PAM PAMD
PAM
Palabora Mining Company Limited - Debentures
Palabora Mining Company Limited
(Incorporated in the Republic of South Africa)
Registration number - 1956/002134/06
JSE Code: PAMD ISIN: ZAE000048633
("Palabora" or "the Company")
NOTICE RELATING TO THE CONVERSION OF THE FLOATING RATE PARTIALLY SUBORDINATED
UNSECURED REDEEMABLE CONVERTIBLE DEBENTURES ("DEBENTURES")
On 13 July 2006, the Company announced on SENS that debenture holders had until
Friday, 21 July 2006 to issue a conversion notice to convert their debentures
into ordinary shares in the Company. Up until that date, 53,018 debentures had
been converted resulting in the issue of 1,767,267 ordinary shares and a further
89,798 and 458,394 debentures will be converted during August and September
2006, respectively.
In total, 601,210 debentures will be converted resulting in the issue of
20,040,337 ordinary shares. In compliance with the Terms and Conditions of the
Debentures, Palabora is required to redeem the remaining debentures on the Final
Maturity Date, i.e. 18 September 2006. Accordingly, the debentures will be
redeemed at their principal amount (i.e. ZAR1 000 per debenture) plus interest.
A final interest payment in respect of the remaining debentures will be
calculated from 20 March 2006 to but excluding 18 September 2006.
A notice of interest payment will be issued on or about 3 August 2006.
Phalaborwa
25 July 2006
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 25/07/2006 10:02:04 AM Produced by the JSE SENS Department
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