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MUR - Murray & Roberts Holdings Limited - Sale of rights by the Murray &
Roberts Trust
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 Code: MUR ISIN: ZAE000073441
("Murray & Roberts")
SALE OF RIGHTS BY THE MURRAY & ROBERTS TRUST
The Murray & Roberts Holdings Limited Employee Share Incentive Scheme
("Scheme") was approved by Murray & Roberts shareholders ("Shareholders") in
October 1987 to operate through the means of The Murray & Roberts Trust
("Trust"). Subsequent amendments to the Scheme and Trust were approved by
Shareholders in October 2009.
Based on the number of Murray & Roberts shares held by the Trust on the
rights offer record date, being Friday, 23 March 2012, the Trust received
rights to subscribe for 1,975,581 rights offer shares ("Trust Rights") based
on the entitlement ratio as set out in the rights offer final terms
announcement released on SENS on Thursday 8 March 2012.
Following the receipt of independent advice to reduce the interest free loan
owing by the Trust to Murray & Roberts, the trustees of the Trust
unanimously resolved on Wednesday, 28 March 2012, that all of the Trust
Rights be disposed of.
Pursuant to the above, all the Trust Rights were sold in the open market on
Thursday 29 March 2012 at an average price of R10.0559 with the highest
price of R10.25 and lowest price of R10.00. The total proceeds from the sale
of the Trust Rights amounted to R19,866,245.
Clearance to deal was received in terms of paragraph 3.66 of the JSE
Listings Requirements.
The net proceeds will be used to reduce the interest free loan from Murray &
Roberts.
Bedfordview
30 March 2012
Sponsor
Deutsche Securities (SA) (Pty) Ltd
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.
Date: 30/03/2012 14:00:10 Supplied by www.sharenet.co.za
Produced by the JSE SENS Department.
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