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MVL/NHM - Mvela Resources/Northam - Finalisation information and revised
salient dates and times
Mvelaphanda Resources Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1980/001395/06)
Share Code: MVL
ISIN: ZAE000050266
("Mvela Resources" or "the Company")
Northam Platinum Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1977/003282/06)
Share Code: NHM
ISIN: ZAE000030912
("Northam")
FINALISATION INFORMATION
FINALISATION INFORMATION AND REVISED SALIENT DATES AND TIMES IN RESPECT OF THE
PROPOSED DISTRIBUTION OF 181 980 981 NORTHAM ORDINARY SHARES TO MVELA
RESOURCES ORDINARY SHAREHOLDERS ("Northam distribution"), THE PROPOSED
SPECIFIC REPURCHASE OF 35 000 000 MVELA RESOURCES `A` ORDINARY SHARES ("the
repurchase") AND THE PROPOSED ACQUISITION BY NORTHAM OF THE ENTIRE ISSUED
ORDINARY SHARE CAPITAL OF MVELA RESOURCES ("the scheme") AFTER THE
IMPLEMENTATION OF THE NORTHAM DISTRIBUTION AND THE REPURCHASE ("the proposed
transactions")
Further to the announcement of 29 March 2011 regarding the proposed
transactions, the Registrar of Companies has registered the following in terms
of the Companies Act, 1973 (as amended):
- the special resolutions to give effect to the Northam distribution and
the repurchase; and
- the order of the Court sanctioning the scheme.
Accordingly all of the conditions precedent to the Northam distribution have
now been fulfilled and the Northam distribution can now be implemented. Save
for the implementation of the Northam distribution, all of the conditions
precedent to the scheme have also been fulfilled. The salient dates and times
for the implementation of the Northam distribution and the scheme are revised
as set out below.
The Revised Salient Dates and Times
(words and expressions in the revised salient dates and times below shall have
the same meanings as assigned to them in the circular to Mvela Resources
shareholders, dated 18 February 2011)
a. The salient dates and times for the Northam distribution:
2011
Last day to trade in Mvela Resources ordinary Thursday, 14 April
shares on the JSE Exchange in order to
participate in the Northam distribution
Mvela Resources ordinary shares trade "ex" the Friday, 15 April
entitlement to the Northam distribution shares
from commencement of business on
Date on which trade in the Northam distribution Friday, 15 April
shares commences
Northam distribution participation record date, Thursday, 21 April
at close of business on
Northam distribution implementation date Tuesday, 26 April
Date on which participating dematerialised Tuesday, 26 April
ordinary shareholders will have their accounts
at their participant or broker updated with the
Northam distribution shares on
Date on which share certificates in respect of Tuesday, 26 April
the Northam distribution shares will be posted,
by registered post, at the risk of the
participating certificated ordinary
shareholders concerned, to participating
certificated ordinary shareholders on or about
b. The salient dates and times for the scheme and the delisting of Mvela
Resources ordinary shares:
2011
Last day to trade in Mvela Resources ordinary Friday, 27 May
shares on the JSE Exchange in order to be
recorded in the Mvela Resources register on
the scheme consideration record date on
Date of suspension of listing of Mvela Monday, 30 May
Resources ordinary shares on the JSE Exchange
at commencement of trading on
Date on which trade in the scheme Monday, 30 May
consideration shares commences
Scheme consideration record date, at close of Friday, 3 June
business on
Operative date of the scheme Monday, 6 June
Date on which dematerialised scheme Monday, 6 June
participants will have their accounts at their
participant or broker updated with the scheme
consideration
Date on which share certificates in respect of Monday, 6 June
the scheme consideration will be posted, by
registered post, at the risk of the
certificated scheme participants, to
certificated scheme participants(see notes 2
and 3 below)
Date of termination of listing of Mvela Monday, 6 June
Resources ordinary shares on the JSE Exchange
at the commencement of trading on
Notes:
1. All times given in this announcement are local times in South Africa.
2. If certificated scheme participants surrender their documents of title
(together with the duly completed form of surrender and transfer) after
12:00 on the date on which the scheme consideration record date falls,
the share certificate in respect of the scheme consideration will be
posted to them by the transfer secretaries within 5 business days of
receipt of the documents of title and duly completed form of surrender
and transfer.
3. Mvela Resources ordinary shares may not be dematerialised or
rematerialised between Friday 15 April 2011 and Thursday 21 April 2011
both days inclusive and after Friday, 27 May 2011.
7 April 2011
Johannesburg
Sponsor for Mvela Resources
J.P. Morgan Equities Limited
Sponsor for Northam Platinum
One Capital
Date: 07/04/2011 12:00:01 Supplied by www.sharenet.co.za
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