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AMS / AMSN - Anglo Platinum Limited - Anglo Platinum Rights offer
Anglo Platinum Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1946/022452/06)
Share code: AMS ISIN: ZAE000013181
Share code: AMSN ISIN: ZAE000143962
("Anglo Platinum" or "the Company")
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, THE UNITED KINGDOM, CANADA
OR JAPAN OR ANY JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION IS
UNLAWFUL.
ANGLO PLATINUM RIGHTS OFFER
Shareholders are referred to the announcements released on SENS on 8 February
2010, 19 February 2010 and 18 March 2010 and the circular dated 8 March 2010 in
terms of which Anglo Platinum announced the raising of R12.5 billion by way of
an underwritten rights offer of 24,891,473 new ordinary shares with a par value
of 10 cents each ("Rights Offer Shares") to qualifying Anglo Platinum ordinary
Shareholders and Anglo Platinum `A` ordinary Shareholders and their renouncees
("Shareholders") in the ratio of 10.3823 Rights Offer Shares for every 100 Anglo
Platinum ordinary shares or Anglo Platinum `A` ordinary shares (collectively
"shares") held on 5 March 2010 (the "Record Date") at a subscription price of
R502.18 per Rights Offer Share (the "Rights Offer").
The Rights Offer closed on Friday, 26 March 2010 and the results thereof are set
out in the table below.
Number of % of Rights
Rights Offer Offer
Shares Shares
Rights Offer Shares available for 24,891,473 100.0
subscription
Rights Offer Shares subscribed for 24,768,478 99.5
Excess Rights Offer Shares available 122,995 0.5
Excess Rights Offer Shares applied for 9,667,858 38.8
The Rights Offer was partially underwritten by Anglo South Africa Capital
(Proprietary) Limited ("ASAC") to the extent of 5,288,275 Rights Offer Shares
(the "Underwritten Rights Offer Shares").
Given that the Rights Offer was fully subscribed, after taking into account the
applications received for excess Rights Offer Shares, the Underwriter will not
be allocated any Rights Offer Shares pursuant to its underwriting of minority
entitlements.
The excess Rights Offer Shares applied for will be allocated to applicants in a
manner viewed as equitable in terms of the Listings Requirements of the JSE
Limited taking cognisance of the number of shares held by the Shareholder as at
the Record Date, including those taken up as a result of the Rights Offer, and
the number of excess Rights Offer Shares applied for by such Shareholder.
For Shareholders who have subscribed for Rights Offer Shares: (i) share
certificates will be posted to holders of certificated shares on or about
Monday, 29 March 2010; and (ii) the Central Securities Depository Participant
("CSDP") or Broker accounts of holders of dematerialised shares will be credited
with the Rights Offer Shares and debited with any payments due on Monday, 29
March 2010.
For Shareholders who have applied for, and been allocated, excess Rights Offer
Shares: (i) share certificates and/or refund cheques will be posted to holders
of certificated shares on or about Wednesday, 31 March 2010; and (ii) the CSDP
or Broker accounts of holders of dematerialised shares will be credited with the
excess Rights Offer Shares and debited with any payments due on Wednesday, 31
March 2010.
This announcement does not constitute or form part of any offer or solicitation
to purchase or subscribe for securities in the United States. The securities
have not been and will not be registered under the US Securities Act of 1933
(the "Securities Act") or the securities laws of any state or any other
jurisdiction of the United States. Consequently, they may not be offered, sold,
taken up, exercised, resold, renounced, transferred or delivered, directly or
indirectly, within the United States except pursuant to an applicable exemption
from, or in a transaction not subject to, the registration requirements of the
Securities Act and in compliance with any applicable securities laws of any
state or other jurisdiction of the United States. There will be no public offer
of securities in the United States.
Johannesburg
29 March 2010
Merchant bank and transaction sponsor
RAND MERCHANT BANK
A division of FirstRand Bank Limited
Legal advisor to the Company
DENEYS REITZ ATTORNEYS
Legal advisor to the Underwriter
Webber Wentzel Attorneys
Sponsor
Merrill Lynch
A subsidiary of Bank of America Corporation
Reporting accountants
Deloitte & Touche
Registered Auditors
Date: 29/03/2010 07:48:01 Supplied by www.sharenet.co.za
Produced by the JSE SENS Department.
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