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MMH
MMH
MMH - Miranda Mineral Holdings Limited - Dealing in securities by directors
Miranda Mineral Holdings Limited
(incorporated in the Republic of South Africa)
(Registration number: 1998/001940/06)
Share code: MMH & ISIN: ZAE000074019
("Miranda" or "the Company" or "the Group")
Dealing in securities by directors - exercise of options
In compliance with section 3.63 to 3.74 of the Listings Requirements of the JSE
Limited ("the Listings Requirements"), the following information detailing share
dealings by directors are disclosed:
Name of director Mr. Ronald John Nel
Designation Chief Executive Officer
Date the transaction was
effected 14 May 2008
Nature of transaction Sale in terms of a call option
Class of security Options over ordinary shares
Number of securities 1 400 000 (One Million Four Hundred thousand)
Strike price R0.80 (eighty cents)
Exercise period/strike date 15 August 2008
Nature of director`s interest Indirect beneficial
This exercise of options relates to the facilitation of a strategic investment
by SpyGlass Hedge Funds ("Spyglass"), as detailed in the company announcement
released on SENS on 20 February 2007. Shareholders are advised that in terms of
the option agreement between RJ Nel Trust and Realeboga Holdings (Pty) Ltd, Mr
RJ Nel will call on 1.4 million Miranda shares, therefore the net effect on Mr
RJ Nel`s indirect shareholding will be zero once exercised.
In compliance with section 3.66 of the Listings Requirements, clearance for this
transaction has been approved.
Centurion
16 May 2008
Sponsor:
Sasfin Capital
(A division of Sasfin Bank Limited)
Corporate Advisor:
Qinisele Resources
Enquiries:
Miranda Mineral Holdings Ltd +27 (0) 12 654 1345
Ron Nel, CEO
Wayne Ison, Financial Director
www.mirandaminerals.com
Date: 16/05/2008 16:15:49 Produced by the JSE SENS Department.
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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.
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