Mobile - Correction to annual report disclosure on convertible debentures
MOBILE INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration no 1968/014997/06)
Share Codes: ISIN:
MOB ZAE000004602
MBN ZAE000012274
MOBD ZAE000004610
(`Mobile`)
CORRECTION TO ANNUAL REPORT DISCLOSURE ON CONVERTIBLE DEBENTURES
Holders of securities are referred to an error in note 9 on page 79 of the 2004
Mobile annual report, where it is stated that the debentures will be
automatically converted into shares in the financial year following the
financial year in respect of which the total dividend declared in cents per
share is equal to or exceeds 13,5 cents. This figure should in fact be 4,5
cents.
Accordingly, the paragraph should read as follows:
`The debentures bear interest at 6% p.a. payable in arrears in June and
December. The debentures will be automatically converted into shares on the
basis of one ordinary share and two `N` ordinary shares for each debenture
converted on the last Friday of the fifth month of the financial year following
the financial year in respect of which the total dividend declared in cents per
share is equal to or exceeds 4,5 cents.`
Cape Town
22 April 2005
www.mobile-industries.net
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
CORPORATE FINANCE
Date: 22/04/2005 03:45:02 PM
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