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M-CELL - RIGHTS OFFER OF 64 227 405 ORDINARY SHARES

Release Date: 22/07/1998 07:59
Code(s): MCE
Wrap Text
M-CELL LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 94/09584/06)
(M-CELL)

RIGHTS OFFER OF 64 227 405 NEW ORDINARY SHARES AT A PRICE OF 925 CENTS PER SHAR INTRODUCTION
FURTHER TO THE ANNOUNCEMENTS DATED 10 JULY 1998 AND 20 JULY 1998, IT IS HEREBY ANNOUNCED THAT THE COMMITTEE OF THE JOHANNESBURG STOCK EXCHANGE HAS GRANTED A LISTING FOR:
- THE RENOUNCEABLE (NIL PAID) LETTERS OF ALLOCATION ("LETTERS OF ALLOCATION") TO BE ISSUED IN TERMS OF THE RIGHTS OFFER, AND
- THE 64 227 405 NEW ORDINARY SHARES TO BE ISSUED IN TERMS OF THE RIGHTS OFFER. SALIENT DATES
1998
LAST DAY TO REGISTER IN ORDER TO PARTICIPATE IN THE
RIGHTS OFFER (BY 16:00) FRIDAY 24 JULY LISTING OF LETTERS OF ALLOCATION COMMENCES (AT 09:30) MONDAY 27 JULY EXISTING SHARES COMMENCE TRADING EX-RIGHTS MONDAY 27 JULY RIGHTS OFFER OPENS (AT 09:30) FRIDAY 31 JULY LAST DAY FOR DEALING IN LETTERS OF ALLOCATION (BY 16:00) WEDNESDAY 19 AUGUST LISTING OF NEW ORDINARY SHARES COMMENCES (AT 09:30) THURSDAY 20 AUGUST LAST DAY FOR SPLITTING LETTERS OF ALLOCATION (BY 14:30) THURSDAY 20 AUGUST RIGHTS OFFER CLOSES - PAYMENTS TO BE MADE AND LETTERS OF ALLOCATION
LODGED (BY 14:30) FRIDAY 21 AUGUST LAST DAY FOR RECEIPT OF POSTAL ACCEPTANCES (BY 12:00), SUBJECT TO THE
ENVELOPE BEING POST-MARKED NOT LATER THAN 21 AUGUST 1998 WEDNESDAY 26 AUGUST NEW ORDINARY SHARE CERTIFICATES POSTED ON OR BEFORE FRIDAY 28 AUGUST DESPATCH AND INSPECTION OF DOCUMENTS
COPIES OF THE LETTER OF ALLOCATION AND THE ACCOMPANYING CIRCULAR GIVING FULL DETAILS OF THE RIGHTS OFFER WILL BE POSTED TO THOSE SHAREHOLDERS OF M-CELL ENTITLED THERETO ON 31 JULY 1998.
COPIES OF THE AFOREMENTIONED DOCUMENTS WILL BE AVAILABLE IN ENGLISH AND AFRIKAANS AND MAY BE INSPECTED AT ANY OF THE FOLLOWING ADDRESSES FROM THE COMMENCEMENT OF BUSINESS ON 24 JULY 1998: -M-CELL LIMITED, 251 OAK AVENUE, RANDBURG
-STANDARD CORPORATE AND MERCHANT BANK, GROUND FLOOR, 3 SIMMONDS STREET, JOHANNESBURG. JOHANNESBURG 22 JULY 1998

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