MVL NHM
MVL NHM
MVL / NHM - Mvelaphanda Resources / Northam - Joint Cautionary Announcement
Mvelaphanda Resources Limited
(Reg No: 1980/001395/06)
(Incorporated in the Republic of South Africa)
JSE Share Code: MVL
ISIN: ZAE000050266
("Mvela Resources")
Northam Platinum Limited
(Reg No: 1977/003282/06)
(Incorporated in the Republic of South Africa)
JSE Share Code: NHM
ISIN: ZAE000030912
("Northam")
Joint Cautionary Announcement
Shareholders of Mvela Resources and Northam ("the Companies") are advised that
the Companies have received approaches from interested parties which may result
in an offer or offers to acquire the entire issued share capital of Mvela
Resources and Northam.
Shareholders of the Companies are advised that due to Mvela Resources`
classification as a "pyramid company" in terms of the Securities Regulation Code
on Takeovers and Mergers ("SRP Code"), any offer resulting in a change in
control of Mvela Resources requires the offeror(s) to make a comparable offer to
shareholders of Northam in accordance with Rule 6.3 of the SRP Code.
Any potential transactions arising from such approaches, if successfully
concluded, may have a material impact on the price of the Companies` securities.
Shareholders of Mvela Resources and Northam are therefore advised to exercise
caution when dealing in the Companies` securities until a further announcement
is made.
Johannesburg
12 September 2008
Sponsor to Mvela Resources
J.P. Morgan Equities
Sponsor to Northam
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 12/09/2008 16:00:02 Produced by the JSE SENS Department.
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