| Thu 30 Sep 2010, 13:52 | | AMS - Anglo Platinum Limited - Cautionary announcement relating to the temporary |
|
AMS
ANANP
AMS - Anglo Platinum Limited - Cautionary announcement relating to the temporary
suspension of the intended float of Royal Bafokeng Platinum
Anglo Platinum Limited
Incorporated in the Republic of South Africa
(Registration No.: 1946/022452/06)
Share code: AMS
ISIN: ZAE000013181
CAUTIONARY ANNOUNCEMENT RELATING TO THE TEMPORARY SUSPENSION OF THE INTENDED
FLOAT OF ROYAL BAFOKENG PLATINUM
On Monday, 20 September 2010, Royal Bafokeng Platinum (Proprietary) Limited (the
"Company" or "RBPlat"), an independent black-controlled platinum group metals
(PGMs) producer and subsidiary of Royal Bafokeng Holdings (Proprietary) Limited
("RBH") announced its intention to list on the securities exchange operated by
the JSE Limited ("JSE") during the last quarter of 2010.
RBPlat holds a 67% interest in Bafokeng Rasimone Platinum Mine ("BRPM"), a joint
venture established in 2002 between RBPlat`s wholly-owned subsidiary, Royal
Bafokeng Resources (Proprietary) Limited and Rustenburg Platinum Mines Limited,
a wholly-owned subsidiary of Anglo Platinum Limited ("Anglo Platinum"), and
which owns the remaining 33% of BRPM.
Anglo Platinum Limited wishes to draw attention to the announcement today by
RBPlat.
The announcement states that the shareholders of RBPlat, being RBH and Anglo
Platinum (the "Shareholders`), received a written offer to acquire 100% of BRPM
(the "Offer").
Discussions are at an early stage and the Shareholders are yet to receive a
binding Offer. The Offer is subject to a number of pre-conditions, which
include, inter alia, RBPlat Shareholder approval, due diligence and a number of
regulatory and other approvals. The RBPlat Board has decided to temporarily
suspend the intended listing process in order to allow the Shareholders time to
evaluate the Offer. There is no certainty that these discussions will lead to a
transaction.
Whilst the directors of Anglo Platinum do not believe the aforementioned
information is materially price sensitive, they would still recommend to their
shareholders that they exercise caution when dealing in their Anglo Platinum
securities until a further announcement is made.
Johannesburg
30 September 2010
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 30/09/2010 13:52:11 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
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.
