details of +securities, price and reason



     3A.1 Total number of +securities on issue in the class of
          +securities to be bought back
          54,227,777



     3A.4 Does the entity intend to buy back a minimum
          number of +securities
          No


     3A.5 Does the entity intend to buy back a maximum
          number of securities
          No


     3A.6 Name of broker or brokers who will offer to buy back +securities on the entity's behalf


          Broker name:


          ASX: Wilsons Stockbroking and Advisory Limited (ABN 65 057 547 323)


          JSE: Anchor Stockbrokers (Pty) Ltd (South Africa - Registration No 2015/111828/07)




     3A.9 Are the +securities being bought back for a cash consideration?
          Yes

     3A.9a Is the price to be paid for +securities bought back known?
           No

     3A.9a.1 In what currency will the buy-back consideration
           be paid?
           AUD - Australian Dollar


Part 3B - Buy-back restrictions and conditions



     3B.1 Does the buy-back require security holder
          approval?
          No

Part 3C - Key dates


     On-market buy-back

     3C.2 Proposed buy-back start date
          6/9/2021

     3C.3 Proposed buy-back end date
          5/9/2022




Part 3D - Other Information



     3D.1 Any other information the entity wishes to notify to ASX about the buy-back
          DRA will provide daily buy-back notifications in the form of an ASX Appendix 3C Notification of Buy-Back for any day on
          which DRA shares are bought back on the ASX and/or the JSE. The daily buy-back information reported in Part 4 will be
          reported on an aggregated ASX and JSE basis, with separate ASX and JSE information disclosed in Part 1 Section 1.4b.

          DRA will notify the market of any changes, and reserves the right to suspend or terminate the buy-back at any time.



Date: 20-10-2021 07:05:00
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