To view the PDF file, sign up for a MySharenet subscription.

MUR - Murray & Roberts Holdings Limited - Sale of rights by the Murray &

Release Date: 30/03/2012 14:00
Code(s): MUR
Wrap Text

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. 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.

Share This Story