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M-CELL - RESULTS OF RIGHTS OFFER

Release Date: 28/08/1998 08:03
Code(s): MCE
Wrap Text
M-CELL LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 94/09584/06)

RESULT OF THE RIGHTS OFFER OF 64 227 405 NEW ORDINARY SHARES AT A PRICE OF 925 CENTS PER SHARE
IT IS HEREBY ANNOUNCED THAT 54 181 356 NEW ORDINARY SHARES, CONSTITUTING 84,4% OF THE NEW ORDINARY SHARES OFFERED IN TERMS OF THE RIGHTS OFFER, HAVE BEEN SUBSCRIBED FOR BY THE SHAREHOLDERS OF M-CELL OR THEIR RENOUNCEES.
THE BALANCE OF THE RIGHTS OFFER HAS BEEN TAKEN UP BY THE UNDERWRITERS. SHARE CERTIFICATES IN RESPECT OF THE NEW ORDINARY SHARES WILL BE POSTED TO SHAREHOLDERS TODAY. JOHANNESBURG 28 AUGUST 1998

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