|
AMS MVL NHM
ANANP MVL NHM
MVL / NHM / AMS - Mvela Resources - Northam - Anglo Platinum - Joint
announcement
Mvelaphanda Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1980/001395/06)
(ISIN: ZAE000050266)
(Share Code: MVL)
("Mvela Resources")
Northam Platinum Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1977/003282/06)
(ISIN: ZAE000030912)
(Share Code: NHM)
("Northam")
Anglo Platinum Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1946/022452/06)
(ISIN: ZAE000013181)
(Share Code: AMS)
("Anglo Platinum")
Joint announcement
Shareholders of Anglo Platinum, Mvela Resources and Northam ("the parties") are
referred to the joint and individual announcements published by the parties on 4
September 2007 ("the announcements") regarding:
- the proposed acquisition by Mvela Resources of Anglo Platinum`s entire
interest of 53 million shares (being 22.4% of the issued share capital) in
Northam and Anglo Platinum`s stake in the Booysendal Platinum Project
("Booysendal");
- the proposed acquisition by Northam of 100% of Booysendal; and
- a specific issue of ordinary shares by Mvela Resources to Afripalm
Resources,
collectively "the proposed transactions".
The parties advised at the time of the announcements that they expected the
proposed transactions to be concluded by the end of the calendar year 2007.
Due to the complexity of the proposed transactions the parties advise that it is
unlikely that the confirmatory due diligence and detailed transaction agreements
will be completed in time to convene the requisite Mvela Resources and Northam
shareholders meetings before the December 2007 holiday period. Accordingly, the
parties now advise that the circulars to Mvela Resources and Northam
shareholders are likely to be posted to shareholders during January 2008.
Johannesburg
7 November 2007
Merchant Bank Financial Financial Sponsor to Spnsor to
and adviser to adviser and Northam Anglo
transaction Anglo American Transactional Platinum
sponsor to plc and Anglo sponsor to
Anglo Platinum Platinum Mvela
Resources
Rand Merchant Rothschild JP Morgan BJM Corporate Merrill Lynch
Bank Finance SA Pty (Ltd)
Date: 07/11/2007 12:00:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
