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MVG / MVGP - Mvelaphanda Group - Adjustment to the Convertible Preference

Release Date: 04/12/2008 09:56
Code(s): MVG MVGP
Wrap Text

MVG / MVGP - Mvelaphanda Group - Adjustment to the Convertible Preference       
                                  Shares Conversion Price                       
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")                                                                 
Adjustment to the Convertible Preference Shares Conversion Price                
Mvela Group announces that the conversion price of each convertible perpetual   
cumulative preference share has been adjusted from R9,53 to R9,31 per share in  
respect of the year ended 30 June 2008. The adjustment has been necessitated by 
the capital distributions and cash distribution made in the 2008 financial year.
The adjustment became effective on 28 November 2008.                            
Sandton                                                                         
04 December 2008                                                                
Sponsor                                                                         
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 04/12/2008 09:56:01 Supplied by www.sharenet.co.za                     
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