AQUARIUS PLATINUM LIMITED - Timetable and details in relation to completion of transaction with Sibanye

Release Date: 23/03/2016 10:40
Code(s): AQP
Wrap Text
Timetable and details in relation to completion of transaction with Sibanye

Aquarius Platinum Limited
(Incorporated in Bermuda)
Registration Number: EC26290
ISIN Code: BMG0440M1284
JSE Share Code: AQP


Aquarius Platinum Limited (Aquarius) refers to its announcement of 22 March in relation to
setting the Conditions Fulfilment Date for the proposed transaction with Sibanye Gold Limited
(Sibanye). All the details of the proposed transaction have been set out in previous
announcements released by Aquarius and in the notice of special general meeting,
explanatory memorandum and independent expert’s report (Meeting Materials) which were
released on 14 December 2015.


Set out below is a timetable of events leading up to completion of the transaction and
payment to Aquarius shareholders.

Event                                                                                           Indicative Time / Date

Conditions Fulfilment Date                                                                     Thursday, 24 March 2016

Announcement of Conditions Fulfilment                              By 5.00pm (Bermuda time) on Thursday, 24 March 2016                                                                            

Lodgement of application for delisting of Aquarius from                    By 5.00pm (local time for each exchange) on
the ASX, JSE and LSE                                                                            Tuesday, 29 March 2016

Last day to trade Aquarius shares on ASX, LSE and JSE                                             Friday, 1 April 2016

Cessation of transfers between each branch register of                        5.00pm (local time for each exchange) on 
Aquarius’ register of members                                                                     Friday, 1 April 2016

Suspension of trading on ASX, LSE and JSE                                                         Monday, 4 April 2016

Record Date for the Amalgamation                                              5.00pm (local time for each exchange) on 
                                                                                                  Friday, 8 April 2016

Effective Time (cancellation of Aquarius shares)                       8.30am (Bermuda time) on Tuesday, 12 April 2016

Delisting of Aquarius from ASX, LSE and JSE                        As soon as practicable following the Effective Time

Payment of consideration to Aquarius shareholders                                 On or before Thursday, 28 April 2016

End Date under the Implementation Agreement                                                                 6 May 2016


As noted above Aquarius shareholders will receive payment of the consideration by
Thursday, 28 April 2016. As set out in the Meeting Materials, Aquarius shareholders will
receive the consideration, being USD0.195 (in the equivalent of local currency) in cash,
without interest, for each Aquarius share that they own. Shareholders will receive payment
in the currency of the country of the relevant branch register on which such shareholders’
shares are registered, converted at the prevailing spot exchange rate on the Record Date
(being Friday 8 April 2016).

For illustrative purposes only, as at the date of this announcement, the consideration of
USD0.195 would be equivalent to GBP0.14, AUD0.26 and ZAR2.97 per Aquarius share,
based on the closing prices and spot exchange rates on 22 March 2016.


In accordance with the Implementation Agreement, the End Date was 6 April 2016. As the
Effective Time is not scheduled to occur until after this time, the parties agreed to extend the
End Date to 6 May 2016.

For further information please contact:

In Australia:
Willi Boehm
Aquarius Platinum Corporate Services Pty Ltd
+61 (0) 8 9367 5211

In South Africa:
Jean Nel
Aquarius Platinum (South Africa) (Pty) Ltd
 +27 (0) 10 001 2848

or visit:

23 March 2016

RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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