IFC Investment Summary

The IFC is the third largest shareholder in Nyota, with a shareholding of 86,913,972 shares equivalent to 11.5% of the issued share capital (as at 28 February 2013). In June 2010 a £3.44 million subscription by the IFC was completed. As a result of the placement 29,749,327 new shares were allotted and issued to the IFC, giving it a shareholding of 10% in the company. Subsequent to this investment 22,311,995 options were granted to the IFC in connection with its investment on 14 April 2010.
The IFC exercised its options on 11 February 2011, Nyota received a total of GBP3.87 million. The IFC maintained its original 10% shareholding by subscribing for 13,125,000 shares in Nyota’s equity offering in November 2010.
On 21 June 2012, 21,727,650 new ordinary shares at 6p were issued to the IFC following the Company’s placement to shareholders in February 2012.
The Project should benefit from the IFC’s world-class expertise supporting mining projects in developing countries and the potential for debt financing from the IFC, should it be required, once the project reaches development.
About the IFC
IFC, a member of the World Bank Group, creates opportunity for people to escape poverty and improve their lives. IFC fosters sustainable economic growth in developing countries by supporting private sector development, mobilizing private capital, and providing advisory and risk mitigation services to businesses and governments. IFC’s new investments totalled $14.5 billion in fiscal 2009, helping channel capital into developing countries during the financial crisis. For more information about IFC, visit www.ifc.org.