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GEN - Piruto B.V. - Dealings disclosure

Release Date: 07/09/2011 15:17
Code(s): JSE
Wrap Text

GEN - Piruto B.V. - Dealings disclosure Piruto B.V. (Registration number B.V. 1610663) ("Glencore") DEALINGS DISCLOSURE Shareholders are referred to the joint cautionary announcement released by Optimum Coal Holdings Limited ("Optimum") on 1 September 2011, in which it was stated that a consortium comprising Glencore and Lexshell 849 Investments (Proprietary) Limited had advised Optimum that it may make a general offer to all shareholders of Optimum to acquire all of the issued shares in Optimum held by such shareholders, as contemplated in section 117(1)(c)(v) of the Companies Act 71 of 2008 ("Companies Act"). Glencore hereby advises that on 6 September 2011, it purchased 1 850 335 shares in Optimum for price of ZAR38.00 per share. Accordingly, shareholders are advised that, pursuant to regulation 111(2) of the Takeover Regulations, if an offer is made by Glencore or any of its concert parties for the remaining shares in Optimum within a period of six months from the date of this announcement, the offer consideration will not be lower than ZAR38.00 per share. This announcement is made in accordance with regulation 98(3) of the Takeover Regulations. The above transaction has resulted in Glencore increasing its beneficial interest in Optimum ordinary shares from 23.9% to 24.7%. Johannesburg 7 September 2011 General The release, publication or distribution of this announcement in jurisdictions other than South Africa may be restricted by law and, therefore, any persons who are subject to the laws of any jurisdiction other than South Africa should inform themselves about, and observe any applicable requirements in, those jurisdictions. This announcement is not intended to, and does not constitute, or form part of, an offer to sell or an invitation to purchase or subscribe for any securities or a solicitation of any vote or approval in any jurisdiction. Date: 07/09/2011 15:17:02 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

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