| Mon 31 May 2004, 16:39 | | RESULTS OF THE RIGHTS OFFER |
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This notice is not for distribution, directly or indirectly, in or into the
United States of America (`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 Platinum - Results Of The Rights Offer Of 40 000 000 Convertible Perpetual
Cumulative Preference Shares
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`)
RESULTS OF THE RIGHTS OFFER OF 40 000 000 CONVERTIBLE PERPETUAL CUMULATIVE
PREFERENCE SHARES
RESULTS OF THE RIGHTS OFFER
The directors of the Company are pleased to announce the results of 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`). Including excess
applications, the rights offer was over subscribed, as set out below.
- The Company 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 would have been entitled as a
shareholder in the Company. Of the total number of preference shares available
for issue in terms of the rights offer, 74.8%, amounting to 29 908 480
preference shares, will be issued to ASAC.
- Other shareholders and their renouncees subscribed for 9 525 063 of the
remaining 10 091 520 preference shares. In total, 39 433 543 of the 40 000 000
preference shares available in terms of the rights offer were taken up, equating
to an acceptance rate of 98.6%.
- Excess applications were received for 2 447 817 preference shares. The 566
457 unsubscribed preference shares, available for allocation, were allocated in
accordance with the Listings Requirements of the JSE Securities Exchange South
Africa, taking into account the number of preference shares to which
shareholders were entitled, together with the number of preference shares taken
up, in terms of the rights offer. Where applicable, excess allocations were
rounded up to 100 preference shares, provided that the resultant number did not
exceed the number of preference shares for which application had been made.
Accordingly, the underwriters were not called upon to subscribe for any
underwritten preference shares.
2. ADDITIONAL INFORMATION
2.1 Remaining salient dates
From the date of this announcement, or as soon as possible thereafter:
- preference share certificates in terms of the rights offer will be posted
to holders of certificated shares;
- refund cheques, if applicable, will be posted to holders of certificated
shares in respect of unsuccessful excess applications; and
- Central Securities Depository Participant or broker accounts will be
credited with preference shares and debited with any payments due in respect of
holders of dematerialised shares.
2.2 Conversion price
Shareholders are reminded that the conversion price in relation to the
preference shares, as announced on SENS on Friday, 21 May 2004, was determined
as R288.43, representing 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
31 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
The Standard Bank of South Africa Limited and Merrill Lynch are acting for Anglo
Platinum and no one else in connection with the rights offer and will not be
responsible to any other person for providing the protections afforded to
clients of Standard Bank or Merrill Lynch or for providing advice with respect
to the rights offer.
Date: 31/05/2004 04:18:49 PM Produced by the JSE SENS Department
