MTX
MEMTX
MTX - Metorex - 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")
RESULTS OF THE RENOUNCEABLE CLAW BACK OFFER
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 % OF CLAW
SHARES 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 5,399,868
(Proprietary) Limited
The Industrial Development Corporation 3,330,098
of South Africa Limited
Minerales Y Productos Derivados SA 11,258,088
The Public Investment Corporation 2,314,083
Limited
Beankin Investments (Proprietary) 3,085,639
Limited
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
Date: 26/01/2009 15:26:02 Produced by the JSE SENS Department.
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