| Wed 16 Apr 2008, 14:38 | | AQP - Aquarius Platinum - Completion Of Equity Pla |
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AQP
AQP
AQP - Aquarius Platinum - Completion Of Equity Placing
Aquarius Platinum Limited
(Incorporated in Bermuda)
Share code ASX: AQP
Share code LSE: AQP
Share code JSE: AQP
ISIN number: BMG0440M1029
("Aquarius" or "the Company")
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO OR IN THE UNITED STATES,
CANADA, OR JAPAN.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF AN OFFER OF SECURITIES IN
THE UNITED STATES OR ANY OTHER JURISDICTION.
COMPLETION OF EQUITY PLACING
Aquarius is pleased to announce the successful completion of the accelerated
bookbuild placing announced on 15 April 2008 (the "Placing").
The Company will issue a total of 23,144,000 new common shares of US$0.05 each
in Aquarius Platinum Limited (the "Placing Shares") have been placed at a price
of 800 pence per Placing Share, raising gross proceeds of approximately $366
million (GBP 185 million). The price of the Placing Shares in Australian
dollars and South African rand, the currencies in which the shares are quoted on
the ASX Limited and the JSE Limited respectively, was set at AU$ 16.95 per
Placing Share and ZAR 126.08 per Placing Share. The Placing Shares being issued
represent approximately 9.0 per cent. of Aquarius` issued share capital prior to
the Placing. RMB Morgan Stanley acted as global bookrunner for the Placing with
Euroz Securities Limited and Investec Bank (UK) Limited acting as co-lead
managers.
The Placing Shares will, when issued, be credited as fully paid and will rank
pari passu in all respects with the existing issued common shares of the
Company, including the right to receive future dividends and other distributions
declared, made or paid after the date of their issue. Application will be made
to the FSA for the Placing Shares to be admitted to the official list maintained
by the FSA (the "Official List") and to the LSE, the ASX Limited and the JSE
Limited for the Placing Shares to be admitted to trading.
For further information please contact:
Aquarius: Willi Boehm +61 (0)8 9367 5211
RMB Morgan Stanley: Chris Meyer +27 (0)11 282 8286
Morgan Stanley: Alastair Cochran +44 (0)20 7677 5039 / Peter Bacchus +44 (0)20
7425 4669
Rand Merchant Bank: Justin Bothner +27 (0)11 282 4150
This announcement has been issued by the Company and is the sole responsibility
of the Company.
RMB Morgan Stanley, Morgan Stanley and Rand Merchant Bank are acting exclusively
for the Company and no one else in connection with the Placing. RMB Morgan
Stanley, Morgan Stanley and Rand Merchant Bank will not be responsible to anyone
other than the Company for providing the protections afforded to their
respective clients nor for providing advice in relation to the Placing or any
other matter referred to in this announcement.
This announcement is for information purposes only and does not constitute an
offer or an invitation to acquire or dispose of any securities or investment
advice in any jurisdiction.
This announcement is not for publication or distribution or release in the
United States of America (including its territories and possessions, any state
of the United States and the District of Columbia). This announcement does not
constitute or form part of an offer to sell or issue or solicitation of an offer
to purchase or subscribe for securities in the United States, Australia, Canada,
Japan or any other jurisdiction and should not be relied upon in connection with
any decision to acquire the Placing Shares or any other Aquarius securities. The
securities referred to herein have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "Securities Act"), and may
not be offered, sold or transferred within the United States, except pursuant to
an exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act. No public offering of the Placing Shares is
being made or will be made in the United States.
This announcement does not and is not intended to constitute an offer to the
public in South Africa in terms of Chapter VI of the South African Companies
Act, 1973 (as amended).
Members of the public are not eligible to take part in the placing. This
announcement may be directed in the UK only at persons whose ordinary activities
involve them in acquiring, holding, managing and disposing of investments (as
principal or agent) for the purposes of their business and who have professional
experience in matters relating to investments and are (1) qualified investors as
defined in section 86(7) of the Financial Services and Markets Act 2000
("FSMA"), being persons falling within the meaning of article 2.1(e)(i), (ii) or
(iii) of Directive 2003/71/EC (the "Prospectus Directive") and (2) fall within
article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the "Order") or are persons who fall within
article 49(2)(a) to (d) ("High net worth companies, unincorporated associations,
etc") of the Order (all such persons together being referred to as "Relevant
Persons"). This announcement must not be acted on or relied on by persons who
are not Relevant Persons. Persons distributing this announcement must satisfy
themselves that it is lawful to do so. Any investment or investment activity to
which this announcement relates is available only to Relevant Persons and will
be engaged in only with Relevant Persons. This announcement does not constitute
an offer for sale or subscription of any securities in the Company.
This announcement includes "forward-looking statements". All statements other
than statements of historical fact included in this announcement, including,
without limitation, those regarding Aquarius`s financial position, business
strategy, plans and objectives of management for future operations, are forward-
looking statements. Such forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual results,
performance or achievements of Aquarius, or industry results, to be materially
different from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such forward-looking statements are
based on numerous assumptions regarding Aquarius`s present and future business
strategies and the environments in which Aquarius will operate in the future and
such assumptions may or may not prove to be correct. There are a number of
factors which could cause actual results, performance of Aquarius, or industry
results to differ materially from those expressed or implied in forward looking
statements. These forward-looking statements speak only as of the date of this
announcement. Aquarius expressly disclaims any obligation (except as required by
the rules of the UK Listing Authority and the London Stock Exchange or the rules
of the ASX or the JSE) or undertaking to disseminate any updates or revisions to
any forward-looking statement contained herein to reflect any change in
Aquarius`s expectations with regard thereto or any change in events, conditions
or circumstances on which any such statement is based.
Neither this announcement nor any copy of it may be taken, transmitted or
distributed, directly or indirectly in or into the United States, Canada or
Japan.
Melbourne / London / Johannesburg
16 April 2008
Date: 16/04/2008 14:38:01 Produced by the JSE SENS Department.
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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.
