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M-CELL - PROPOSED RIGHTS OFFER AND NOTICE OF LAST DAY TO REGISTER

Release Date: 10/07/1998 08:02
Code(s): MCE
Wrap Text
M-CELL LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 94/09584/06)
("M-CELL")

PROPOSED RIGHTS OFFER TO SHAREHOLDERS AND NOTICE OF LAST DAY TO REGISTER PROPOSED RIGHTS OFFER
THE BOARD OF DIRECTORS OF M-CELL HAS RESOLVED TO RAISE APPROXIMATELY R600 MILLION BY WAY OF A RIGHTS OFFER ("THE RIGHTS OFFER") OF NEW ORDINARY SHARES OF 0,01 CENT EACH, SUBJECT TO THE REQUIRED APPROVALS OF THE JOHANNESBURG STOCK EXCHANGE AND THE REGISTRAR OF COMPANIES. PURPOSE OF THE RIGHTS OFFER
THE PURPOSE OF THE RIGHTS OFFER IS TO RAISE CAPITAL TO ENABLE M-CELL TO ACQUIRE A FURTHER 5,2% SHAREHOLDING IN MOBILE TELEPHONE NETWORKS HOLDINGS (PROPRIETARY) LIMITED. NOTICE OF LAST DAY TO REGISTER
THE LAST DAY TO REGISTER FOR THE RIGHTS OFFER WILL BE AT THE CLOSE OF BUSINESS ON FRIDAY 24 JULY 1998. JOHANNESBURG 10 JULY 1998

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