Mvelaphanda Group Limited - Issue Of A Further 2 7
Mvelaphanda Group Limited - Issue Of A Further 2 700 000 Convertible, Perpetual,
Cumulative Preference Shares
MVELAPHANDA GROUP LIMITED
(formerly Rebserve Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1995/004153/06)
Ordinary share code: MVG ISIN: ZAE000060737
Preference share code: MVGP ISIN: ZAE000073540
("Mvela")
ISSUE OF A FURTHER 2 700 000 CONVERTIBLE, PERPETUAL, CUMULATIVE
PREFERENCE SHARES
Mvela is pleased to announce that, further to the announcement dated 3 November
2005 and the issue of 52 000 000 convertible, perpetual, cumulative preference
shares ("preference shares") by way of a private placement on 4 November 2005
("the private placement"), The Standard Bank of South Africa Limited ("Standard
Bank") has exercised the option ("the option") granted to Standard Bank in its
capacity as the underwriter to the private placement, and will subscribe for 2
700 000 preference shares ("the new preference shares") at an issue price of R10
per preference share. The new preference shares will rank pari passu with the
existing 52 million issued preference shares.
The exercise of the option will result in an increase in the number of issued
preference shares from 52 000 000 to 54 700 000 and an increase in the total
capital raised from R520 million (before expenses) to R547 million (before
expenses). The new preference shares will be listed on the JSE Limited on or
about Friday, 9 December 2005.
Lead manager and transaction Lead sponsor
sponsor
STANDARD BANK DEUTSCHE BANK
Sandton
5 December 2005
Date: 05/12/2005 05:12:17 PM Produced by the JSE SENS Department
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