| Fri 20 May 2011, 15:27 | | MVL - Mvelaphanda Resources Limited - Declaration of special cash dividend |
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MVL
MVL
MVL - Mvelaphanda Resources Limited - Declaration of special cash dividend
Mvelaphanda Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1980/001395/06)
Share Code: MVL
ISIN: ZAE000050266
("Mvela Resources")
DECLARATION OF SPECIAL CASH DIVIDEND
As set out in the circular to Mvela Resources shareholders, dated 18 February
2011, the Mvela Resources scheme was subject, inter alia, to a condition
precedent that Mvela Resources confirm that it has net cash of not less than
R650 million . Mvela Resources has confirmed that the net cash exceeds R650
million. Due to the existence of this excess, the board of directors of Mvela
Resources has resolved to pay a special dividend of 31 cents per Mvela Resources
ordinary share to all persons recorded as holders of Mvela Resources ordinary
shares in the Mvela Resources register on the special dividend record date.
The salient dates and times for the special dividend are as follows:
2011
Mvela Resources special dividend finalisation date Friday, 20 May
Last day to trade in Mvela Resources ordinary shares on Friday, 27 May
the JSE Exchange in order to participate in the special
dividend
Date of suspension of listing of Mvela Resources ordinary Monday, 30 May
shares on the JSE Exchange at commencement of trading on
Special dividend record date, at close of business on Friday, 3 June
Special dividend payment date Monday, 6 June
Date on which participating dematerialised ordinary Monday, 6 June
shareholders will have their accounts at their participant
or broker credited with the special dividend on
Date on which cheques in respect of the special dividend Monday, 6 June
will be posted at the risk of the participating
certificated ordinary shareholders concerned, to
participating certificated ordinary shareholders on or
about
Notes to the timetable:
All times given in this announcement are local times in South Africa.
20 May 2011
Johannesburg
Sponsor to Mvela Resources
J.P. Morgan
Date: 20/05/2011 15:27:01 Produced by the JSE SENS Department.
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