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MATODZI RESOURCES LIMITED - IMPLEMENTATION AND RESULT OF THE ODD-LOT OFFER
MATODZI RESOURCES limited
(PREVIOUSLY NEW MINING CORPORATION LIMITED)
INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA
(REGISTRATION NUMBER 1933/004523/06)
SHARE CODE: MTZ ISIN: ZAE000042412
("MATODZI" OR "THE COMPANY")
IMPLEMENTATION AND RESULT OF THE ODD-LOT OFFER
1. IMPLEMENTATION OF THE ODD-LOT OFFER
Shareholders are advised that the odd-lot offer to shareholders who held
fewer than 500 shares in Matodzi at the close of business on Friday, 8 November
2002 ("odd-lot holdings") has been duly implemented.
2. RESULT OF THE ODD-LOT OFFER
The total number of shares made available by those shareholders who elected to
sell their odd-lot holdings and by those who failed to make an election (426 369
shares), exceeded the total number of shares required by shareholders who
elected to purchase sufficient additional shares to increase their odd-lot
holdings to holdings of 500 shares (15 939 shares).
Accordingly, Matodzi has repurchased, in terms of a specific authority granted
at the general meeting of the company held on Wednesday, 23 October 2002, the
balance of 410 430 shares at 31 cents per share (being the offer price per
share) for a total consideration of R127 623,07, including transfer duty. These
shares will be cancelled, delisted and revert to unissued authorised share
capital.
3. ODD-LOT HOLDERS WHO HOLD CERTIFICATED SHARES
In respect of those odd-lot holders who hold certificated shares and elected to
purchase additional shares, new share certificates (if requested) were posted,
against surrender of existing documents of title, on Monday, 11 November 2002.
In respect of the sale of odd-lot holdings cheques were posted or electronic
banking transfers effected to the relevant odd-lot holders on Monday, 11
November 2002, at the risk of such odd-lot holders and against surrender of
their relevant documents of title.
All odd-lot holders who elected to sell their odd-lot holdings or who failed to
make an election and who have not submitted their relevant documents of title to
Computershare Investor Services Limited, Ground Floor, 70 Marshall Street,
Johannesburg 2001 (PO Box 7184, Johannesburg 2000), are reminded to do so in
order for their payments to be effected.
4. ODD-LOT HOLDERS WHO HOLD DEMATERIALISED SHARES
Any movement in the number of shares held and amounts payable/receivable by an
odd-lot holder who has dematerialised his/her shares, as a result of the
implementation of the odd-lot offer, has been recorded and debited/credited in
the odd-lot holder`s account with the Central Securities Depository Participant
or broker selected by that odd-lot holder on Monday, 11 November 2002.
Johannesburg
11 November 2002
Corporate Sponsor Reporting Attorneys
adviser Accountants
RIVER
PSG Capital River Sponsor CHARLES ORBACH &
Limited Services (Pty) COMPANY
(Registration Ltd
number (Registration
2002/017362/06) Number
2000/025913/07)
Date: 11/11/2002 04:50:00 PM Produced by the JSE SENS Department
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