| Thu 24 Oct 2002, 9:27 | | Nmc - Results Of The General Meeting |
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NMC - Results of The General Meeting
NEW MINING CORPORATION LIMITED
(the name of which is proposed to change to Matodzi Resources Limited)
Incorporated in the Republic of South Africa
(Registration number 1933/004523/06)
Share code: NEW ISIN: ZAE000017430
("NMC" or "the company")
* RESULTS OF GENERAL MEETING; AND
* REMAINING SALIENT DATES
1. RESULTS OF THE GENERAL MEETING
1.1 PSG Investment Bank Limited is authorised to announce that, at the general
meeting of the company held at 10:00 on Wednesday, 23 October 2002, the relevant
ordinary and special resolutions were passed by the requisite majority of NMC
shareholders to approve:
- the acquisition by NMC of an additional 7,3% interest in JCI Limited
("JCI");
- the disposal by NMC of certain non-mining assets to JCI;
- the implementation of an odd-lot offer ("the odd-lot offer"); and
- the change of NMC`s name to Matodzi Resources Limited ("the name change").
1.2 All special resolutions passed at the general meeting have been submitted to
the Registrar of Companies for registration. Upon such registration, all
conditions precedent to which the abovementioned transactions and corporate
events were subject, will be fulfilled.
2. REMINDER OF REMAINING SALIENT DATES
The remaining salient dates to the implementation of the odd-lot offer and
the name change are set out below:
2002
Last day to trade in order to participate
in the odd-lot offer Friday, 1 November
Last day to trade in NMC shares under old name Friday, 1 November
Amendment of listing for the name change under
the abbreviated name "Matodzi" in the
Resources: Mining - "Mining Finance"
sector of the JSE Securities Exchange
South Africa ("JSE") list with effect
from the commencement of business Monday, 4 November
Trading in new name commences Monday, 4 November
Election period for the odd-lot offer closes at 16:00 Friday, 8 November
Form of election for the odd-lot offer to be
received by 16:00 Friday, 8 November
Form of surrender for the name change to be
received by 16:00 Friday, 8 November
Record date to determine those shareholders entitled
to participate in the odd-lot offer at the close
of business Friday, 8 November
Implementation of the odd-lot offer takes effect
after close of business Friday, 8 November
Dematerialised shareholders will have their safe
custody accounts with their Central Securities
Depository Participant ("CSDP") or broker updated
with the new name Monday, 11 November
In respect of certificated shareholders, if existing
share certificates are surrendered together with
surrender forms on or before the close of business
on the record date, new share certificates reflecting
the new name will be despatched to such shareholders
by registered post or first class mail (to
United Kingdom shareholders) at such shareholders`
risk or will be available for collection from the
transfer secretaries Monday, 11 November
If documents of title are received after close of
business on the record date, new share certificates
reflecting the new name will be despatched by
registered post to certificated shareholders at
such shareholders` risk within five business days
of receipt or will be made available for collection
after five business days of receipt, as the case may be.
Dematerialised odd-lot holders will have their safe
custody accounts at their CSDP or broker credited/debited
and updated in respect of the sale or purchase of
odd-lot holdings Monday, 11 November
In respect of the sale or purchase of odd-lot holdings
by certificated odd-lot holders, cheques or
share certificates posted Monday, 11 November
Notes:
1. The effective date of the name change on the JSE lists will be Monday, 4
November 2002. NMC share certificates (in old name) may not be dematerialised or
re-materialised after Friday, 1 November 2002 but must still be surrendered in
exchange for share certificates reflecting the new name of the company.
2. Dematerialised shareholders are advised to notify their duly appointed CSDP
or broker of their election in terms of the odd-lot offer in the manner and time
stipulated in the agreement governing the relationship between such shareholders
and their CSDP or broker.
3. FORMS OF SURRENDER
A form of election and surrender in respect of the odd-lot offer and a form of
surrender in respect of the name change were contained in the circular to
shareholders dated 1 October 2002. Copies of these forms, under cover of a copy
of this announcement, for use by shareholders who have not yet completed same
and are not in possession of these forms, will be posted to NMC shareholders on
Friday, 25 October 2002.
Johannesburg
24 October 2002
Investment bank
PSG Investment Bank
Sponsor
River Sponsors (Pty) Ltd
(Registration number 2000/025913/07)
Attorneys
Tabacks
Reporting accountants
Charles Orbach & Company
Chartered Accountants (SA) Registered Accountants & Auditors
Date: 24/10/2002 08:06:12 AM Produced by the JSE SENS Department
