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REPURCHASE OF SHARES AND DISCLOSURE OF SIGNIFICANT HOLDING OF MVELAPHANDA GROUP LIMITED ORDINARY SHARES
Mvelaphanda Group Limited
Incorporated in the Republic of South Africa
Registration number: 1995/004153/06
Ordinary share code: MVG
ISIN code: ZAE000060737
(“Mvela Group” or “the Company”)
REPURCHASE OF SHARES AND DISCLOSURE OF SIGNIFICANT HOLDING OF
MVELAPHANDA GROUP LIMITED ORDINARY SHARES
Shareholders are referred to the specific authority to repurchase
shares granted to Mvela Group at the general meeting held on 16
August 2012. In accordance with the specific authority,
shareholders are hereby advised that Mvela Group has repurchased
35 765 285 shares from its wholly owned subsidiary Mvela Treasury
and Financial Services Proprietary Limited (“Mvela Treasury”) for
a consideration of R3.26 per share.
In accordance with the JSE Limited Listings Requirements and
Section 122 of the Companies Act 2008, shareholders are advised
that Mvela Treasury has notified the Company that it has disposed
of all of its holding in the Company, which holdings represented
6.43% of the issued ordinary share capital of Mvela Group (ie. the
35 765 285 shares repurchased by Mvela Group). Accordingly, Mvela
Treasury no longer has a holding in the Company.
Melrose Arch
21 August 2012
Sponsor
PSG Capital
Date: 21/08/2012 10:47:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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