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AQP - Aquarius Platinum Limited - Joint Announcement
Aquarius Platinum Limited
(Incorporated in Bermuda)
Registration Number: EC 26290
Share code JSE: AQP
ISIN Code: BMG0440M1284
ASX / LSE / JSE JOINT ANNOUNCEMENT
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR
FROM THE UNITED STATES, CANADA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO
THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION
7 April 2009
Aquarius Platinum Limited ("Aquarius" or the "Company")
Dealing disclosure requirements
Terms used in this announcement shall have the same meanings as set out in the
prospectus published by Aquarius on 31 March 2008.
Further to the announcements made by the Company on 18 February 2009 and 26
March 2009 regarding a possible offer for Ridge Mining plc ("Ridge"), under
the provisions of Rule 8.3 of the Takeover Code, if any person is, or becomes,
`interested` directly or indirectly in 1% or more of any class of `relevant
securities` of the Company, all `dealings` in any `relevant securities` of the
Company (including by means of an option in respect of, or a derivative
referenced to, any such `relevant securities`) must be publicly disclosed by
no later than 3.30 pm (London time) on the London business day following the
date of the relevant transaction.
The directors of the Company announced on 26 March 2009 that the Company
intended to raise approximately GBP47.7 million through the fully underwritten
issue of 41,491,737 New Shares at a price of 115 pence per New Share,
representing 10.0 per cent of the enlarged issued ordinary share capital of
Aquarius on the basis of 1 New Share for every 9 Existing Shares (the "Rights
Issue").
In connection with the Rights Issue, the Company has agreed with the Panel
Executive that there is no requirement for dealings in entitlements to New
Shares under the Rights Issue (whether nil paid or fully paid) to be disclosed
under Rule 8 or Rule 38.5 of the Takeover Code provided that, under Rule 8.3,
any person who is interested in 1% or more of any class of the Company`s
relevant securities at midnight on the day that the New Shares resulting from
the Rights Issue are issued, or who was so interested at midnight on the
preceding business day, and who in either case either (i) dealt in
entitlements to New Shares under the Rights Issue (whether nil paid or fully
paid) at any time or (ii) subscribed for all or part of their entitlements
under the Rights Issue, must (without prejudice to any disclosure obligations
arising otherwise than in relation to dealings in Rights Issue entitlements)
disclose their aggregate interests, rights to subscribe and short positions in
the Company`s relevant securities by no later than 3.30pm on 1 May 2009, being
the day following the date on which the New Shares resulting from the Rights
Issue are issued.
Rules 8.1 and 38.5(b) should be applied accordingly, mutatis mutandis.
For the avoidance of doubt, there is no requirement under Rule 38.5(a) for a
connected exempt principal trader which has been granted recognised
intermediary status and which is acting in a client serving capacity to
disclose either (i) dealings in entitlements to New Shares under the Rights
Issue (whether nil paid or fully paid) or (ii) the subscription for New Shares
under the Rights Issue.
Enquiries:
Aquarius
In the UK & South Africa
Nick Bias
Tel: +41 (0)79 888 1642
In Australia:
Willi Boehm
Tel: +61 (0)8 9367 5211
Merrill Lynch
Andrew Osborne or Will Smith
Tel:+44 (0)20 7628 1000
Euroz Securities
Doug Young
Tel:+ 61 (0)8 9488 1400
Rand Merchant Bank
Peter Hayward-Butt or Carel
Vosloo
Tel: 27 (0)11 282 8000
Lazard
Peter Kiernan, Spiro Youakim or
Chris Seherr-Thoss
Tel:+44 (0)20 7187 2000
If you are in any doubt as to whether or not you are required to disclose a
dealing, please contact an independent financial adviser authorised under the
Financial Services Markets Act 2000, consult the Panel`s website at
http://www.thetakeoverpanel.org.uk/ or contact the Panel on telephone number
+44 20 7638 0129; fax +44 20 7236 7013.
These materials are not for distribution, directly or indirectly, in or into
the United States (including its territories and dependencies, any State of
the United States and the District of Columbia), Canada, or Japan. These
materials do not constitute or form a part of any offer or solicitation to
purchase or subscribe for securities in the United States. The securities
mentioned herein (the "Securities") have not been, and will not be, registered
under the United States Securities Act of 1933 (the "Securities Act").
The Securities may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act. There will be no public offer of the Securities in the
United States.
For further information please visit www.aquariusplatinum.com
Date: 07/04/2009 09:57:02 Supplied by www.sharenet.co.za
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