Merafe Resources Limited - Results of the fully un
Merafe Resources Limited - Results of the fully underwritten renounceable rights
offer
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")
Results of the fully underwritten renounceable rights offer
Introduction
It was announced on SENS on Friday, 7 October 2005 that Merafe would proceed
with a fully underwritten renounceable rights offer ("the rights offer"). Merafe
undertook the rights offer in order to raise R553 981 968 by offering for
subscription 1 007 239 942 Merafe shares ("offer shares") to Merafe shareholders
or their renouncees at 55 cents per offer share in the ratio of 813 offer shares
for every 1 000 Merafe shares held on the record date for the rights offer.
Merafe shareholders were not entitled to apply for a greater number of offer
shares than those offered to them in terms of the rights offer.
Results of the rights offer
The results of the rights offer, which closed at 12:00 on Friday, 11 November
2005, are set out below:
Offer shares % of
offer
shares
Offer shares subscribed for in terms of 939,105,349 93.2%
the rights offer
Offer shares subscribed for by the 68,134,593 6.8%
underwriters in terms of their
underwriting commitments
Total offer shares available for 1,007,239,942 100%
subscription in terms of the rights offer
The safe custody accounts of dematerialised shareholders, or their renouncees,
who have followed their rights, will be updated and accounts debited by their
CSDP or broker, and certificates will be posted to certificated shareholders on
or about Monday, 14 November 2005.
14 November 2005
Johannesburg
Investment bank and transactional sponsor
Nedbank Capital, a division of Nedbank Limited
Sponsor
ABSA
Corporate and Merchant Bank
Corporate Finance
Date: 14/11/2005 07:30:03 AM Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
