| Fri 14 Jan 2011, 11:17 | | MVL - Mvelaphanda Resources Limited - Announcement regarding the proposed |
|
MVL GFI
MVL
MVL - Mvelaphanda Resources Limited - Announcement regarding the proposed
distribution by Mvela Resources, to its ordinary shareholders, of 22 218 000
shares in Gold Fields Limited ("Gold Fields")
Mvelaphanda Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1980/001395/06)
Share Code: MVL
ISIN: ZAE000050266
("Mvela Resources")
ANNOUNCEMENT REGARDING THE PROPOSED DISTRIBUTION BY MVELA RESOURCES, TO ITS
ORDINARY SHAREHOLDERS, OF 22 218 000 SHARES IN GOLD FIELDS LIMITED ("GOLD
FIELDS")
1. Introduction
Further to the announcement of 15 December 2010, Mvela Resources shareholders
at the meeting held on 12 January 2011 have approved the resolution
authorising Mvela Resources to distribute, to its ordinary shareholders, 22
218 000 shares in Gold Fields Limited (the "Gold Fields distribution"). The
condition precedent has been fulfilled so each participating Mvela Resources
ordinary shareholder will accordingly receive 0.10197 Gold Fields shares
(share code GFI and ISIN ZAE000018123) for every Mvela Resources ordinary
share held by it ("Gold Fields distribution ratio") on the distribution record
date.
2. Timetable
The finalisation salient dates of the Gold Fields distribution are set out
below:
2011
last trading day in Mvela Resources` ordinary shares on Friday, 21 January
the JSE Exchange in order to participate in the Gold
Fields distribution
Mvela Resources` ordinary shares trade "ex" the Monday, 24 January
entitlement to the Gold Fields distribution shares from
commencement of business on
Gold Fields distribution record date, at the close of Friday, 28 January
business on
Implementation date of the Gold Fields distribution on Monday, 31 January
Date on which participating Mvela Resources` ordinary Monday, 31 January
shareholders holding their shares in dematerialised form
will have their accounts at their participant or broker
updated with the Gold Fields distribution shares on
Date on which share certificates in respect of the Gold Monday, 31 January
Fields distribution shares will be posted, by registered
post, at the risk of the participating Mvela Resources`
ordinary shareholders holding their shares in
certificated form concerned, to participating Mvela
Resources ordinary shareholders on
Notes to the timetable:
1. Mvela Resources ordinary shares may not be dematerialised or
rematerialised between Monday, 24 January 2011 and Friday, 28
January 2011, both days inclusive.
14 January 2011
Johannesburg
Financial adviser and sponsor to Mvela Resources
J.P. Morgan
Attorneys to Mvela Resources
Bowman Gilfillan
Independent reporting accountants
PricewaterhouseCoopers Inc.
Date: 14/01/2011 11:17:01 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.
