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MANTENGU MINING LIMITED - Results of the Mantengu Rights Offer

Release Date: 12/12/2022 17:10
Code(s): MTU     PDF:  
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Results of the Mantengu Rights Offer

MANTENGU MINING LIMITED
(Formerly Mine Restoration Investments Limited)
Incorporated in the Republic of South Africa
(Registration number: 1987/004821/06)
Share code: MTU ISIN:    ZAE000302360
("Mantengu" or “the Company”)


RESULTS OF MANTENGU RIGHTS OFFER


1. INTRODUCTION

  Shareholders are referred to the circular dated Monday, 21 November 2022 and to the
  announcements released on SENS on 15 November 2022, 17 November 2022 and 25 November
  2022 wherein shareholders were advised of Mantengu’s intention to raise R15 million by way of a fully
  underwritten renounceable rights offer (“Rights Offer”), through an offer 15 000 000 302 new
  Mantengu shares (“Rights Offer Shares”) at a subscription price of 0.1 cent per Rights Offer Share
  in the ratio of 10.84106 Rights Offer Shares for every 100 Mantengu shares held on the record date
  for participating in such Rights Offer.

2. RESULTS OF THE RIGHTS OFFER

  The results of the Rights Offer, which closed on Friday, 9 December 2022, are set out below:

                                                             Number of Rights         % of Rights
                                                                 Offer Shares        Offer Shares

  Rights Offer Shares available for subscription               15 000 000 302                100%
  Rights Offer Shares subscribed for by shareholders            3 346 457 874              22.31%
  Rights Offer Shares allocated to the Underwriters            11 653 542 428              77.69%

  The Underwriters to the Rights Offer will, in terms of the underwriting agreements entered into
  between them and Mantengu, take up the Rights Offer Shares as detailed below:

                                                                                  Number of Rights
  Underwriter                                                                         Offer Shares

  Kianalily Proprietary Limited                                                      1 400 000 000
  The Gamsy Family Trust                                                             7 076 883 583
  Growth Equities Proprietary Limited                                                1 743 580 013
  The POCOT Trust                                                                      512 817 651
  Douglas Welsh                                                                        307 690 591
  GNT Mining Proprietary Limited                                                       304 880 000
  KAG Trust                                                                            102 563 530
  JS Geyer                                                                             102 563 530
  Parkview Trust                                                                       102 563 530

  Share certificates will be posted to certificated shareholders (or their renouncees) who followed their
  rights on or about Monday, 12 December 2022. Dematerialised shareholders (or their renouncees)
  who followed their rights will have their CSDP or broker accounts debited and updated with the Rights
  Offer shares on Monday, 12 December 2022.

  Following the conclusion of the Rights Offer, the total issued share capital of the Company will be
  153 362 856 902 ordinary shares of no par value.


Johannesburg
12 December 2022


Designated Adviser
Merchantec Capital

Date: 12-12-2022 05:10:00
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