ACL - ArcelorMittal South Africa Limited - Lapsed agreement relating to the

Release Date: 06/10/2011 09:20
Code(s): ACL
Wrap Text

ACL - ArcelorMittal South Africa Limited - Lapsed agreement relating to the acquisition by Arcelormittal South Africa Operations (Pty) Ltd of 100% shareholding in Imperial Crown Trading 289 (Pty) Ltd ArcelorMittal South Africa Limited (Incorporated in the Republic of South Africa) Registration number: 1989/002164/06 Share code: ACL & ISIN: ZAE000134961 ("ArcelorMittal South Africa") LAPSED AGREEMENT RELATING TO THE ACQUISITION BY ARCELORMITTAL SOUTH AFRICA OPERATIONS (PTY) LTD ("OPCO") OF 100% SHAREHOLDING IN IMPERIAL CROWN TRADING 289 (PTY) LTD ("ICT") For the purpose of clarity, shareholders are referred to a voluntary announcement released on SENS on 10 August 2010, advising that ArcelorMittal South Africa, through its wholly owned subsidiary OPCO, entered into an agreement with ICT ("the agreement") for the acquisition of the entire issued share capital of ICT ("the proposed acquisition"). ICT is the holder of a prospecting right in relation to a 21.4% undivided share, granted by the Department of Mineral Resources, over the Sishen iron ore mining area. The proposed acquisition was subject to the fulfilment of certain conditions precedent and on 12 August 2011 the agreement lapsed without all the conditions being fulfilled. For JSE Limited Listings Requirements purposes, the proposed acquisition was not a categorised transaction and no related parties were involved. Vanderbijlpark 6 October 2011 Sponsor Deutsche Securities (SA) (Proprietary) Limited For further information please contact: Themba Hlengani - Manager: Corporate Communications Tel: (016) 889 2425 or 083 440 0158 Date: 06/10/2011 09:20:01 Supplied by Produced by the JSE SENS Department . The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
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