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JSE
JSE
Eland Platinum Holdings Limited - Results of the private placing
Eland Platinum Holdings Limited
(formerly Nungu Trading 500 Limited)
(Incorporated in South Africa)
(Registration number 2005/029957/06)
(JSE code: ELD & ISIN: ZAE000078655)
("Eland Platinum" or "the Company")
Results of the private placing
Further to the SENS announcements of Tuesday, 14 March 2006 and Thursday, 16
March 2006, which set out the terms under which Eland Platinum would privately
place up to 25 000 000 Eland Platinum ordinary shares ("placing shares"), it is
hereby advised that the JSE Limited ("JSE") has approved the listing, of the
entire issued share capital of Eland Platinum with effect from the start of
trading on the JSE on Wednesday, 29 March 2006.
The Company"s issued share capital will comprise of 63 724 084 Eland Platinum
ordinary shares of R0.01 each, and will list in the Resources "Mining - Platinum
and Precious Metals" sector of the JSE under the abbreviated name "Eland".
Nedbank Capital, a division of Nedbank Limited ("Nedbank Capital") is authorised
to inform invited institutional investors; clients of BoE Stockbrokers, PSG
Online and Sasfin Frankel Pollak; and invited retail investors as follows:
1. Results of the private placing
3 265 applications were received for a total of 110 934 044 placing shares.
In total, 25 000 000 placing shares will be issued in terms of the private
placing. The private placing was accordingly 4.44 times oversubscribed.
2. Basis of allocation
The allocation of placing shares, which was carried out in terms of
paragraph 17.8 of the prospectus is as follows:
Placing shares applied for Percentage
allocation
First 1 000 placing shares 100%
Subsequent 1 001 to 5 000 placing shares 22.98%
Subsequent 5 001 to 1 000 000 placing 22.54%
shares
Subsequent amounts greater than 1 000 001 10%
placing shares
Note: Notwithstanding that certain HDP investors have been given
preferential allocations, the number of shares allocated pursuant
thereto are not material, and should not materially affect the
allocation process described above.
The final allocations have been sent to the respective CSDPs concerned for
their confirmation.
3. Shareholder spread
In accordance with the Listings Requirements of the JSE, the Lead Sponsor
has confirmed to the JSE that the requisite shareholder spread will be in
place on the commencement of the listing.
The prospectus can be downloaded from the Company"s website
www.elandplats.com
Investment bank, financial adviser, underwriter, stabilising agent and
joint sponsor
Nedbank Capital
Attorneys to Eland Platinum
Routledges Modise Moss Morris
Competent person
RSG
Independent reporting accountants and auditors
KPMG Inc
Lead sponsor
PricewaterhouseCoopers
Commercial bankers
Nedbank Limited
Attorneys to Nedbank Capital
Cliffe Dekker
Johannesburg
Monday, 27 March 2006
Date: 27/03/2006 04:25:03 PM Produced by the JSE SENS Department
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