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DORBYL LIMITED - RESULTS OF THE NALEDI OFFER

Release Date: 18/02/2013 17:06
Code(s): DLV     PDF:  
Wrap Text
RESULTS OF THE NALEDI OFFER

      Dorbyl Limited                    Naledi Foundry of Republic
      (Incorporated in the              of South Africa
      Republic of South Africa)         Proprietary Limited
      Registration Number:              (Incorporated in the
      1911/001510/06                    Republic of South Africa)
      Share Code: DLV ISIN:             Registration Number:
      ZAE000002184                      2012/194053/07
      ("Company" or "Dorbyl")           (“Naledi”)

RESULTS OF THE NALEDI OFFER

Shareholders are referred to the announcement on SENS on 7 December
2012 regarding the revised firm intention by Naledi to make an offer
to Dorbyl shareholders to acquire up to 100% of the shares in the
issued share capital of Dorbyl (“the Naledi Offer” or “the Offer”),
the full details of which were contained in a joint circular that
was posted to Shareholders on 18 December 2012 (“Joint Circular”).
Shareholders are further referred to the finalisation announcement 
on SENS on 30 January 2013.

The Naledi Offer closed at 12:00 on Friday, 15 February 2013 and
shareholders are hereby advised that, in terms of the Naledi Offer,
Naledi received the following acceptances from Dorbyl shareholders
holding:

1.   18 344 315   Dorbyl  ordinary  shares   representing  54.07%
     (excluding treasure shares) of the issued ordinary shares in
     Dorbyl;

2.   1 204 893 DLP1 preference shares representing 96.39% of the
     issued DLP1 preference shares; and

3.   157 757 DLVP preference shares representing 21.32% of the DLVP
     preference shares.

As a result of the Naledi offer, Naledi holds the above percentages
in the said classes of shares in Dorbyl.


Johannesburg
18 February 2013

Sponsor:   PSG Capital Proprietary Limited

Date: 18/02/2013 05:06:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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