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 6 September 2011, it purchased 1 850 335
shares in Optimum for price of ZAR38.00 per share. Accordingly, shareholders
are advised that, pursuant to regulation 111(2) of the Takeover Regulations,
if an offer is made by Glencore or any of its concert parties for the
remaining shares in Optimum within a period of six months from the date of
this announcement, the offer consideration will not be lower than ZAR38.00
per share.
This announcement is made in accordance with regulation 98(3) of the
Takeover Regulations.
The above transaction has resulted in Glencore increasing its beneficial
interest in Optimum ordinary shares from 23.9% to 24.7%.
Johannesburg
7 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: 07/09/2011 15:17:02 Produced by the JSE SENS Department.
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