Kroondal Platinum Mines - Reduction Of Share Premi
KROONDAL PLATINUM MINES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1977/002213/06)
("KPM" OR "the Company")
Reduction of share premium
KPM shareholders are advised that KPM currently holds cash which is in excess
of the wants of the Company. KPM wishes, pursuant to article 34.1 of its
articles of association, to return such surplus to shareholders by way of a
reduction of KPM's share premium account in an amount of R6,00 per issued KPM
share. Such reduction is to be effected by way of special resolution approved
by the requisite majority of KPM shareholders in general meeting and registered
by the Registrar of Companies.
Subsequent to the passing and registration of the special resolution KPM will
refund an amount of R6,00 per share in cash to its shareholders ("cash
distribution"). The cash distribution will only affect the share premium
account of KPM which will be reduced from R329 703 016 to R362 032.
Notice is hereby given that shareholders registered at the close of business on
Friday, 1 June 2001 will be entitled to receive the aforesaid cash
distribution. All trading during the week ending Friday, 1 June 2001 will be
for immediate settlement.
A circular setting out further details regarding the cash distribution will be
posted to KPM shareholders on or about 7 May 2001.
Cheques in payment of the cash distribution will be posted to KPM shareholders
on or about 8 June 2001.
Pretoria
3 May 2001
Sponsor
HSBC
Attorneys
Webber Wentzel Bowens
Reporting accountants
KPMG
Registered Chartered Accountants (SA)
(Registration number 1999/021543/21)
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