Media releases

Finalisation information and revised salient dates and times in respect of the proposed distribution

7 April 2011

Finalisation information and revised salient dates and times in respect of the proposed distribution of 181 980 981 Northam ordinary shares to Mvela Resources ordinary shareholders ("Northam distribution"), the proposed specific repurchase of 35 000 000 Mvela Resources a ordinary shares ("the repurchase") and the proposed acquisition by Northam of the entire issued ordinary share capital of Mvela Resources ("the scheme") after the implementation of the Northam distribution and the repurchase ("the proposed transactions")

Final Northam distribution ratio and scheme consideration

Further to the announcement released on SENS this morning, we wish to advise that:

  • The distribution ratio for the proposed distribution of the 181 980 981 Northam ordinary shares is 83.5230 Northam shares to be distributed to participating Mvela Resources ordinary shareholders for every 100 Mvela Resources ordinary shares held on the Northam distribution participation record date
  • Mvela Resources ordinary shareholders will receive 0.09598 Northam shares for every 1 Mvela Resources ordinary share held on the scheme consideration record date.

7 April 2011
Johannesburg

Sponsor to Mvela Resources
J.P. Morgan

Sponsor to Northam
One Capital

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