Aquarius Platinum Timetable & Details re Sibanye Transaction
23 March 2016 - 7:47PM
UK Regulatory
TIDMAQP
AQUARIUS PLATINUM LIMITED
ASX, LSE & JSE
23 March 2016
TIMETABLE AND DETAILS IN RELATION TO COMPLETION OF TRANSACTION WITH SIBANYE
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.
TIMETABLE
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 By 5.00pm (local time for each
of Aquarius from the ASX, JSE and LSE exchange) on Tuesday, 29 March 2016
Last day to trade Aquarius shares on Friday, 1 April 2016
ASX, LSE and JSE
Cessation of transfers between each 5.00pm (local time for each exchange)
branch register of Aquarius' register of on Friday, 1 April 2016
members
Suspension of trading on ASX, LSE and Monday, 4 April 2016
JSE
Record Date for the Amalgamation 5.00pm (local time for each exchange)
on Friday, 8 April 2016
Effective Time (cancellation of Aquarius 8.30am (Bermuda time) on Tuesday, 12
shares) April 2016
Delisting of Aquarius from ASX, LSE and As soon as practicable following the
JSE Effective Time
Payment of consideration to Aquarius On or before Thursday, 28 April 2016
shareholders
End Date under the Implementation 6 May 2016
Agreement
PAYMENT TO AQUARIUS SHAREHOLDERS
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.
END DATE
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: www.aquariusplatinum.com
REGISTERED OFFICE
Aquarius Platinum Limited - Clarendon House -2 Church Street - Hamilton HMCX
Bermuda
Email: info@aquariusplatinum.com
Telephone: +61 8 9367 5211
END
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