AQP - Aquarius Platinum Limited - Update on Zimbabwean Indigenisation process
AQP
AQP
AQP - Aquarius Platinum Limited - Update on Zimbabwean Indigenisation process
Aquarius Platinum Limited
(Incorporated in Bermuda)
Registration Number: EC26290
Share Code JSE: AQP
ISIN Code: BMG0440M1284
UPDATE ON ZIMBABWEAN INDIGENISATION PROCESS
Aquarius Platinum Limited ("Aquarius" or the "Company") today announces that
as part of the continuing negotiations between its indirect 50% subsidiary
Mimosa Holdings (Private) Limited ("Mimosa") and the Government of Zimbabwe
relating to its compliance with the Zimbabwean Indigenisation Act, Mimosa
today signed a Deed of Trust incorporating the Zvishavane Community Share
Ownership Trust (the "Trust"). The beneficiaries of the Trust include the
communities surrounding the Mimosa mine and the Deed of Trust is expected to
form an integral part of the overall Indigenisation Plan being developed
between Mimosa and the Government of Zimbabwe.
The Deed of Trust coming into effect and the issuing of equity in Mimosa to
the Trust is an indivisible part of a final Indigenisation Plan on which
Mimosa and the Government of Zimbabwe remain in discussions. The final terms
of the Indigenisation Plan will be announced as soon as this process is
concluded.
For further information please contact:
In the United Kingdom
Gavin Mackay
+44 7909 547 042
In Australia:
Willi Boehm
Aquarius Platinum Corporate Services
+61 8 9367 5211
In South Africa:
Stuart Murray
+27 (0) 11 656 1140
12 December 2011
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 12/12/2011 17:29:01 Produced by the JSE SENS Department.
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