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MVL NHM
MVL NHM
MVL/NHM - Mvelaphanda Resources / Northam - Results of general meetings
Mvelaphanda Resources Limited
Incorporated in the Republic of South Africa)
(Registration number: 1980/001395/06)
Share Code: MVL
ISIN: ZAE000050266
("Mvela Resources")
Northam Platinum Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1977/003282/06)
JSE code: NHM
ISIN: ZAE000030912
("Northam")
RESULTS OF GENERAL MEETINGS
Further to the circular to Mvela Resources shareholders dated 9 May 2008
regarding:
the proposed acquisition by Mvela Resources of Anglo Platinum Limited`s ("Anglo
Platinum`s") interest in the Booysendal Platinum Project ("Booysendal") and
Anglo Platinum`s 22.2% interest in Northam for a total cash consideration of R4
billion;
the proposed subsequent sale by Mvela Resources to Northam of its 100% interest
in Booysendal; and
a specific issue of new ordinary shares by Mvela Resources to a subsidiary of
Afripalm Resources (Proprietary) Limited,
and the circular to Northam shareholders dated 9 May 2008 regarding:
the proposed acquisition by Northam from Mvela Resources of Booysendal;
the proposed creation of 125 000 000 Northam ordinary shares and proposed issue
of 121 000 000 ordinary shares to Mvela Resources in consideration for the
acquisition of Booysendal;
proposed amendments to Northam`s Memorandum and Articles of Association; and
the proposed waiver by the independent Northam shareholders of their right to
receive a mandatory offer from Mvela Resources,
(collectively "the Transaction"),
The requisite majorities of Mvela Resources and Northam shareholders passed all
the ordinary and special resolutions required to implement the Transaction at
their respective general meetings held on 6 June 2008.
The special resolutions have been submitted to the Companies and Intellectual
Property Registration Office (CIPRO) for registration as required by the
Companies Act, 1973, as amended.
The Transaction is expected to become unconditional and to be implemented by the
end of June 2008.
Johannesburg
6 June 2008
Sponsor to Mvela Resources Sponsor to Northam
J.P. Morgan Equities Barnard Jacobs Mellet
Corporate Finance (Pty)
Limited
Date: 06/06/2008 11:45:01 Produced by the JSE SENS Department.
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