JSE
GEN
GEN - Piruto B.V. - Dealings Disclosure
Piruto B.V.
(Registration number B.V. 1610663)
("Glencore")
DEALINGS DISCLOSURE
Shareholders are referred to the joint cautionary announcement released by
Optimum Coal Holdings Limited ("Optimum") on 1 September 2011, in which it was
stated that a consortium comprising Glencore and Lexshell 849 Investments
(Proprietary) Limited had advised Optimum that it may make a general offer to
all shareholders of Optimum to acquire all of the issued shares in Optimum held
by such shareholders, as contemplated in section 117(1)(c)(v) of the Companies
Act 71 of 2008 ("Companies Act").
Glencore hereby advises that on 1 September 2011 it purchased 137,181 shares in
Optimum Coal Holdings Limited for an aggregate price of ZAR 33.54 per share, and
ZAR33.80 being the highest price paid.
This announcement is made in accordance with regulation 98(3) of the Takeover
Regulations issued in terms of section 120 of the Companies Act.
The above transaction has resulted in Glencore increasing its beneficial
interest in Optimum ordinary shares from 14.1% to 14.2%.
Johannesburg
2 September 2011
General
The release, publication or distribution of this announcement in jurisdictions
other than South Africa may be restricted by law and, therefore, any persons who
are subject to the laws of any jurisdiction other than South Africa should
inform themselves about, and observe any applicable requirements in, those
jurisdictions.
This announcement is not intended to, and does not constitute, or form part of,
an offer to sell or an invitation to purchase or subscribe for any securities or
a solicitation of any vote or approval in any jurisdiction.
Date: 02/09/2011 15:48:13 Produced by the JSE SENS Department.
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