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FIRESTONE ENERGY LIMITED - Closing of the takeover offer

Release Date: 10/10/2013 12:10
Code(s): FSE FSEO1     PDF:  
Wrap Text
Closing of the takeover offer

                                                                                                    About Firestone Energy
FIRESTONE ENERGY LIMITED 
(Incorporated in Australia) 
(Registration number ABN 058 436 794) 
Share code on the JSE Limited: FSE   
Share code on the ASX: FSE 
ISIN: AU000000FSE6 
(SA company registration number 2008/023973/10) 
("FSE" or "the Company") 

FIRESTONE ENERGY LIMITED – CLOSING OF THE TAKEOVER OFFER                                            Firestone Energy Limited is an
                                                                                                    independent, Australian exploration and
The following information is provided by Firestone Energy Limited (Firestone):                      development company listed on the
                                                                                                    Australian Stock Exchange Ltd (ASX) and
Takeover Offer                                                                                      the Johannesburg Stock Exchange (JSE).
                                                                                                    Firestone Energy has entered into a Joint
As announced on 17 December 2012, The Waterberg Coal Company Limited (WCC) made a                   Venture with Sekoko Resources (Pty) Ltd
takeover offer (Takeover Offer) in respect of all of the issued share capital in Firestone.         through which Firestone Energy has
                                                                                                    acquired the right to 60% participation
WCC closed the takeover offer on Monday, 23 September 2013 resulting in WCC acquiring               interests in the Waterberg Coal Project
1,148,632,708 fully paid ordinary shares in the capital of Firestone (FSE Shares), being a 32.36%   located in Lephalale area, Limpopo Province,
interest therein. In addition, WCC acquired 480,000,000 FSE Shares from Sekoko Resources            South Africa.
(Proprietary) Limited (Sekoko Resources) outside of the Takeover Offer, being a 13.52% interest
therein.                                                                                            The first stage of the project is to develop the
                                                                                                    Smitspan mine which has a substantial
As a result, WCC holds 1,628,632,708 FSE Shares, being a cumulative 45.88% interest in the total    measured thermal coal resource and to
FSE Shares on issue.                                                                                develop the Vetleegte mine which is a
                                                                                                    substantial metallurgical coal deposit.
Following the close of the Offer, in accordance with ASX Listing Rule 3.4.2, attached is:
                                                                                                    Firestone Energy is committed to becoming a
(a)        a distribution schedule for the ordinary shares in the Company; and
                                                                                                    profitable independent coal and energy
                                                                                                    producer at its projects in South Africa,
(b)        the names, numbers and percentages of ordinary shares held by the top 20 shareholders
                                                                                                    thereby making a substantial contribution to
           of the Company.
                                                                                                    the social and economic development of the
                                                                                                    Lephalale area and South Africa.
Yours faithfully,
                                                                                                    Corporate Details
                                                                                                                                         ASX: FSE
                                                                                                                                         JSE: FSE

                                                                                                                                    Issued Capital:
Stephen Miller                                                                                                       3,549 million ordinary shares
CEO                                                                                                                        Major Shareholders:
FIRESTONE ENERGY LIMITED                                                                                       The Waterberg Coal Company Ltd
                                                                                                                    Sekoko Resources (Pty) Ltd
                                                                                                                               Linc Energy Ltd
                                                                                                                         BBY Nominees Pty Ltd

                                                                                                                          Directors and Officers

                                                                                                                       Non Executive Directors:
                                                                                                                         Tim Tebeila (Chairman)
                                                                                                                                 Dr Pius Kasolo
                                                                                                                                Ben Mphahlele
                                                                                                                                Brian McMaster
                                                                                                                                     David Knox

                                                                                                                                    Officers:
                                                                                                          Mr Stephen Miller CEO and Executive
                                                                                                                                     Director
                                                                                                                     Ms Amanda Matthee CFO
                                                                                                      Mr David McEntaggart Company Secretary


                                                                                                                                        Contact:
                                                                                                                  Level1, 330 Churchill Avenue,
                                                                                                               Subiaco, Western Australia 6008
                                                                                                                       Tel: +61 (08) 9200 4465
                                                                                                                        Fax:+61(08) 9200 4469
                                                                                                              Web: www.firestoneenergy.com.au
Top 20 Ordinary Share Holders


 Rank     Holder                                                            Percentage
                                                               Shares
                                                                               (%)


 1.       THE WATERBERGY COAL COMPANY LIMITED               651,743,663       18.36

 2.       BBY NOMINEES PTY LTD                              600,844,061       16.93

 3.       AET SFS PTY LTD WCC SBSA                          496,889,045       14.00

 4.       AET SFS PTY LTD  ARIONA SBSA                      480,000,000       13.52

 5.       LINC ENERGY LIMITED                               283,336,423        7.98

 6.       BIOTRACE TRADING 316 (PTY) LTD                     60,896,890        1.72

 7.       UZALILE INVESTMENTS PTY LTD                        55,000,000        1.55

 8.       SUNGU SUNGU RESOURCES                              27,099,352        0.76

 9.       SANPOINT PTY LTD  FIORE FAMILY FUND A/C            25,000,000        0.70

 10.      FMR INVESTMENTS PTY LIMITED                        18,001,750        0.51

 11.      UOB KAY HIAN PRIVATE LIMITED  CLIENTS A/C          17,115,706        0.48

 12       MR DARYL PONSFORD                                  14,500,000        0.41

 13.      PHASHA INVESTMENT HOLDINGS (PTY) LT                14,254,000        0.40

 14.      AUSTRALIA AND NEW ZEALAND BANKING GROUP
                                                             12,027,916
          LIMITED                                                              0.34

 15.      MR TERENCE EDWARD STANTON + MS GRACE
          MURIEL STANTON  TE&GMSTANTON SUPER                 12,000,000
          FUND A/C                                                             0.34

 16.      CITICORP NOMINEES PTY LIMITED                      11,924,113        0.34

 17.      MR MICHAEL SKELLERN                                11,200,000        0.32

 18.      MR EMILE ALFRED NESSIM                             10,000,000        0.28

 19.      JP MORGAN NOMINEES AUSTRALIA LIMITED
                                                             9,467,685
           CASH INCOME A/C                                                     0.27

 20.      ELKSTONE PTY LTD  WILSHAW SUPER FUND
                                                             8,750,000
          A/C                                                                  0.25

                                           Total (Top 20)   2,820,050,604     79.46

                                        Total (Remaining)   729,648,119       20.54
Distribution Schedule

Ordinary Shares
 Range                               Total Holders              Shares       Percentage

 1 - 1,000                                           1,804     771,247         0.02%

 1,001 – 10,000                                      1,340    4,431,176        0.12%

 10,001 – 100,000                                    1,200    60,581,138       1.71%

 100,001 – 1,000,000                                 892     299,554,777       8.44%

 1,000,001 - 9,999,999,999                           170     3,184,360,385    89.71%

 
                            Total                   5,406   3,549,698,723     100%

10 October 2013
Johannesburg

Sponsor
River Group


Date: 10/10/2013 12:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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