Mvelaphanda Group Limited - Company Announcement
MVELAPHANDA GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1995/004153/06)
Ordinary share code: MVG
Preference share code: MVGP
Ordinary share ISIN: ZAE000060737
Preference share ISIN: ZAE000073540
("Mvela Group")
Fulfilment of the conditions precedent to, and implementation of, the
acquisition of a further 24.7% effective interest in Batho Bonke Capital
(Proprietary) Limited ("the Batho Bonke acquisition")
Further to the announcements dated 28 September 2005 and 30 November 2005, Mvela
Group is pleased to announce that all of the conditions precedent to the Batho
Bonke acquisition have been fulfilled. Accordingly, the Batho Bonke acquisition
has become unconditional and will be implemented.
Mvela Group has, on 21 December 2005, issued 33 897 188 new Mvela Group ordinary
shares in partial settlement of the purchase consideration in terms of the Batho
Bonke acquisition.
Sandton
21 December 2005
Transaction Sponsor Lead Sponsor
Standard Bank Deutsche Securities
Date: 21/12/2005 04:13:12 PM Produced by the JSE SENS Department
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