MMH - Miranda Mineral Holdings Limited - Halt in Trade in Letters of Allocation
MMH MMHN
MMH
MMH - Miranda Mineral Holdings Limited - Halt in Trade in Letters of Allocation
Miranda Mineral Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/001940/06)
Share code: MMH ISIN: ZAE000074019
LA code: MMHN LA ISIN:ZAE000152633
("Miranda" or "the Company")
Halt in Trade in Letters of Allocation
Shareholders are referred to the Finalisation Announcement, and the Result of
Annual General Meeting ("AGM") announcement published on 7 April 2011.
Amongst others, the resolution pertaining to placing authorized but unissued
shares in the capital of the company under the control of the directors in terms
of section 221 and 222 of the Companies Act, No 61 of 1973, as amended, was not
passed.
The Claw Back and Rights issue is unable to continue due to the fact that the
company does not have the authority to issue the shares.
Accordingly the trade in the Letters of Allocation ("LA") has been halted on the
JSE Limited trading system with immediate effect.
The trade in the LA will remain halted until such time as the JSE has more
certainty on Miranda`s ability to obtain the approval of the above mentioned
resolution.
A note of Extraordinary General Meeting ("EGM") will be posted tomorrow, 20
April 2011, for shareholders to reconsider the above mentioned resolution. The
EGM will be held on 9 May 2011.
Further detail will follow shortly.
Centurion
19 April 2011
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Corporate Advisor
Touchstone Capital (Pty) Ltd
Date: 19/04/2011 15:27:58 Produced by the JSE SENS Department.
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