| Fri 29 Aug 2008, 13:17 | | MTZ - MATODZI RESOURCES LIMITED - Changes To The Board Of Directors, The |
|
MTZ
MTZ
MTZ - MATODZI RESOURCES LIMITED - Changes To The Board Of Directors, The
Auditors And The Sponsor
MATODZI RESOURCES LIMITED
Incorporated in the Republic of South Africa
(Registration Number 1933/004523/06)
Share Code: MTZ ISIN no: ZAE000042412
("Matodzi" or "the company")
CHANGES TO THE BOARD OF DIRECTORS, THE AUDITORS AND THE SPONSOR
CHANGES TO THE MATODZI BOARD
Further to the announcement released on SENS on 5 August 2008 shareholders are
advised that Mr Andile Reeves Nkuhlu, the Chief Operations Officer and an
executive director of Matodzi, has resigned from both these positions with
effect from Sunday, 31 August 2008.
Shareholders are further advised that, subsequent to the aforementioned
announcement informing shareholders of the intention of the offeror,
collectively Trinity Holdings (Proprietary) Limited and Trinity Financial Group
Limited (collectively "Trinity"), to appoint a representative to the Matodzi
board, no objections have been received by the Securities Regulation Panel
("SRP"). The SRP has therefore consented in terms of rule 8.6 of the Securities
Panel Code on Take-Overs and Mergers and Rules of the SRP ("the Code") to the
appointment of a representative of the offeror to the Matodzi board. In
compliance with section 3.59(c) of the Listings Requirements of the JSE,
notification is hereby given that Mr Waron John Mann has been appointed as Chief
Executive Officer and executive director of Matodzi with effect from Wednesday,
27 August 2008.
Following the aforementioned changes, the Matodzi board now comprises of the
following directors:
A Mlangeni (independent non-executive Chairman)
WJ Mann (Chief Executive Officer)
H Cochrane (non-executive)
TS Kwinana (non-executive)
N Swana (non-executive)
S Swana (non-executive)
CHANGE IN REGISTERED ADDRESS
Shareholders are advised that the registered address of the company is hereby
changed, with immediate effect, as follows:
as regards physical address: from 10 Benmore Road, Morningside, Sandton. to
Trinity Place, Block D, The Terraces, Steenberg Office Park, 1 Silverwood Close,
Tokai, Cape Town; and
as regards postal address: from PO Box 11165, Johannesburg, 2000 to Trinity
Place, Block D, The Terraces, Steenberg Office Park, 1 Silverwood Close, Tokai,
Cape Town, 7945.
All share certificates to be issued in the future will be amended accordingly.
Shareholders are requested to use the above new addresses with immediate effect
when contacting the company directly. Communications relating to shareholdings
and transfer of shares should, however, still be addressed to the transfer
secretaries, Computershare Investor Services (Proprietary) Limited, 70 Marshall
Street, Johannesburg, 2001 (PO Box 61051, Marshalltown, 2107).
CHANGE IN AUDITORS
Shareholders are advised that Matodzi has appointed ACT Audit Solutions
Incorporated as auditors of the company with immediate effect.
CHANGE IN SPONSOR
Shareholders are advised that Matodzi has appointed Merchant Sponsors
(Proprietary) Limited as sponsor to the company with immediate effect.
MANDATORY OFFER TO MINORITY SHAREHOLDERS
As a result of the change in control in Matodzi announced on SENS on 30 July
2008, a mandatory offer must be extended to all Matodzi shareholders by Trinity
on the terms set out in that announcement. The offer circular containing a fair
and reasonable opinion by an independent external adviser is expected to be sent
to Matodzi shareholders as soon as practicably possible.
Johannesburg
29 August 2008
Sponsor
Merchant Sponsors (Proprietary) Limited
Date: 29/08/2008 13:17:01 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.
