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MURRAY & ROBERTS HOLDINGS LIMITED - Market Activity in Murray & Roberts Ordinary Shares

Release Date: 17/02/2017 09:25
Code(s): MUR     PDF:  
Wrap Text
Market Activity in Murray & Roberts Ordinary Shares

MURRAY & ROBERTS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1948/029826/06
JSE Share Code: MUR
ADR Code: MURZY
ISIN: ZAE000073441
(“Murray & Roberts” or the “Company”)

MARKET ACTIVITY IN MURRAY & ROBERTS ORDINARY SHARES

The Company notes the unusually high trading volumes in Murray & Roberts ordinary
shares traded on the securities exchange operated by JSE Limited (“JSE”) during the
course of yesterday, 16 February 2017. According to market data, approximately 96
million Murray & Roberts shares traded, equivalent to approximately 22% of the
Company’s total issued ordinary share capital and the volume weighted average price of
Murray & Roberts’ shares traded yesterday was R14.91, with a high price of R15.00. The
Company notes that these trades were executed at prices well above both the volume
weighted average prices of Murray & Roberts shares over the 30-day and 60-day periods
to 15 February 2017 of R11.19 and R11.38 respectively which were sourced from market
data.

The Company is not currently aware of anything that could have led to this unusual
market activity. The identities and/or intentions of the acquirer(s) of Murray & Roberts’
shares are not known to the Company and will not be known unless the acquirer either
approaches the Company directly or is required to notify the Company in terms of section
122 of the Companies Act, 71 of 2008 (“Companies Act”). The Company has not yet been
notified by any sellers of Murray & Roberts’ shares who may be required to do so in terms
of section 122 of the Companies Act.

Bedfordview
17 February 2017

Sponsor: Deutsche Securities (SA) Proprietary Limited

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