Business
COMPLETION OF IN-SPECIE DISTRIBUTION
COMPLETION OF IN-SPECIE DISTRIBUTION.
About this update from Kefi Gold And Copper Plc
[{"type":"text","content":"\n \nRNS Number : 5103S Kefi Minerals plc 24 September 2014 \n \n\n \n 24 September 2014\n \nKEFI Minerals Plc \n(\"KEFI\" or the \"Company\")\n \nCOMPLETION OF IN-SPECIE DISTRIBUTION BY NYOTA MINERALS LIMITED\n \nKEFI Minerals (AIM: KEFI), an emerging gold miner with projects in the Kingdom of Saudi Arabia and the Federal Democratic Republic of Ethiopia, is pleased to announce that, further to the announcement on 3 September 2014, the in-specie distribution by Nyota Minerals Limited (\"Nyota\") to its shareholders of KEFI ordinary shares (the \"Distribution\") has been completed. The total number of KEFI shares distributed was 144,823,917 and, following the Distribution, Nyota currently holds the balance of 7,657,241 KEFI shares representing 0.73 per cent of the issued share capital of KEFI. This represents the entitlements of Nyota shareholders ineligible or unable to receive KEFI shares.\n \nFollowing the Distribution, KEFI has new shareholders who, between them, hold approximately 13.85% of KEFI's issued share capital. The new shareholders include funds and institutions such as Resource Capital Fund V L.P, International Finance Corporation and Centamin Holdings Limited.\n \nThe 144,823,917 KEFI shares that have been distributed are freely tradable and rank pari passu with all other KEFI ordinary shares in issue. \n \nHaving completed the sale of 100% of the KEFI Minerals (Ethiopia) Limited (\"KME\") to KEFI, Nyota no longer has any interest in, or future funding obligation for, KME or its 100%-owned Tulu Kapi gold project in Ethiopia. Nyota has, h...