| Tue 28 Apr 2009, 7:12 | | AQP - Aquarius Platinum Limited - ASX/LSE /JSE Joint announcement |
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AQP
AQP
AQP - Aquarius Platinum Limited - ASX/LSE /JSE Joint announcement
Aquarius Platinum Limited
(Incorporated in Bermuda)
Registration Number: EC26290
Share Code JSE: AQP
ISIN Code: BMG0440M1284
ASX/LSE /JSE JOINT ANNOUNCEMENT
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO
OR FROM ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF
THE RELEVANT LAWS OF SUCH JURISDICTION
27 April 2009
ZIJIN IRREVOCABLE UNDERTAKING TO VOTE IN FAVOUR OF OFFER FOR RIDGE MINING PLC
On 26 March 2009 Aquarius Platinum Limited ("Aquarius") and Ridge Mining plc
("Ridge") announced the possible acquisition of Ridge by Aquarius (the
"Acquisition").
Aquarius is now pleased to announce that it has received an irrevocable
undertaking to vote in favour of the Acquisition and the Scheme in respect of
18,423,000 Ridge Shares held by Gold Mountains (H.K.) International Mining
Company Ltd (a wholly owned subsidiary of Zijin Mining Group Co. Ltd.). This
irrevocable undertaking will lapse if a press announcement pursuant to Rule
2.5 of the Code in relation to Aquarius` firm intention to proceed with the
Acquisition is not released by 15 May 2009, or if the Scheme does not become
effective, lapses or is withdrawn.
In total, Aquarius has now received irrevocable undertakings in respect of
30,083,017 Ridge Shares (representing 32.7 per cent. of Ridge`s issued
ordinary share capital) to vote in favour of the Acquisition and the Scheme
at the Court Meeting and the General Meeting, including those irrevocable
undertakings received from Blackrock Investment Management (UK) Ltd. and the
directors of Ridge.
Capitalised terms used but not otherwise defined in this announcement have
the meaning given to them in the announcement dated 26 March 2009.
A copy of this announcement will be available on Aquarius` website
(www.aquariusplatinum.com).
Enquiries:
Aquarius Ridge
In the UK & South Africa Francis Johnstone (Commercial
Nick Bias Director)
Tel: +41 (0)79 888 1642 Tel: +44 (0)20 7379 1474
In Australia:
Willi Boehm
Tel: +61 (0)8 9367 5211
Dealing disclosure requirements
Under the provisions of Rule 8.3 of the UK Takeover Code, if any person is,
or becomes, "interested" (directly or indirectly) in 1 per cent. or more of
any class of "relevant securities" of Aquarius or of Ridge, all "dealings" in
any "relevant securities" of that company (including by means of an option in
respect of, or a derivative referenced to, any such "relevant securities")
must be publicly disclosed by no later than 3.30 pm (GMT) on the London
business day following the date of the relevant transaction. This
requirement will continue until the date on which the offer becomes, or is
declared, unconditional as to acceptances, lapses or is otherwise withdrawn
or on which the "offer period" otherwise ends. If two or more persons act
together pursuant to an agreement or understanding, whether formal or
informal, to acquire an "interest" in "relevant securities" of Aquarius or
Ridge, they will be deemed to be a single person for the purpose of Rule 8.3.
Under the provisions of Rule 8.1 of the UK Takeover Code, all "dealings" in
"relevant securities" of Aquarius or of Ridge by Aquarius or Ridge, or by any
of their respective "associates", must be disclosed by no later than 12.00
noon (GMT) on the London business day following the date of the relevant
transaction.
A disclosure table, giving details of the companies in whose "relevant
securities" "dealings" should be disclosed, and the number of such securities
in issue, can be found on the Takeover Panel`s website at
www.thetakeoverpanel.org.uk.
"Interests in securities" arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an "interest"
by virtue of the ownership or control of securities, or by virtue of any
option in respect of, or derivative referenced to, securities.
Terms in quotation marks are defined in the UK Takeover Code, which can also
be found on the Panel`s website. If you are in any doubt as to whether or
not you are required to disclose a "dealing" under Rule 8, you should consult
the Panel.
Date: 28/04/2009 07:12:19 Produced by the JSE SENS Department.
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