EXX-Exxaro Resources Limited - Exxaro and ASAC to Place 19,000,000 Exxaro sharesRelease Date: 03/04/2007 16:12:01 Code(s): EXX
EXX-Exxaro Resources Limited - Exxaro and ASAC to Place 19,000,000 Exxaro shares
Exxaro Resources Limited
(Previously Kumba Resources Limited)
(Incorporated in the Republic of South Africa)
(Registration number 2000/011076/06)
(Share code: EXX ISIN: ZAE000084992)
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO OR IN THE UNITED STATES,
CANADA, AUSTRALIA OR JAPAN.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM AN OFFER OF SECURITIES IN THE
UNITED STATES OR ANY OTHER JURISDICTION.
EXXARO AND ASAC TO PLACE 19,000,000 EXXARO SHARES
Further to the announcement issued on Monday, 2 April 2007, pertaining to the
launch of an accelerated bookbuilt placing (the "Placing") by Exxaro Resources
Limited ("Exxaro") and Anglo South Africa Capital (Proprietary) Limited
("ASAC"), ASAC has decided to place an additional 4,500,000 Exxaro ordinary
shares given market demand and in keeping with ASAC`s commitment to increase the
target free float of Exxaro to a minimum of 25%. The total placing will now be
19,000,000 Exxaro ordinary shares which will increase the free float of Exxaro
Pricing and allocations are expected to be announced as soon as practicable
following the closing of the books. The amount of the Placing proceeds and the
Placing price will be decided at the close of the accelerated bookbuilding
period following agreement between RMB Morgan Stanley, Morgan Stanley & Co.
International Limited, Rand Merchant Bank, a division of FirstRand Bank Limited,
ASAC and Exxaro. A further announcement will be made at that time. The timing of
the closing of the books, pricing and allocations may be amended at the absolute
discretion of RMB Morgan Stanley.
For further information please contact:
Exxaro: Trevor Arran +27 12 307 3292
Morgan Stanley: Beth Mandel +27 11 507 0810
Rand Merchant Bank: Peter Hayward-Butt +27 11 282 4416
This announcement is not for publication or distribution or release in the
United States of America (including its territories and possessions, any state
of the United States and the District of Columbia). This announcement does not
constitute or form part of an offer or solicitation of an offer to purchase or
subscribe for securities in the United States or any other jurisdiction. The
securities referred to herein have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "Securities Act"), and may
not be offered or sold, directly or indirectly, in the United States, absent
registration or an exemption from, or transaction not subject to, the
registration requirements of the Securities Act. No public offering of
securities is being made in the United States. This announcement does not and is
not intended to constitute an offer to the public in South Africa in terms of
Chapter VI of the South African Companies Act, 1973 (as amended).
Neither this announcement nor any copy of it may be taken, transmitted or
distributed, directly or indirectly in or into the United States, Canada,
Australia or Japan.
3 April 2007
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 03/04/2007 16:12:01 Supplied by www.sharenet.co.za
Produced by the JSE SENS Department .