|
OPT
OPT
OPT - Optimum Coal Holdings Limited - Results of the mandatory offer by a
consortium comprising of Glencore and Lexshell for the remaining shares in the
issued share capital of Optimum for a cash consideration of R38 per Optimum
share
Optimum Coal Holdings Limited
(Registration No. 2006/007799/06)
Share Code: OPT
ISIN Code: ZAE000144663
("Optimum")
Piruto B.V.
(incorporated in the Netherlands)
(Registration No. 1610663)
("Glencore")
Lexshell 849 Investments (Proprietary) Limited
(Registration No. 2010/023373/07)
("Lexshell")
RESULTS OF THE MANDATORY OFFER BY A CONSORTIUM COMPRISING OF GLENCORE AND
LEXSHELL (THE "Consortium") FOR THE REMAINING SHARES IN THE ISSUED SHARE CAPITAL
OF OPTIMUM FOR A CASH CONSIDERATION OF R38 PER OPTIMUM SHARE (SUCH OFFER, THE
"Mandatory Offer")
1. Shareholders are referred to
1.1 the combined offer circular regarding the Mandatory Offer, which was
posted to shareholders on 26 April 2012; and
1.2 the announcement released on SENS on 15 May 2012 and published in the
press on 16 May 2012 regarding, inter alia, the extension of the period for
acceptance of the Mandatory Offer.
2. The Mandatory Offer closed at 12:00 on Friday, 22 June 2012.
3. Shareholders are advised that shareholders holding 7 787 160 Optimum shares
have accepted the Mandatory Offer. Consequently, the Consortium has now
acquired, directly and indirectly, 71.10% of the issued ordinary share
capital of Optimum. Minority shareholders in Optimum were contacted for
the purposes of the Mandatory Offer by Trifecta Capital Services` proactive
Investor Participation Communication Service.
4. Certificated shareholders who have accepted the Mandatory Offer will have
the offer consideration posted to them or transferred to them by way of
electronic funds transfer within six business days of the date on which
their documents of title and forms of acceptance, surrender and transfer
are received by the transfer secretaries, Computershare Investor Services
(Pty) Ltd ("Computershare").
5. Dematerialised shareholders who have accepted the Mandatory Offer will have
their accounts at their CSDP or broker updated by no later than the sixth
business day after the date on which the dematerialised shareholder`s
acceptance of the Mandatory Offer is notified to the transfer secretaries,
Computershare.
Johannesburg
25 June 2012
Sponsor to Optimum
Rand Merchant Bank (a division of FirstRand Bank Limited)
Legal Adviser to Optimum
Webber Wentzel
Financial Advisor to Glencore
Bank of America Merrill Lynch
Legal Adviser to Glencore
Werksmans Incorporated
Legal Adviser to Lexshell
Edward Nathan Sonnenbergs Incorporated
Date: 25/06/2012 13:18:17 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS. |
|
