SENTULA MINING LIMITED - Update on the Disposal of the Megacube Assets
SNU 201304020048A
Update on the Disposal of the Megacube Assets
SENTULA MINING LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1992/001973/06)
Share code: SNU ISIN: ZAE000107223
(“Sentula” or “the Company”)
UPDATE ON THE DISPOSAL OF THE MEGACUBE ASSETS
Shareholders are referred to the announcements released on SENS on 8 January 2013, 18 January 2013,
15 February 2013 and 19 March 2013 and using the terms defined therein unless otherwise stated, are
advised that the Auction, which commenced on Wednesday, 27 March 2013, has been completed and
consequently, the Gross Proceeds (being the actual sale price (excluding VAT) in respect of each item of
Equipment (or part thereof) achieved at the Auction) have been determined. The Gross Proceeds achieved
at the Auction amount to R118.7 million.
As the final costs of the Auction, including the commission and marketing fee (being the fee payable to the
Auctioneer for services rendered in relation to the Auction) and the management fee (being the fee which
Megacube undertakes to pay the Auctioneer for the repair and refurbishment activities included in the Refurb
Schedule) are still being finalised, an update on the pro forma financial effects of the Disposal on the
reported financial information of Sentula released on SENS on 15 February 2013 and incorporated in the
Circular dated 18 February 2013, will be provided to shareholders in due course.
Johannesburg
2 April 2013
Sponsor
Merchantec Capital
Legal advisors
Cliffe Dekker Hofmeyr Inc.
Auditors and reporting accountants
PricewaterhouseCoopers Inc.
IR Advisors
College Hill
Date: 02/04/2013 04:09:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
