Shareholders are referred to the Declaration Announcement in respect of the Claw Back Offer and Rights Offer, dated 9 March 2011, which indicated that a further announcement would be published to inform shareholders of the outcome of the remaining conditions precedent and to confirm or amend any of the salient dates referred to in the announcement.
The final implementation of the Claw Back Offer and Rights Offer has not been effected yet due to administrative delays with:
| 1) |
granting of final approval by the Registrar of Companies for the required registrations of the circular; |
| 2) |
approval of valuations on certain of Miranda’s minor, greenfields mineral assets in terms of the SAMREC and SAMVAL Codes; and |
| 3) |
foreign exchange clearance of the Claw Back funds of R74.8 million. |
Shareholders are advised that these delays are expected to be resolved promptly, but that they will have an impact on the salient dates in respect of the Claw Back Offer and Rights Offer, as published in the announcement of 9 March 2011.
A further announcement will be published as soon as practicably possible informing shareholders of the outcome of the remaining conditions precedent and amending the dates referred to in the previous announcement.
Centurion
25 March 2011
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
|
