AQP - Aquarius Platinum Limited - Exercise Of Options
AQP
AQP
AQP - Aquarius Platinum Limited - Exercise Of Options
Aquarius Platinum Limited
(Incorporated in Bermuda)
Registration Number: EC26290
Share Code JSE: AQP
ISIN Code: BMG0440M1284
EXERCISE OF OPTIONS
Aquarius Platinum Limited ("AQP" or "the Company") advises that Imbani
Platinum (Pty) Ltd (Imbani) has lodged a notice to exercise 25,000,000 Ridge
Mining Limited (Ridge) options. As disclosed in the recent prospectus of
Aquarius, these options were in existence prior to the scheme of arrangement
between Ridge and its shareholders relating to the all share acquisition by
Aquarius of Ridge.
The aggregate exercise price of these options is GBP17.5 million (GBP0.70
per Ridge option).
Pursuant to the transfer to Aquarius by Imbani of these 25 million common
shares in Ridge, Aquarius will issue 9,090,909 new fully paid common shares
in Aquarius to Imbani on the basis of 1 Aquarius share for every 2.75 Ridge
shares.
For further information please contact:
In Australia:
Willi Boehm
+61 (0) 8 9367 5211
In the United Kingdom:
Stuart Murray
+ 27 (0) 11 656 1140
In South Africa:
Charmane Russell
+27 (0) 11 880 3924
9 September 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 09/09/2009 07:23:31 Produced by the JSE SENS Department.
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