Harmony Gold Mining Company Ltd
Has announced an agreement to subscribe for shares in, and an intention to make a public takeover offer for, Abelle Ltd in Australia. Subject to shareholder approval, Harmony has agreed to subscribe for 35 million shares in Abelle at a price of A$0.75 per share. In addition, Harmony intends to make a cash offer of A$0.75 for each Abelle share and A$0.45 for each of the listed options in Abelle. Harmony has entered into an irrevocable pre-bid acceptance agreement with Abelle's major shareholder, Guiness Peat Group Plc, to acquire a 19.9% shareholding in Abelle.
Share Purchase Plan offer to all shareholders, announced on 20 December 2002, closed on Friday 14 February 2003. The offer to raise up to $750,000 has been oversubscribed and has raised $883,500.
Safe Effect Technologies Ltd
Prospectus for a pro-rata non-renounceable rights issue to raise $5,030,959 has been lodged with Australian Securities and Investments Commission. The rights issue is fully underwritten by Hood Group Holdings Ltd.
Offer dated 24 January 2003 has been declared unconditional.
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