EXX - Exxaro Resources Limited - Placement of 19,000,000 Exxaro Shares Release Date: 03/04/2007 17:55:03 Code(s): EXX
EXX - Exxaro Resources Limited - Placement of 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.
PLACEMENT OF 19,000,000 EXXARO SHARES
Exxaro Resources Limited ("Exxaro") and Anglo South Africa Capital (Proprietary)
Limited ("ASAC") are pleased to announce that, following agreement between
Exxaro, ASAC, RMB Morgan Stanley (the "Bookrunner"), Morgan Stanley & Co.
International Limited ("Morgan Stanley") and Rand Merchant Bank, a division of
FirstRand Bank Limited ("RMB"), (the "Joint Financial Advisors") 19,000,000
ordinary shares in Exxaro (the "Placing Shares"), representing in aggregate
approximately 5.4% of the issued share capital of Exxaro (the "Placing"), have
been placed at a price of 64 Rands per ordinary share raising gross proceeds of
R1,216 million. The Placing will increase the free float of Exxaro to 25.7%.
Settlement of the Placing is expected to take place on 13 April 2007.
The Placing was oversubscribed and the Placing price of 64 Rands represents a
discount of 1.5% to the closing price of Exxaro shares on the JSE Limited on 2
The arrangements of the Placing provide that following completion of the
Placing, Exxaro and ASAC will not, for a period of 90 days and 60 days,
respectively, sell or issue, where applicable, further shares of Exxaro, except
pursuant to Exxaro`s transactions set out in the circular to Kumba Resources
Limited shareholders dated 9 October 2006.
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This announcement is not for publication or distribution or release in the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 17:55:03 Supplied by www.sharenet.co.za
Produced by the JSE SENS Department .