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MUR - Murray & Roberts Holdings Limited - Announcement relating to the posting
of the rights offer circular
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES, CANADA, AUSTRALIA, JAPAN AND HONG KONG
Murray & Roberts Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number: 1948/029826/06
JSE Share Code: MUR
ISIN: ZAE000073441
("Murray & Roberts" or "Company")
ANNOUNCEMENT RELATING TO THE POSTING OF THE RIGHTS OFFER CIRCULAR
1.Posting of the Rights Offer circular
Shareholders of Murray & Roberts ("Shareholders") are referred to the
announcement released on the Securities Exchange News Service of the JSE Limited
on Thursday, 8 March 2012 and published in the South African press on Friday, 9
March 2012 ("Finalisation Announcement"), setting out the final terms of the
renounceable rights offer of approximately R2 billion being proposed by the
Company ("Rights Offer").
Shareholders are advised that, as envisaged in the Finalisation Announcement,
the Rights Offer opened at 9:00 am (Johannesburg time) today.
Shareholders are further advised that the circular setting out the full details
of the Rights Offer was issued today and is available on the Company`s website:
www.murrob.com.
2.Shareholder commitments
Shareholders are advised that Stanlib Asset Management Limited, Old Mutual
Investment Group, Sanlam Investment Management and Coronation Asset Management
(collectively referred to as the "Investment Managers"), have entered into
agreements with Murray & Roberts pursuant to which the Investment Managers have
each irrevocably committed, for Murray & Roberts` benefit, to subscribe for
Rights Offer shares on behalf of their clients that hold not less than
49,546,206 Murray & Roberts shares in aggregate (being approximately 14.93
percent of Murray & Roberts shares).
Bedfordview
26 March 2012
Lead Independent Sponsor
Deutsche Securities (SA) (Pty) Ltd
Transaction Sponsor
The Standard Bank of South Africa Limited
Notice to Recipients
The distribution of this announcement in certain jurisdictions may be
restricted. This announcement does not constitute an offer of, or an invitation
to purchase, any securities of the Company in any jurisdiction.
This announcement is not an offer for the sale of securities. The securities
being offered as part of the Rights Offer have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "U.S.
Securities Act"), or under any securities laws of any state or other
jurisdiction of the United States and may not be offered, sold, taken up,
exercised, resold, renounced, transferred or delivered, directly or indirectly,
within the United States absent an exemption from, or in a transaction not
subject to, the registration requirements of the U.S. Securities Act and in
compliance with any applicable securities laws of any state or other
jurisdiction of the United States. The Company does not intend to register any
part of the Rights Offer in the United States.
J.P. Morgan Securities Ltd ("J.P. Morgan") and The Standard Bank of South Africa
Limited ("Standard Bank") are acting exclusively for the Company and no one else
in connection with the Rights Offer. They will not regard any other person
(whether or not a recipient of this announcement) as their respective clients in
relation to the Rights Offer and will not be responsible to anyone other than
the Company for providing the protections afforded to their respective clients
nor for giving advice in relation to the Rights Offer or any transaction or
arrangement referred to herein. No representation or warranty, express or
implied, is made by J.P. Morgan and Standard Bank as to the accuracy,
completeness or verification of the information set forth in this announcement,
and nothing contained in this announcement is, or shall be relied upon as, a
promise or representation in this respect, whether as to the past or the future.
J.P. Morgan and Standard Bank assume no responsibility for its accuracy,
completeness or verification and, accordingly, disclaim, to the fullest extent
permitted by applicable law, any and all liability which they might otherwise be
found to have in respect of this announcement or any such statement.
Date: 26/03/2012 09:35:21 Supplied by www.sharenet.co.za
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