| Mon 21 Nov 2011, 7:08 | | GDO - Gold One International Limited - Revised timetable relating to the A$0.55 |
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GDO
GDO
GDO - Gold One International Limited - Revised timetable relating to the A$0.55
per share cash offer to gold one shareholders
Gold One International Limited
Registered in Western Australia under the Corporations Act, 2001 (Cth) with
registration number ACN: 094 265 746
(Registered in South Africa as an external company with registration number
2009/000032/10)
ISIN: AU000000GDO5
Share Code on the ASX/JSE: GDO
OTCQX International: GLDZY
("Gold One" or the "company")
REVISED TIMETABLE RELATING TO THE A$0.55 PER SHARE CASH OFFER TO GOLD ONE
SHAREHOLDERS
On 16 May 2011, Gold One announced that it had entered into an agreement to
implement a transaction with a consortium of Chinese investors (the
"Consortium") whereby the Consortium is seeking to become the major shareholder
and long term strategic partner of Gold One. The transaction comprises a series
of interdependent transactions, including a cash offer of A$0.55 per existing
Gold One share ("Offer") and a minimum A$150 million capital injection into Gold
One (the "Transaction").
Shareholders were advised on Wednesday, 26 October 2011, that the period during
which the Offer is open for acceptance by Gold One shareholders (the "Offer
Period") had been extended due to the regulatory approvals in the People`s
Republic of China ("PRC") taking longer than anticipated.
As the regulatory approvals in the PRC are progressing well and are in line with
the anticipated timetable, shareholders are advised of the following key dates
relating to the Transaction as set out below. All capitalised terms have the
same meaning as set out in Gold One`s target`s statement dated 3 August 2011.
Date for announcing if the Offer has become 14 days before the Offer
unconditional (subject to extension of the closes, being Thursday, 1
Offer Period) December 2011
Last practicable trading day for Australian Before 5.00 pm AEST or 5.00 pm
listed Optionholders to exercise their CAT (as the case may be) on
Options so that they can be issued Shares Wednesday, 7 December 2011
to be able to accept into the Offer before
the end of the Offer Period
Last practicable trading day for Before 5.00 pm GMT on Friday, 9
Bondholders to send their conversion notice December 2011
to Deutsche Bank AG, London Branch so that
they can be issued Shares:
- credited to Srate; and
- entered on Gold One`s South African Share
Register,
to be able to accept into the Offer before
the end of the Offer Period
Last practicable trading day for Before 5.00 pm GMT on Monday,
Bondholders to send their conversion notice 12 December 2011
to Deutsche Bank AG, London Branch so that
they can be issued Shares:
credited to CHESS; and
entered on Gold One`s Australian Share
Register,
to be able to accept into the Offer before
the end of the Offer Period
Offer Period under the Offer ends (subject 10.00 am CAT / 7.00 pm AEDT on
to extension) Thursday, 15 December 2011
Expected date of payment of Offer Friday, 23 December 2011
consideration to Shareholders
(Note: This date is subject to change and
depends on when Shareholders accept the
Offer and when the Offer becomes
unconditional)
Expected date of payment for and issue of Wednesday, 28 December 2011
shares in respect of the Initial
Subscription of A$150 million and
Additional Subscription, if any
(Note: This date depends on when the Offer
closes and payment under the Offer has been
made)
Notes:
- The above timetable is subject to change. Any changes will be announced
through the ASX Companies Announcement Platform and the Securities Exchange News
Service of the JSE.
- Shareholders are specifically informed that the closing date for the Offer may
change as permitted by or provided for in the Australian Corporations Act 2001
(Cth) which will affect some of the key dates set out above.
- Gold One and BCX Gold have agreed that the subscription will complete on
Wednesday, 28 December 2011 if the consideration for the Offer is paid on 23
December 2011.
- CAT means Central African Time, AEDT means Australian Eastern Daylight Time
and GMT means Greenwich Mean Time.
- The "last practicable dates" set out above for Optionholders and Bondholders
do not take into account any delay by the relevant securityholder in converting
their securities and assume that the relevant securityholder will accept their
resulting shares into the Offer immediately following issue of those resulting
shares. Gold One will make an announcement to ASX and JSE as soon as these
resulting shares have been issued. It is suggested that Optionholders and
Bondholders who want to accept the Offer convert their securities at their
earliest convenience.
ENDS
Johannesburg
21 November 2011
JSE Sponsor
Macquarie First South Capital (Pty) Limited
Issued by Gold One International Limited
www.gold1.co.za
On behalf of Gold One:
Neal Froneman
President and CEO
+27 11 726 1047 (office)
+27 83 628 0226 (mobile)
neal.froneman@gold1.co.za
Mark Wheatley
Chairman
+61 2 9963 6400 (office)
+61 417 688 539 (mobile)
mark.wheatley@gold1.com.au
Ilja Graulich
Investor Relations
+27 11 726 1047 (office)
+27 83 604 0820 (mobile)
ilja.graulich@gold1.co.za
Carol Smith
Investor Relations
+27 11 726 1047 (office)
+27 82 338 2228 (mobile)
carol.smith@gold1.co.za
Derek Besier
Farrington National Sydney
+61 2 9332 4448 (office)
+61 421 768 224 (mobile)
derek.besier@farrington.com.au
Sean Chilvers
Macquarie Capital
+27 11 583 2283 (office)
+27 83 280 4101 (mobile)
sean.chilvers@macquarie.com
Grey Egerton-Warburton
Hartleys
+61 8 9268 2851 (office)
+61 417 355 165 (mobile)
grey_warburton@hartleys.com.au
On behalf of the Consortium:
Clement Kwong
Long March Capital
+86 108 515 1966 (office)
+86 1860 218 9000 (mobile)
clement@longmarchcapital.com
Craig Forbes
Rand Merchant Bank
+27 11 282 1156 (office)
+27 72 237 2001 (mobile)
craig.forbes@rmb.co.za
About Gold One
Gold One is a gold producer listed on the financial markets operated by the ASX
Limited and the JSE Limited, issuer code GDO. Its flagship operation is the
newly built shallow Modder East mine on the East Rand, some 30 kilometres from
Johannesburg.
Modder East is the first new mine to be built in the region in 28 years and
distinguishes itself from most of the other gold mines in South Africa owing to
its shallow nature (300 metres to 500 metres below surface). To date Modder East
has provided direct employment opportunities for over 1 100 people. Gold One`s
other projects and targets include Ventersburg in the Free State Goldfields, the
Tulo concession in Mozambique and the Etendeka greenfield project in Namibia.
Gold One has an issued share capital of 809,324,408 shares.
About the Consortium
The members of the Consortium are established and based in the PRC. The
Consortium is led principally by Baiyin Non-Ferrous Group Co Ltd, which is a
Gansu-based resources smelting and extraction company with a history of more
than 50 years in China. China Africa Development Fund is primarily a financial
investor, and its parent, the China Development Bank Corporation is also
interested in exploring opportunities for follow-on debt and acquisition
financing arising from an investment in Gold One. Long March Capital Limited is
a privately-held investment manager based in Beijing and focussed on the
transactional management of resources investments by Chinese capital abroad.
Long March Capital Limited co-invests in transactions such as the investment in
Gold One, which will be made through co-managed PRC-based and offshore
investment vehicles. CITIC Kingview Capital Management Co. Ltd is an investment
management company, established in 2007, and held jointly by CITIC Group, CITIC
Trust and CITIC Capital, which focuses on the management of Chinese corporate
and individual capital investing in various sectors including real estate,
private equity, pre-IPOs and resources.
This news release does not constitute investment advice. Neither this news
release nor the information contained in it constitutes an offer, invitation,
solicitation or recommendation in relation to the purchase or sale of securities
in any jurisdiction.
This announcement is not for distribution, directly or indirectly, in or into
the United States and does not constitute or form part of an offer or
solicitation to acquire any securities of Gold One in the United States.
Date: 21/11/2011 07:08:12 Produced by the JSE SENS Department.
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