Sign In
30 Jul 2008 14:51
Mwana Africa plc (the "Company")
Holdings in Company
London, 30 July 2008 - On 29 July 2008, the Company was notified that on the same day, Palanka Ventures Limited ("Palanka"), a company which is ultimately controlled by Deutsche Bank International Trust Company (Cayman) Limited, as trustee of Palanka Trust, purchased 100,000 ordinary shares of 10p each in the Company ("Ordinary Shares") at a price of 39.97495p per Ordinary Share and 100,000 Ordinary Shares at a price of 41.4498p per Ordinary Share. Kalaa Mpinga, CEO of the Company controls the voting rights over the Ordinary Shares held by Palanka. Mr Mpinga, therefore, has ultimate control of all of the voting rights attaching to the 16,227,260 Ordinary Shares currently held by Palanka, as well as the 19,981,415 Ordinary Shares held by the trustees of the Kalaa Katema Mukubayi Trust.
Following this transaction, Kalaa Mpinga now has control of the voting rights attached to 36,208,675 Ordinary Shares amounting to 9.1 per cent of the total voting rights attached to the issued share capital of the Company, being 397,767,219 Ordinary Shares.
Enquiries:
Oliver Baring, Executive Chairman Tel: 020 7654 5580
Mwana Africa plc
Tom Randell / Anca Spiridon Tel: 020 7653 6620
Merlin
Ryan Gaffney Tel: 020 7050 6500
Canaccord Adams Limited
Follow the stocks
