| Fri 15 Apr 2005, 15:47 | | CREST OPERATIONAL BULLETIN NO. 986 |
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Metorex Limited - LSE CREST OPERATIONAL BULLETIN NO. 986 - `Metorex Limited`
METOREX LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1934/005478/06)
Share code: MTX
ISIN : ZAE000022745
Issuer code: MEMTX
Press Releases - 2005
Thursday, 14 April
LSE CREST OPERATIONAL BULLETIN NO. 986 - `Metorex Limited`
Announcement - Thursday 14 April 2005 : 17h00 CAT
Shareholders attention is drawn to the Operational bulletin No. 986 as published
by CRESTCo on 12 April 2005 entitled `Metorex Limited (the Company)`, which
reads as follows:
`Metorex Limited (the `Company`)
With effect from 25 April 2005, CREST members will be able to hold and transfer
interest in the company`s ordinary shares of 10 South African cents each (`the
Shares`) (ISIN number ZAE000022745) within CREST, pursuant to a depositary
interest arrangement established by the Company, which is incorporated in the
Republic of South Africa.
The Shares will not themselves be admitted to CREST; rather the Company has
arranged for Capita IRG Trustees Limited (`Capita`) to issue depositary interest
in respect of the underlying Shares (`the Depositary Interests`). These
Depositary Interests may be held and transferred within CREST. The depositary
interests will be created and issued pursuant to a Deed Poll executed by Capita
under English law, copies of which are available from it, and the provision of
the Deed Poll are expressed to bind all holders future and present.
In CREST, the Depositary Interest will carry the same ISIN as the Share. It
will, of course, remain open to members, should they wish to do so, to continue
to hold Shares in the Company as they do now and make use of the residual
settlement mechanism.
If CREST members wish to avail themselves of this facility, they can do so by
inputting a stock in the usual way. The Company has informed CRESTCo that (1) a
CREST transfer form or dematerialisation form lodged as a stock deposit will be
deemed to constitute a transfer of the shares to Capita, who will issue
corresponding Depositary Interests in CREST to the depositing member/transferee;
and (2) in a similar way, a stock withdrawal will be deemed to constitute an
instruction to Capita to cancel the Depositary Interest and effect a transfer of
the Shares to the person specified in the instruction.
Transfers of the Depositary Interests will be subject to SDRT. This is because
the Depositary Interests do not meet all the criteria set out for the SDRT
exemption granted in Statutory Instrument 1999 No. 2383 (as amended) (The Stamp
Duty Reserve Tax (UK Depositary Interests in Foreign Securities) Regulations
1999.
Any enquiries concerning the contents of this bulletin should be addressed to
the CREST Co Customer Support Desk on +434 (0) 845 9645 648. Calls to CREST may
be monitored and recorded for security purposes. Calls from the UK will be
charged oat local rates. Call charges from mobile phones may vary depending upon
provider.`
For further information, please contact:
CHARLES NEEDHAM AS MALONE
Financial Director, Metorex Limited Executive Chairman, Metorex Limited
or visit our website at www.metorexgroup.com.
Metorex Limited, PO Box 2814, Saxonwold, 2132, South Africa.
Tel: +27 11 880 3155, Fax: +27 11 880 3322, e-mail: ir@metorexgroup.com
