Palabora - Conversion Of Debentures Into Ordinary Shares
Palabora Mining Company Limited
(Incorporated in the Republic of South Africa)
Registration number 1956/002134/06
JSE code: PAMD
ISIN: ZAE000048633
(`the Company`)
CONVERSION OF FLOATING RATE PARTIALLY SUBORDINATED UNSECURED REDEEMABLE
CONVERTIBLE DEBENTURES (`DEBENTURES`) INTO ORDINARY SHARES IN THE COMPANY
Debenture holders are advised that they may now convert their debentures into
ordinary shares in the Company, provided the relevant notice period of not less
than 42 calendar days nor more than 60 calendar days is given and that a
conversion date is at least 15 days prior to the final maturity date (i.e. 18
September 2006). A notice in this regard has been sent to all debenture holders
by the Company.
Dematerialised debenture holders who wish to convert some or all of their
debentures into ordinary shares in the Company must complete the Form of
Instruction attached to the aforementioned notice and submit same to their CSDP
or broker for actioning.
Certificated debenture holders who wish to convert some or all of their
debentures into ordinary shares in the Company must complete the Form of
Surrender attached to the aforementioned notice and submit same, together with
their documents of title, to the Company`s transfer secretaries, Computershare
Investor Services 2004 (Pty) Limited.
Copies of the Form of Instruction and the Form of Surrender may be obtained from
Computershare Investor Services 2004 (Pty) Limited (Contact either: Shireen
Hendricks (011) 370 7971 or Paul Matshiqui (011) 370 5174).
Debenture holders should note that:
* The conversion rate is one debenture : 33.33333 ordinary shares;
* A conversion notice is irrevocable;
* No conversions may take place between the declaration date and the last day
to trade pursuant to any corporate actions undertaken by the Company; and
* A conversion notice may not be given once a redemption notice has been
issued by the Company.
PHALABORWA
21 September 2005
Sponsor:
Barnard Jacobs Mellet Corporate Finance
(Pty) Limited
Date: 21/09/2005 11:11:32 AM
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