| Fri 21 May 2004, 13:04 | | Conversion Price In Relation To |
|
Anglo American Platinum Corporation Limited - Conversion Price In Relation To
Release Date: 21/05/2004 12:57:52 Code(s): AMS
ANGLO AMERICAN PLATINUM CORPORATION LIMITED - CONVERSION PRICE IN RELATION TO
THE RIGHTS OFFER OF 40 000 000 CONVERTIBLE PERPETUAL CUMULUATIVE PREFERENCE
SHARES - (Amendment)
This announcement is not for distribution, directly or indirectly, in or into
the United States, Canada, Australia or the Republic of Ireland. The right to
subscribe for shares in jurisdictions other than the Republic of South Africa
may be restricted by law and a failure to comply with any of those
restrictions may constitute a violation of the securities laws of any such
jurisdictions. The rights offer will not be made, directly or indirectly in
the United Kingdom, the United States, Canada, Australia or the Republic of
Ireland, unless certain exemptions from the requirements of those
jurisdictions are applicable.
This announcement is not an offer of securities for sale into the United
States. The letters of allocation, the preference shares and the ordinary
shares have not been and will not be registered under the US Securities Act of
1933 or with any securities regulatory agency of any state or jurisdiction of
the United States and, subject to certain exceptions, may not be offered or
sold in the United States. No public offer of securities will be made in the
United States.
In relation to the United Kingdom, this announcement is being distributed only
to, and is directed at (a) persons who have professional experience in matters
relating to investments who fall within Article 19(1) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2001 (the `Order`)
or (b) high net worth entities, and other persons to whom it may otherwise
lawfully be communicated, falling within Article 49(1) of the Order (all such
persons together being referred to as `relevant persons`). The securities,
which are the subject of the rights offer, are available only to, and any
invitation, offer or agreement to subscribe, purchase or otherwise acquire
such securities will be available only to or will be engaged only with,
relevant persons. Any person who is not a relevant person should not act or
rely on this announcement or any of its contents. Persons distributing this
announcement must satisfy themselves that it is lawful to do so.
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`)
CONVERSION PRICE IN RELATION TO THE RIGHTS OFFER OF
40 000 000 CONVERTIBLE PERPETUAL CUMULUATIVE PREFERENCE SHARES
Shareholders of Anglo Platinum are referred to previous communication from the
Company regarding the rights offer of 40 000 000 convertible perpetual
cumulative preference shares with a par value of one cent each in the share
capital of the Company (`preference shares`) to shareholders of the Company
(`the rights offer`).
The conversion price relating to the preference shares has been determined as
R288.43. This represents the four-day volume weighted average price per ordinary
share of the Company up to and including Thursday, 20 May 2004, plus a 30%
premium thereon.
Johannesburg
21 May 2004
Investment bank and joint underwriter
STANDARD BANK
Sponsor
Merrill Lynch
Global Markets & Investment Banking Group
Merrill Lynch South Africa (Pty) Ltd
Registration number 1995/001805/07
Registered Sponsor and Member of the
JSE Securities Exchange South Africa
Legal adviser to Anglo Platinum
DENEYS REITZ
Attorneys
Financial adviser to Anglo American
Rand Merchant Bank
Corporate Finance
A Division of FirstRand Bank Limited
Legal adviser to the investment bank and joint underwriter
Brink Cohen Le Roux Inc
Attorneys
(Registration number 1993/004501/21)
Joint underwriter
ANGLO AMERICAN
Anglo South Africa (Proprietary) Limited
A member of the Anglo American plc group
Independent reporting accountants
Deloitte & Touche Chartered Accountants (SA)
Registered Accountants and Auditors
