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PALABORA MINING COMPANY LIMITED - Renewal of cautionary announcement

Release Date: 14/08/2013 13:00
Code(s): PAM     PDF:  
Wrap Text
Renewal of cautionary announcement

PALABORA MINING COMPANY LIMITED
(Incorporated in the Republic of South Africa)
Registration number – 1956/002134/06
JSE Code: PAM ISIN: ZAE000005245
("Palabora" or “the Company”)


RENEWAL OF CAUTIONARY ANNOUNCEMENT


Shareholders of Palabora ("Shareholders") are referred to (i) the announcement
published by the Company on the Stock Exchange News Service of the JSE Limited on
1 August 2013 (“Announcement”), in which Shareholders were advised of the
implementation of the sale by the Rio Tinto Group and Anglo South Africa Capital
Proprietary Limited of their collective 74.5% interest in the issued share capital of the
Company to a consortium comprising South African and Chinese entities led by the
Industrial Development Corporation of South Africa SOC Limited and Hebei Iron & Steel
Group Co. Ltd. ("Consortium"), as well as to (ii) the renewal of/update to cautionary
announcements published on 12 February 2013, 27 March 2013, 13 May 2013, 1 July
2013, 5 July 2013 and 18 July 2013 ("Cautionary Announcements"). The
Announcement referred to the requirement that the Consortium extend an offer to all
remaining Shareholders to acquire their ordinary shares in Palabora (“Mandatory
Offer”). The terms of the Mandatory Offer will be set out in a circular which is still to be
posted to Shareholders.


Shareholders are referred to the Cautionary Announcements and are advised to
continue exercising caution when dealing in Palabora's securities until the circular
containing the terms of the Mandatory Offer is posted to Shareholders, and a further
announcement to this effect is published.


Phalaborwa
14 August 2013


Sponsor
One Capital

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