 |
- Monday 26 January 2009
- Results of the Renounceable Claw Back Offer
-
METOREX LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1934/005478/06)
Share code: MTX
ISIN: ZAE000022745
Issuer code: MEMTX
("Metorex")
Further to the announcements dated 27 November 2008, 4 December 2008, 5 December 2008 and 15 December 2008 regarding the Renounceable Claw Back Offer ("the Claw Back Offer"), Metorex shareholders are advised that the results of the Claw Back Offer of 129 461 597 Metorex ordinary shares ("Claw Back Offer Shares") to Metorex shareholders or their renouncees at a price of 200 cents per Claw Back Offer Share in the ratio of 34.94 Claw Back Offer Shares for every 100 Metorex shares held on the record date of the Claw Back Offer, which closed on Friday, 23 January 2009, are as follows:
| |
|
NUMBER OF SHARES |
|
% OF CLAW BACK OFFER SHARES |
| Claw Back Offer Shares available for subscription: |
|
129 461 597 |
|
100% |
| Claw Back Offer Shares subscribed for: |
|
95 434 032 |
|
74% |
| |
|
|
|
|
As a result of the Claw Back Offer not being fully subscribed
for, the subscribers in terms of the Claw Back Offer will be
allocated 34 027 565 Claw Back Offer Shares in proportion to
their subscription ratios, comprising 26% of the Claw Back
Offer Shares as detailed in the table below:
| SUBSCRIBER |
|
|
CLAW BACK SHARES RECEIVED IN TERMS OF THE CLAW
BACK OFFER |
| Allan Gray Limited |
|
|
2,314,229 |
| Coronation Asset Management (Proprietary) Limited |
|
|
5,399,868 |
| The Industrial Development Corporation of South Africa
Limited |
|
|
3,330,098 |
| Minerales Y Productos Derivados SA |
|
|
11,258,088 |
| The Public Investment Corporation Limited |
|
|
2,314,083 |
| Beankin Investments (Proprietary) Limited |
|
|
3,085,639 |
| Stanlib Asset Management Limited |
|
|
6,325,560 |
| |
|
|
34,027,565 |
Share certificates will be posted to certificated shareholders and safe custody
accounts of dematerialised shareholders or their renouncees who have followed their rights, will be updated and accounts credited by their Central Securities Depository Participant or broker on Monday, 26 January 2009.
Rosebank
26 January 2009
Corporate advisor, sole book-runner and lead sponsor
on the JSE to Metorex
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Independent sponsor on the JSE to Metorex
Deloitte & Touche Sponsor Services (Pty) Limited
South African legal advisor to Metorex
Bowman Gilfillan Incorporated
South African legal advisor to Barnard Jacobs Mellet
Corporate Finance (Pty) Ltd
Cliffe Dekker Hofmeyr Inc.
United Kingdom legal advisor to Barnard Jacobs Mellet
Corporate Finance (Pty) Ltd
DLA Piper UK LLP
United Kingdom legal advisors to Metorex
Maclay Murray & Spens LLP
Investment Bank to Standard Bank and Bankers to Metorex
Standard Bank
South African legal advisor to the Standard Bank of
South Africa Limited
Deneys Reitz Inc.
English Law legal advisors to the Standard Bank of
South Africa Limited
Africa Legal
- back to News articles >
|
|
|
