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LON MES
LOLMI MES
Lonmin Plc/Messina - Sanctioning Of The Scheme Of Arrangement
Lonmin Plc
(Incorporated in England and Wales)
(Registered in the Republic of South Africa under registration number
1969/000015/10)
JSE code:LON
Issuer Code:LOLMI & ISIN:GB0031192486
("Lonmin")
Messina Limited
(Incorporated in the Republic of South Africa)
(Registration number 1950/035912/06)
JSE code:MES
ISIN: ZAE000004438
("Messina")
SANCTIONING OF THE SCHEME OF ARRANGEMENT
Further to the announcement dated Monday 16 January 2006, Messina shareholders
are advised that the scheme of arrangement ("the scheme") in terms of section
311 of the Companies Act, 1973 (Act 61 of 1973), as amended, ("the Act") as
proposed by Lonmin, between Messina and its shareholders other than Lonmin and
its subsidiaries, ("Messina minority shareholders") was sanctioned by the High
Court of South Africa (Witwatersrand Local Division) today, Tuesday, 24 January
2006.
The only remaining condition precedent to the scheme is that a certified copy of
the Order of the Court sanctioning the scheme be registered by the Registrar of
Companies ("Registrar") in terms of the Act. A certified copy of the Order of
Court has been lodged today Tuesday, 24 January 2006 and is expected to be
registered by the Registrar by Thursday, 26 January 2006. The scheme will be
implemented in accordance with the dates set out below.
2006
Last day to trade in Messina shares in order to be Friday, 27 January
recorded in the register on the record date for the
scheme
Date on which the Messina shares will be suspended Monday, 30 January
from the commencement of trade on the JSE Limited
("JSE") on
The record date for the scheme Friday, 3 February
Operative date of the scheme Monday, 6 February
Date from which the consideration will be made Monday, 6 February
available to scheme participants
Certificated shareholders will have their cheques Monday, 6 February
posted (provided that they have surrendered their
share certificates by 12:00 noon on Friday, 3
February 2006) or within five business days after
surrender if received after 12:00 noon on Friday, 3
February 2006 on
Date for termination of Messina"s listing on the Tuesday,7 February
JSE, from the commencement of trade on the JSE on
Shareholders are reminded that no dematerialisation or rematerialisation of
shares will take place after Friday, 27 January 2006.
Johannesburg
24 January 2006
Investment bank and corporate advisor to Lonmin
Nedbank Capital, a division of Nedbank Limited
Sponsor to Messina
RAND MERCHANT BANK, (A division of FirstRand Bank Limited)
Attorneys to the scheme
Cliffe Dekker Inc
Reporting Accountants
KPMG Inc
Independent adviser to the independent sub-committee of the Messina Board
PricewaterhouseCoopers Corporate Finance (Proprietary) Limited
Legal adviser to the independent sub-committee of the Messina Board
Webber Wentzel Bowens
Technical adviser to Messina
Snowden Mining Industry Consultants
Date: 24/01/2006 05:36:03 PM Produced by the JSE SENS Department
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