| Mon 13 Jun 2005, 9:17 | | Lonmin Offer For Southern Platinum Successful |
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Messina Limited - Lonmin Offer For Southern Platinum Successful
MESSINA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1950/035912/06)
Share Code: MES
ISIN: ZAE000004438
(`Messina`)
The following is an extract from a news release issued by Southern Platinum
Corp, Messina`s holding company, in Toronto on 10 June 2005.
`NEWS RELEASE
LONMIN OFFER FOR SOUTHERN PLATINUM SUCCESSFUL
LONDON, ENGLAND and TORONTO, ONTARIO - June 10, 2005 - Lonmin Investments Canada
Inc. (`Lonmin Investments`) and Southern Platinum Corp (`Southern Platinum`)
announces today that the conditions of its offer (the `Offer`) to acquire all of
the issued and outstanding common shares (the `Shares`) in the capital of
Southern Platinum Corp. (TSX:SPC) have been complied with or waived. The Offer
to acquire the Shares for cash consideration of C$2.66 per Share was made by
Lonmin Investments, a wholly owned subsidiary of Lonmin Plc (LSE:LMI), pursuant
to a take-over bid circular (the `Circular`) dated April 14, 2005 and extended
on May 19, 2005 to June 10, 2005.
Lonmin Investments has been advised that, as of 5:00 p.m. (Toronto time) on June
10, 2005, 81,027,739 Shares, representing approximately 92.6% of the aggregate
number of Shares issued and outstanding and approximately 82.8% of the Shares on
a fully diluted basis, have been tendered (or guaranteed for delivery) to the
Offer. Lonmin Investments has taken up these Shares and will pay for such Shares
within the prescribed time period under applicable laws.
In order to allow shareholders who have not had the opportunity to tender their
Shares (and be paid the consideration) under the Offer to do so, Lonmin
Investments has extended the Offer to 5:00 p.m. (Toronto time) on June 28, 2005.
A notice of extension has been mailed to shareholders today.
If the Offer is accepted by holders of not less than 90% of the Shares (as
defined in the Canada Business Corporations Act), Lonmin Investments intends to
acquire all outstanding Shares not tendered to the Offer pursuant to a
compulsory acquisition under the Canada Business Corporations Act as described
in the Circular.
If less than 90% of the Shares (as defined in the Canada Business Corporations
Act) are tendered by 5:00 p.m. (Toronto time) on June 28, 2005, Lonmin
Investments intends to proceed with a subsequent acquisition transaction as
described in the Circular. Lonmin Investments intends to hold any special
meeting of the shareholders of Southern Platinum Corp. required to approve the
subsequent acquisition transaction on August 9, 2005. Upon take up and payment
of the Shares tendered to the Offer to date, Lonmin Investments will hold a
number of Shares sufficient to enable all required corporate and securities laws
approvals to be obtained at such special meeting of shareholders and to complete
the subsequent acquisition transaction.
****************
This press release includes forward-looking statements. All statements other
than statements of historical fact included in this press release, and all
statements regarding plans, objectives and expected performance, are forward-
looking statements. These forward-looking statements have been based on current
expectations and projections about future events, including numerous
assumptions. Forward-looking statements generally can be identified by the use
of forward-looking terminology such as `ambition`, `may`, `will`, `expect`,
`intend`, `estimate`, `anticipate`, `believe`, `plan`, `seek` or `continue` or
negative forms or variations of similar terminology. Such forward-looking
statements involve known and unknown risks, uncertainties, assumptions and other
factors related to Lonmin Plc, Lonmin Investments and Southern Platinum Corp.
Forward-looking statements involve risks, uncertainties and assumptions. Actual
results may differ materially from those expressed in forward-looking
statements. Given these risks, uncertainties and assumptions, you are cautioned
not to put undue reliance on any forward-looking statements. In addition, the
inclusion of such forward-looking statements should under no circumstances be
regarded as a representation by Lonmin Plc or Lonmin Investments that either
will achieve any results set out in such statements or that the underlying
assumptions used will in fact be the case.
For Further Information:
Lonmin Plc:
Alex Shorland-Ball, Vice President Investor Relations & Communications -+44 20
7201 6060
Southern Platinum Corp:
Chris Reynolds, Secretary - +1 416 359 7800
Media Enquiries:
United Kingdom:
Nadja Vetter, Anthony Cardew - CardewGroup - +44 (0)20 7930 0777
South Africa:
Johannes van Niekerk - College Hill - +27 11 447 3030 or +27 82 921 9110
Canada:
John Lute - Lute & Company - +1 416 929 5883 ext 222`
Rosebank
13 June 2005
Sponsor
RAND MERCHANT BANK
(A division of FirstRand Bank Limited)
Date: 13/06/2005 09:07:09 AM
Produced by the JSE SENS Department
