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MVL NHM
MVL NHM
MVL/NHM - Mvelaphanda Resources / Northam Platinum - Final Northam
Distribution ratio and Scheme Consideration Limited
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")
FINALISATION INFORMATION AND REVISED SALIENT DATES AND TIMES IN RESPECT OF THE
PROPOSED DISTRIBUTION OF 181 980 981 NORTHAM ORDINARY SHARES TO MVELA
RESOURCES ORDINARY SHAREHOLDERS ("Northam distribution"), THE PROPOSED
SPECIFIC REPURCHASE OF 35 000 000 MVELA RESOURCES `A` ORDINARY SHARES ("the
repurchase") AND THE PROPOSED ACQUISITION BY NORTHAM OF THE ENTIRE ISSUED
ORDINARY SHARE CAPITAL OF MVELA RESOURCES ("the scheme") AFTER THE
IMPLEMENTATION OF THE NORTHAM DISTRIBUTION AND THE REPURCHASE ("the proposed
transactions")
FINAL NORTHAM DISTRIBUTION RATIO AND SCHEME CONSIDERATION
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
Mvela Resources ordinary shareholders will receive 0.09598 Northam shares for
every 1 Mvela Resources ordinary share held on the scheme consideration record
date.
7 April 2011
Johannesburg
Sponsor to Mvela Resources
J.P. Morgan
Sponsor to Northam
One Capital
Date: 07/04/2011 15:00:01 Produced by the JSE SENS Department.
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