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 of Aquarius from the ASX, JSE and
LSE |
By 5.00pm (local time
for each exchange) on 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 Aquarius’ register of members |
5.00pm (local time for
each exchange) on 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 |
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
