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
on SENS 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.
Glencore hereby advises that on 14 October 2011, it purchased 7,047,387
shares in Optimum at a price of ZAR38.00 per share, which is equal to the
highest price paid in respect of the acquisitions of Optimum shares made
by Glencore to date. 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 25.66% to 28.46%.
Johannesburg
17 October 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: 17/10/2011 09:25:01 Produced by the JSE SENS Department.
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