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BRE
BRE
BRE - Cautionary and Statement Regarding Share Price Movement Braemore
Resources Plc
Braemore Resources Plc
(A company incorporated in England and Wales with Registration Number 5350550)
(South African registration number: 2008/013973/10)
Share code on the JSE Limited: BRE
Share code on AIM: BRR & ISIN: GB00B06GJQ01
("Braemore" or "the Company")
17 June 2009
CAUTIONARY AND STATEMENT REGARDING SHARE PRICE MOVEMENT
The Board of Braemore (AIM: BRR, JSE: BRE) notes the recent volatility in the
share price of the Company and confirms that it is in discussions with a third
party which may or may not lead to an offer being made for the Company. At this
stage there is no certainty that an offer will be made for the Company or of the
terms on which any offer might be made.
CITY CODE ON TAKEOVERS AND MERGERS
The Company has been advised by the Panel on Takeovers and Mergers that it did
not consider the Company to have its place of central management and control in
the United Kingdom and on that basis the Company was not subject to the City
Code on Takeovers and Mergers ("the Code") and shareholders would not be
afforded any protections under the Code.
The Company is subject to the provisions of the South African Securities
Regulation Code on Takeovers and Mergers and the Rules of the Securities
Regulation Panel ("SRP").
CAUTIONARY
In light of the above, shareholders are accordingly advised to exercise caution
when dealing in their Braemore shares until a full announcement is published.
Enquiries:
Braemore Resources Plc
Leon Coetzer, Chief Executive Officer
+27 11 557 6413
WH Ireland: (Nomad and Joint Broker)
James Joyce
+44 207 220 1666
Mirabaud Securities: (Joint Broker)
Rory Scott
+44 207 878 3360
Qinisele Resources: (RSA Corporate Advisers)
Dennis Tucker
+27 82 492 4957
Russell and Associates: (RSA Public Relations)
Nicola Taylor/Charmane Russell
+27 11 880 3924
Walbrook PR: (UK Public Relations)
Louise Goodeve/Leah Kramer
+44 207 933 8780
Sasfin: (RSA Corporate Sponsor)
Sharon Owens
+27 11 809 7762
United Kingdom
16 June 2009
Sponsor
Sasfin Capital (A division of Sasfin Bank Limited)
Date: 17/06/2009 07:25:01 Produced by the JSE SENS Department.
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