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TSX/THX - Trans Hex Group Limited - Compulsory conversion of debentures and

Release Date: 13/03/2008 15:26
Code(s): TSX
Wrap Text

TSX/THX - Trans Hex Group Limited - Compulsory conversion of debentures and issue of ordinary shares to Mvelaphanda Resources Limited (Mvela Resources) Trans Hex Group Limited Incorporated in the Republic of South Africa (Registration number 1963/007579/06) Share code JSE: TSX and NSX: THX ISIN: ZAE000018552 ("Trans Hex" or "the Group") COMPULSORY CONVERSION OF DEBENTURES AND ISSUE OF ORDINARY SHARES TO MVELAPHANDA RESOURCES LIMITED (MVELA RESOURCES) Shareholders are referred to the circular posted to shareholders on 22 October 2001 regarding the creation of 16 million unsecured 13,5% participating compulsorily convertible debentures and a specific issue of the debentures to Mvelaphanda Diamonds (Propriety) Limited ("the circular), which was approved by shareholders on 13 November 2001, with the Debentures having been issued on 5 March 2002 at R9,50. Shareholders are hereby informed that the 16 million debentures became finally due for conversion into ordinary shares on a one for one basis, on 5 March 2008. The JSE has accordingly granted an application for the listing of 16 million ordinary Trans Hex shares at a price of R9,50 per ordinary share, which shares have been allotted to Mvela Resources effective 13 March 2008. The present authorised and issued share capital of the company is as follows: Present authorised share capital R`000 300 000 000 ordinary shares of no par value Present issued share capital 90 051 275 ordinary shares of no par value 210 240
The issued share capital of the company after the issue of the shares which are the subject of this application: Issued share capital after the issue in terms of this application 106 051 275 ordinary shares of no par value Ends 13 March 2008 FOR FURTHER INFORMATION PLEASE CONTACT: Trans Hex Group Limited George Zacharias Telephone 021 937 2011 Mobile 082 418 3000 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Namibian Sponsor IJG CORPORATE FINANCE (PTY) LTD Date: 13/03/2008 15:26:47 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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