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MVL NHM
MVL NHM
MVL/NHM - Mvela Resources/Northam - Proposed distribution ratio
Mvelaphanda Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1980/001395/06)
Share Code: MVL
ISIN: ZAE000050266
("Mvela Resources")
Northam Platinum Limited
(Incorporated in the Republic of South Africa)
(Registration No. 1977/003282/06)
Share Code: NHM
ISIN: ZAE000030912
("Northam")
JOINT ANNOUNCEMENT REGARDING THE PROPOSED DISTRIBUTION OF 181 980 981 NORTHAM
ORDINARY SHARES TO MVELA RESOURCES ORDINARY SHAREHOLDERS, THE PROPOSED SPECIFIC
REPURCHASE OF 35 000 000 MVELA RESOURCES `A` ORDINARY SHARES AND THE PROPOSED
ACQUISITION BY NORTHAM OF THE ENTIRE ISSUED ORDINARY SHARE CAPITAL OF MVELA
RESOURCES AFTER THE DISTRIBUTION AND REPURCHASE
PROPOSED DISTRIBUTION RATIO
Further to the announcement released on SENS this morning, we wish to advise
that the distribution ratio for the proposed distribution of the 181 980 981
Northam ordinary shares is 83.5230 Northam shares to be distributed to
participating Mvela Resources ordinary shareholders for every 100 Mvela
Resources ordinary shares held on the Northam distribution participation record
date.
8 February 2011
Johannesburg
Financial adviser and sponsor to Mvela Resources
J.P. Morgan
Financial adviser to Northam
Deutsche Bank
Sponsor to Northam
One Capital
Independent adviser to Mvela Resources and Northam
One Capital
Legal adviser to Mvela Resources
Bowman Gilfillan
Legal adviser to Northam
Werkmans
Independent reporting accountants to Mvela Resources
PricewaterhouseCoopers Inc.
Independent reporting accountants to Northam
Ernst & Young Inc.
Date: 08/02/2011 14:05:01 Produced by the JSE SENS Department.
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