MVG/MVGP - Mvela Group - Adjustment to the convertible preference shares
MVG MVGP
MVG
MVG/MVGP - Mvela Group - Adjustment to the convertible preference shares
conversion price
Mvelaphanda Group Limited
(Incorporated in the Republic of South Africa)
Registration number 1995/004153/06
Ordinary share code: MVG
Preference share code: MVGP
Ordinary share: ISIN: ZAE000060737
Preference share: ISIN: ZAE000073540
("Mvela Group" or "the company")
Adjustment to the Convertible Preference Shares Conversion Price
Mvela Group announces that the conversion price of each convertible perpetual
cumulative preference share has been adjusted from R10,00 to R9,53 per share
in respect of the year ended 30 June 2007. This is pursuant to the cumulative
effects of the capital distributions made in the 2006 and 2007 financial years
and the dilutive effect of the value of the ordinary shares resulting from the
options granted in terms of the broad-based BEE ownership initiative entered
into during May 2007. The adjustment is effective from 22 October 2007.
Sandton
20 December 2007
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 20/12/2007 12:19:13 Produced by the JSE SENS Department.
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