| Mon 19 Jan 2009, 12:08 | | MTZ - Matodzi - Results Of Mandatory Offer And Results Of General Meeting |
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MTZ
MTZ
MTZ - Matodzi - Results Of Mandatory Offer And Results Of General Meeting
MATODZI RESOURCES LIMITED
Incorporated in the Republic of South Africa
(Registration number 1933/004523/06)
Share code: MTZ ISIN: ZAE000042412
("Matodzi")
RESULTS OF MANDATORY OFFER AND RESULTS OF GENERAL MEETING
1. RESULTS OF MANDATORY OFFER
Shareholders are referred to the circular dated 22 December 2008 setting out the
details of an unconditional mandatory offer by Trinity Holdings (Proprietary)
Limited ("Trinity") to Matodzi shareholders to acquire the entire issued
ordinary share capital of Matodzi that it does not already own for an offer
consideration of one Randgold and Exploration Company Limited ("R&E") share in
exchange for 126.00003 Matodzi shares ("the offer"). Shareholders are advised
that as at 12:00 on Friday, 16 January 2009, being the closing date of the
offer, valid acceptances of the offer had been received in respect of 10 744 218
shares representing approximately 2.90% of the entire issued share capital of
Matodzi. As a result, Trinity will exchange 85 270 R&E shares in terms of the
offer consideration and will hold 254 919 621 Matodzi shares representing 68.80%
of the total issued share capital.
The offer consideration due to:
- dematerialised shareholders will be credited to their accounts with their
CSDPs or brokers at their risk, and dealt with in terms of the custody
agreements entered into between such dematerialised shareholders and their CSDPs
or brokers, in respect of acceptances received by the transfer secretaries
before 12:00 on Friday, 16 January 2009, which consideration will be exchanged
on Monday, 19 January 2009; or
- certificated shareholders will be posted, by registered mail, at the risk
of the certificated shareholders concerned, upon receipt by the transfer
secretaries of the form of acceptance, surrender and transfer, together with the
relevant documents of title (in negotiable form), in respect of all acceptances
received by the transfer secretaries before 12:00 on Friday, 16 January 2009,
which consideration will be posted on Monday, 19 January 2009.
2. RESULTS OF GENERAL MEETING
Shareholders are advised that at the general meeting of Matodzi held on Monday,
19 January 2009, convened in terms of the notice of general meeting contained in
the circular to shareholders issued on 22 December 2008, all resolutions were
passed by the requisite majority of shareholders, except for ordinary resolution
number 3 which was removed from the agenda before the meeting.
The special resolutions will be lodged for registration at the Companies and
Intellectual Property Registration Office in due course.
Johannesburg
19 January 2009
Sponsor
Merchantec (Proprietary) Limited
Legal adviser
Russell Turner Attorneys
Date: 19/01/2009 12:08:44 Produced by the JSE SENS Department.
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