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MTX
MEMTX
MTX - Metorex Limited - Dealings by directors and their associates in terms of
the Metorex Claw-Back Offer
METOREX LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1934/005478/06)
Share code: MTX
ISIN: ZAE000022745
Issuer code: MEMTX
("Metorex")
Dealings by directors and their associates in terms of the Metorex Claw-Back
Offer
Shareholders are referred to the results of the Metorex Claw Back Offer,
released on Sens on 19 April 2010 ("the Claw Back Offer").
In terms of the Listings Requirements of the JSE Limited, the following
information provides details of the dealings by directors of Metorex and its
major subsidiaries and/or such directors` associates in the ordinary shares of
Metorex acquired at R3,60 per ordinary share in terms of the direct and indirect
beneficial holdings of the directors:
Name of director Mr Charles Needham
Director of major subsidiary Ruashi Mining SPRL
Shareholding prior to the Claw 1 512 402
Back Offer
Date of transaction 19 April 2010
Number of shares acquired in
terms of the Claw Back Offer 502 630
Number of shares held after the 2 015 032
Claw Back Offer
Confirmation of market On market
Value of transaction R 1 809 468
Name of associate Beankin Investments
(Proprietary) Limited
("Beankin") (an associate of
Mr R Still, a director of
Metorex)
Shareholding prior to the Claw 9 491 545
Back Offer
Date of transaction 19 April 2010
Number of shares acquired in
terms of the Claw Back Offer 1 588 355
Number of shares held after the 11 079 900
Claw Back Offer
Confirmation of market On market
Value of transaction R 5 718 078
Name of associate Minerales y Productos
Derivados SA (an associate of
Mr A Barrenechea, a director
of Metorex)
Shareholding prior to the Claw 66 982 297
Back Offer
Date of transaction 19 April 2010
Number of shares acquired in
terms of the Claw Back Offer 22 260 227
Number of shares held after the 89 242 524
Claw Back Offer
Confirmation of market On market
Value of transaction R 80 136 817.20
Name of associate Sepiol, SA (an associate of Mr
A Barrenechea, a director of
Metorex)
Shareholding prior to the Claw 16 300 000
Back Offer
Date of transaction 19 April 2010
Number of shares acquired in
terms of the Claw Back Offer 5 416 979
Number of shares held after the 21 716 979
Claw Back Offer
Confirmation of market On market
Value of transaction R 19 501 124.40
Name of associate SA Sulquisa (an associate of
Mr A Barrenechea, a director
of Metorex)
Shareholding prior to the Claw 11 490 164
Back Offer
Date of transaction 19 April 2010
Number of shares acquired in
terms of the Claw Back Offer 590 000
Number of shares held after the 12 080 164
Claw Back Offer
Confirmation of market On market
Value of transaction R 2 124 000
Name of associate Fami Cuatro de Inversiones, SA
(an associate of Mr A
Barrenechea, a director of
Metorex)
Shareholding prior to the Claw 4 586 750
Back Offer
Date of transaction 19 April 2010
Number of shares acquired in
terms of the Claw Back Offer 1 524 315
Number of shares held after the 6 111 065
Claw Back Offer
Confirmation of market On market
Value of transaction R 5 487 534
The following transactions in terms of the Claw Back Offer have also been
entered into by directors of Metorex and/or their associates in the ordinary
shares of Metorex and in terms of their direct and indirect beneficial holdings:
Name of associate Beankin (an associate of Mr R
Still, a director of Metorex)
Transaction Rights ceded to a third party
Date of transaction 16 April 2010
Number of rights ceded 1 577 162
Deemed price 33 cents
Confirmation of market Off market
Deemed value of transaction R 520 463
Name of associate SA Sulquisa (an associate of
Mr A Barrenechea, a director
of Metorex)
Transaction Sale of rights
Confirmation of market On market
Date of Number of Price Value of
transaction rights sold transaction
7 April 2010 893 612 55 cents R 491 486.60
8 April 2010 1 424 914 49 cents R 698 207.86
9 April 2010 910 000 55 cents R 500 500.00
The required prior written clearances for the above directors` dealings have
been obtained.
Johannesburg
21 April 2010
Sponsor
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 21/04/2010 17:51:27 Produced by the JSE SENS Department.
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