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HVL
HVL
HVL - Highveld Steel and Vanadium Corporation Limited - Further Cautionary
Highveld Steel and Vanadium Corporation Limited
Registration No. 1960/001900/06
(Incorporated in the Republic of South Africa)
("Highveld")
Share code: HVL
ISIN code: ZAE000003422
FURTHER CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the initial Cautionary Announcement published on 26
October 2005, as well as to subsequent Cautionary Announcements, relating to the
sale by Anglo American plc ("Anglo American") of its shareholding in Highveld to
Evraz Group S.A. ("Evraz").
The attention of shareholders is again drawn to the announcement issued on 4
June 2007 by Evraz regarding the offer to minority shareholders and again today,
4 July 2007, regarding an extension of time for acceptance of the offer.
Evraz has extended the offer and the offer will remain open for acceptances
until such date as may be announced by Evraz in a further notice to be
published.
Shareholders` attention is further drawn to the cautionary announcement dated 11
June 2007 relating to the negotiations regarding the potential sale of
Transalloys and are therefore advised to continue to exercise caution in dealing
in their Highveld shares until a further announcement in respect of the
potential sale is made.
Emalahleni
4 July 2007
Sponsor
J.P. Morgan Equities Limited
"EVR - EVRAZ GROUP S.A - Evraz Group S.A announces extension of the offer period
relating to the offer to acquire shares in Highveld Steel and Vanadium
Corporation Limited
EVRAZ GROUP S.A
LSE SHARE CODE: EVR
EVRAZ GROUP S.A ANNOUNCES EXTENSION OF THE OFFER PERIOD RELATING TO THE OFFER TO
ACQUIRE SHARES IN HIGHVELD STEEL AND VANADIUM CORPORATION LIMITED
Shareholders of Highveld Steel and Vanadium Corporation Limited ("Highveld") are
referred to the announcement dated 4 June 2007 and the circular to shareholders
of Highveld dated 4 June 2007 ("circular") relating to the offer by Evraz Group
S.A to acquire the entire issued share capital of Highveld, other than those
Highveld shares currently held by Evraz, for a consideration of US$11.40 per
Highveld share ("offer").
In terms of the circular, the offer opened on 4 June 2007 at 09h00 (SA time) and
was due to close today at 17h00 (SA time). Evraz advises shareholders of
Highveld that the offer is hereby extended and that the offer will remain open
for acceptances until such date as may be announced by Evraz in a further notice
to be published.
As at 3 July 2007, shareholders holding a total of 57 647 Highveld shares had
accepted the offer.
The offer is not being made, directly or indirectly, in or into the United
States, Australia, Canada and Japan, and any jurisdiction where the offer would
or might constitute a violation of the laws of such jurisdiction ("restricted
jurisdiction"), or by use of the United States (or any restricted jurisdiction)
mails, or by any means or instrumentality (including, without limitation, the
post, facsimile transmission, telex and telephone or electronic transmission by
way of the internet or otherwise) of interstate or foreign commerce of the
United States (or any restricted jurisdiction), or of any facility of a
securities exchange of the United States (or any restricted jurisdiction). The
offer cannot be accepted by any such use, means or instrumentality or from
within the United States (or any restricted jurisdiction). No US person (or any
person resident or located within a restricted jurisdiction), and no person
acting for the account or benefit of any US person (or any person resident or
located within a restricted jurisdiction) shall be permitted to accept the
offer. This communication is not an extension of the offer in the United States
(or any restricted jurisdiction).
4 July 2007
Attorneys to Evraz: Werksmans Attorneys"
Date: 04/07/2007 17:55:00 Produced by the JSE SENS Department.
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