| Wed 3 Nov 2010, 8:15 | | RBP - RBPlat - Private Placing Price |
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JSE
RBP
RBP - RBPlat - Private Placing Price
ROYAL BAFOKENG PLATINUM LIMITED
(formerly Royal Bafokeng Platinum (Proprietary) Limited
and formerly Lisinfo 223 (Proprietary) Limited and
formerly Lisinfo 223 Property (Proprietary) Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2008/015696/06)
JSE share code: RBP & ISIN: ZAE000149936
("RBPlat" or the "Company" or the "Issuer")
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA
PRIVATE PLACING PRICE
Reference is made to the pre-listing statement, dated 18 October 2010, and the
abridged pre-listing statement released on SENS on 18 October 2010, relating to
an offer for subscription by RBPlat and an offer for sale by Rustenburg Platinum
Mines Limited ("RPM") and Royal Bafokeng Platinum Holdings (Proprietary) Limited
("RBPH"), subject to certain conditions, to institutional investors in South
Africa and to selected institutional investors in other jurisdictions, and, by
invitation, to management and employees of the Company and the Bafokeng Rasimone
Platinum Mine.
The bookbuild process in relation to the private placing closed on 2 November
2010 and was strongly over-subscribed. 49 226 829 shares were placed including
the over allotment, at R60.50 per share ("placement price"). As a result, shares
of RBPlat with a value of R 2 978 223 153, were placed, representing an
effective free float of 30.0%.
Following the listing, the percentage of issued share capital held by the major
shareholders is as follows: RPM 12.62% and RBPH 57.07%. These figures do not
include any shares that may have been acquired by affiliated entities in the
offer.
The settlement date and expected listing date of RBPlat, subject to achieving a
spread of shareholders acceptable to the JSE Limited, will be Monday, 8 November
2010.
Johannesburg
3 November 2010
Joint bookrunners and managers
Macquarie First South Advisers (Proprietary) Limited
Morgan Stanley & Co. International plc
Rand Merchant Bank, a division of FirstRand Bank Limited
Co-lead manager and commercial banker
Nedbank Capital, a division of Nedbank Limited
Sponsor and stabilisation manager
Rand Merchant Bank, a division of FirstRand Bank Limited
Attorneys
Bowman Gilfillan, SA attorneys to the Company
White & Case LLP, US & UK attorneys to the Company
Cliffe Dekker Hofmeyr Inc, SA attorneys to the Joint Bookrunners and Co-Lead
Manager
Davis Polk & Wardwell LLP, US attorneys to the Joint Bookrunners and Co-Lead
Manager
Reporting accountants and auditors
PricewaterhouseCoopers Inc
Independent technical expert
Snowden Mining Industry Consultants (Proprietary) Limited
This document does not constitute an invitation or an offer to the general
public to acquire shares in RBPlat. The offer set out in the Pre-Listing
Statement will only be capable of acceptance by the institutions and persons to
whom it was specifically addressed.
This document does not constitute an offer of securities for sale in the United
States. Securities may not be offered or sold in the United States absent
registration or an exemption from registration under the U.S. Securities Act of
1933, as amended (the "Securities Act"). The securities being offered have not
and will not be registered under the Securities Act. There will be no public
offering in the United States.
This document does not constitute an offer of securities to the public in the
United Kingdom. This document is directed only at: (i) persons who are outside
the United Kingdom; or (ii) persons who have professional experience in matters
relating to investments falling within Article 19(1) of the Financial Services
and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); (iii) high
net worth entities falling within Article 49(2) of the Order; and (iv) other
persons to whom it may lawfully be communicated (all such persons together being
referred to as "relevant persons"). Any investment activity to which this
communication relates will only be available to, and will only be engaged with,
relevant persons. Any person who is not a relevant person should not act or rely
on this document or any of its contents.
Any offer of securities to the public that may be deemed to be made pursuant to
this communication in any EEA Member State that has implemented Directive
2003/71/EC (together with any applicable implementing measures in any Member
State, the "Prospectus Directive") is only addressed to qualified investors in
that Member State within the meaning of the Prospectus Directive.
Copies of this announcement are not being made and may not be distributed or
sent into the United States, Canada, Japan or Australia.
Date: 03/11/2010 08:15:01 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.
