Merafe - Proposed claw-back offer to Merafe shareh
Merafe - Proposed claw-back offer to Merafe shareholders
Merafe Resources Limited
(formerly South African Chrome and Alloys Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1987/003452/06)
Share code: MRF & ISIN: ZAE000060000
("Merafe")
PROPOSED CLAW-BACK OFFER TO MERAFE SHAREHOLDERS
Merafe proposes to undertake a renounceable claw-back offer to shareholders of
approximately R550 million to fund, inter alia, the Wonderkop acquisition and
its participation in Project Lion as previously announced on 10 August 2005.
The claw-back offer is conditional upon approval by the JSE Limited ("the JSE")
and registration by the Registrar of Companies of the necessary documentation
relating to the claw-back offer.
A detailed finalisation announcement setting out the key terms and dates of the
proposed claw-back offer will be released on SENS and published in the press in
due course.
Johannesburg
30 September 2005
Investment bank and transactional sponsor
Nedbank Capital, a division of Nedbank Group Limited
Sponsor
Absa
Date: 30/09/2005 12:41:02 PM Produced by the JSE SENS Department
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