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Latest News: Mantengu Mining Ltd. MANTENGU [MTU]

Mon, 25 Aug 2025	Official Announcement [WDW]
Mantengu - finalisation of BEE transaction The board of directors of Mantengu ("Board") refers to the SENS announcement dated 21 July 2025 in connection with the acquisition by Mantengu of all of the issued share capital of and claims in Blue Ridge Platinum (Pty) Ltd. ("Blue Ridge") from Ridge Mining (Pty) Ltd. and Imbani Platinum SPV (Pty) Ltd. pursuant to a sale of shares and claims agreement entered into by the parties thereto (the "Sale of Shares and Claims Agreement") (the "Transaction") with effect from 1 August 2025. The Board advised shareholders that, all the closing deliverables having been fulfilled, the BEE Transaction has reached close and became effective on 25 August 2025. The disposal of 30% of its shareholding in Blue Ridge to the BEE Parties is testament to Mantengu's unwavering commitment to Broad Based Black Economic Empowerment. Due to its relative size, the disposal falls below the threshold of a categorised transaction in terms of the Listings Requirements of the JSE Limited and its announcement is therefore voluntary.
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