Update on Scheme of Arrangement
11 November 2010 - 11:45PM
UK Regulatory
TIDMBRM
RNS Number : 0360W
Brinkley Mining PLC
11 November 2010
Not for release, publication or distribution in whole or in part in, into or
from any jurisdiction where to do so would constitute a violation of the
relevant laws or regulations of such jurisdiction.
For immediate release
11 November 2010
Brinkley Mining Plc
("Brinkley Mining" or the "Company")
Court Meeting
The Board of Brinkley Mining announces that at the Court Meeting held earlier
today in connection with the proposed acquisition of Brinkley Mining by Eurogold
Limited by way of a Scheme of Arrangement, the Scheme was sanctioned.
As a result of this Court Meeting, and as set out in the Scheme Document,
Brinkley's Ordinary Shares have been suspended from trading on AIM with effect
from 7.30am this morning.
The expected timetable remains as follows:
+---------------------------------------------+---------------------+
| Scheme Record Time | 6.00 p.m. on 17 |
| | November 2010 |
+---------------------------------------------+---------------------+
| Court Hearing to confirm the Reduction of | 17 November 2010 |
| Capital | |
+---------------------------------------------+---------------------+
| Scheme Effective Date | 18 November 2010 |
+---------------------------------------------+---------------------+
| Cancellation of admission of Brinkley | 7.00 a.m. on 22 |
| Shares to trading on AIM | November 2010 |
+---------------------------------------------+---------------------+
| Admission of New Eurogold Shares to | no later than 6 |
| quotation on ASX | December 2010 |
+---------------------------------------------+---------------------+
| CHESS stock accounts credited with New | no later than 6 |
| Eurogold Shares in uncertificated form | December 2010 |
+---------------------------------------------+---------------------+
All references in this document to times are to times in London (unless
otherwise stated).
For further information please contact:
Brinkley Mining Plc
Peter Gunzburg
Tel: +618 94810572
Beaumont Cornish Limited
Michael Cornish
Tel: +44 (0) 20 7628 3396
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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