| Thu 15 Apr 2004, 18:06 | | DECLARATION INFORMATION RELATING TO A RIGHTS OFFE |
|
ANGLO AMERICAN PLATINUM CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1946/022452/06)
Share code: AMS
ISIN: ZAE000013181
("Anglo Platinum" or "the Company")
DECLARATION INFORMATION RELATING TO A RIGHTS OFFER OF 40 000 000 CONVERTIBLE
PERPETUAL CUMULUATIVE PREFERENCE SHARES
1. Introduction
Shareholders are referred to previous communication from the Company and are
advised that the directors of the Company have resolved to proceed with a
rights offer of 40 000 000 convertible perpetual cumulative preference shares
with a par value of one cent each ("preference shares") to shareholders of
the Company ("the rights offer"), recorded in the register of the company at
the close of business on Friday, 7 May 2004 ("the record date").
2. The purpose of the rights offer
The purpose of the rights offer is to raise R4 billion (before expenses) to
strengthen the balance sheet of the Company. This will ensure an appropriate
combination of debt and equity for the Company and will allow it to raise
further debt for expansion and replacement projects.
3. Irrevocable undertaking and underwriting
The Company has received an irrevocable undertaking from Anglo South Africa
Capital (Proprietary) Limited ("ASAC") to subscribe for or procure
subscriptions for all the preference shares to which it is entitled as a
shareholder in the Company. This irrevocable undertaking relates to
approximately 74.2% of the issued ordinary shares of Anglo Platinum and is
subject to the underwriting agreement, referred to below, becoming effective.
The Standard Bank of South Africa Limited and ASAC have jointly underwritten
the rights offer, in terms of which they have agreed to subscribe equally for
the preference shares that are not taken up pursuant to the rights offer.
4. Salient dates and times
The salient dates and times for the rights offer are set out below.
2004
Finalisation announcement in relation to Thursday, 22 April
the rights offer on
Last day to trade in ordinary shares in Friday, 30 April
order to settle by the record date and to
qualify to participate in the rights offer
(cum rights) on
Ordinary shares commence trading ex rights Monday, 3 May
at 09:00 on
Listing of and commencement of trading in Monday, 3 May
the letters of allocation on the JSE
Securities Exchange South Africa at 09:00
on
Record date for purposes of determining the Friday, 7 May
shareholders entitled to participate in the
rights offer at the close of business on
Rights offer opens at 09:00 on Monday, 10 May
Circular and form of instruction posted to Monday, 10 May
applicable shareholders on
Rights offer closes at 14:30 and payment to Friday, 28 May
be made and form of instruction lodged by
holders of certificated shares by that time
on (see note 2)
Record date for letters of allocation on Friday, 28 May
Results of rights offer announced on SENS Monday, 31 May
on
Preference share certificates in terms of Monday, 31 May
the rights offer posted to holders of
certificated shares on
Refund cheques, if applicable, posted to Monday, 31 May
holders of certificated shares in respect
of unsuccessful excess applications on or
about
CSDP/broker accounts credited with Monday, 31 May
preference shares and debited with any
payments due in respect of holders of
dematerialised shares on
Results of rights offer published in the Tuesday, 1 June
press on or about
Notes
1. The above dates and times are subject to change. Any such
change will be announced in the press and on SENS. All times
referred to in this announcement are local times in the Republic
of South Africa.
2. Holders of dematerialised shares are required to notify their
duly appointed CSDP or broker of their acceptance of the rights
offer in the manner and by the time stipulated in the agreement
governing the relationship between the shareholder and his CSDP
or broker.
3. SDPs effect payment in respect of holders of dematerialised
shares on a delivery versus payment method.
4. Share certificates may not be dematerialised or
rematerialised between Monday, 3 May 2004 and Friday, 7 May
2004, both days inclusive.
5. Condition precedent
The rights offer is conditional upon the underwriting agreement becoming
unconditional and effective by 16:30 on Wednesday, 21 April 2004.
6. Further announcement
A further announcement containing the finalisation information relating to
the rights offer and the salient features of the preference shares will be
published on 22 April 2004.
Johannesburg
15 April 2004
Investment bank and joint Sponsor
underwriter Merrill Lynch South Africa
The Standard bank of South (Proprietary) Limited
Africa Limited
Legal adviser to the Company Independent reporting accountants
Deneys Reitz Deloitte & Touche
Legal adviser to the
investment bank and joint
underwriter
Brink Cohen Le Roux Inc
Date: 15/04/2004 05:24:18 PM Produced by the JSE SENS Department
