| Thu 7 Oct 2010, 8:50 | | MVG/MVGP - Mvelaphanda - Final Conversion Date for Mvela Group Preference |
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MVG MVGP
MVG
MVG/MVGP - Mvelaphanda - Final Conversion Date for Mvela Group Preference
Shares
Mvelaphanda Group Limited
(Incorporated in the Republic of South Africa)
Registration number 1995/004153/06
Ordinary share code: MVG
Preference share code: MVGP
Ordinary share: ISIN: ZAE000060737
Preference share: ISIN: ZAE000073540
("Mvela Group" or "the Company")
Final Conversion Date for Mvela Group Preference Shares
Shareholders are referred to the circular to Mvela Group preference
shareholders dated Friday, 23 October 2009 ("the Conversion Circular"). As set
out in the Conversion Circular, Mvela Group preference shareholders are
entitled, at their election, to convert their Mvela Group convertible
perpetual cumulative preference shares ("Mvela Group Preference Shares") into
Mvela Group ordinary shares from the first conversion date which was
Wednesday, 4 November 2009 up to the final conversion date which will be
Thursday, 4 November 2010, being the fifth anniversary of the date on which
Mvela Group Preference Shares were issued and allotted ("the Conversion
Period").
Conversions of Mvela Group Preference Shares may be made during the Conversion
Period on any Friday selected by the Mvela Group preference shareholder,
providing that such conversion date is a business day not less than 7 business
days (nor more than 60 calendar days) after the date of receipt of a
conversion notice. Accordingly, the last date for Mvela Group preference
shareholders to lodge a duly completed conversion notice to be able to convert
their Mvela Group Preference Shares into Mvela Group ordinary shares, is
Wednesday, 20 October 2010 and the last conversion date that can be selected
is Friday, 29 October 2010.
Mvela Group preference shareholders holding certificated Mvela Group
Preference Shares who wish to convert their Mvela Group Preference Shares
should provide such conversion notice together with the relevant Mvela Group
Preference Share certificates to the Company`s transfer secretaries,
Computershare Investor Services (Proprietary) Limited. Mvela Group preference
shareholders holding dematerialised Mvela Group Preference Shares who wish to
convert their Mvela Group Preference Shares should advise their broker or CSDP
accordingly.
The number of Mvela Group ordinary shares received by Mvela Group preference
shareholders upon conversion of their Mvela Group Preference Shares is
determined in accordance with a formula set out in Article 70 of the Articles
of Association of the Company.
Sandton
7 October 2010
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 07/10/2010 08:50:02 Produced by the JSE SENS Department.
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