FLOR Fluormin

TIDMFLOR

RNS Number : 5617U

Fluormin PLC

02 January 2013

Fluormin plc

("Fluormin" or the "Company")

Final SALLIES DEBENTURE RESULT

LONDON, UK -- (Marketwire - 2 January 2013)

Fluormin Plc (AIM: FLOR) announces, pursuant to the mandatory bid process announced in January 2012, that its subsidiary Sallies Limited ("Sallies") has today announced the following result of the maturity cash payment (including final interest payment) and/or conversion to ordinary shares of Sallies' unsubordinated and unsecured convertible debentures of ZAR. 0.50 each as follows:

Sallies Debenture holders are advised that as at 17h00 on Friday, 28 December 2012, being the record date for interest payment, conversion or repayment, valid conversion requests had been received in respect of 47,644 debentures representing approximately 0.03% of Sallies debentures. Repayments will be made in respect of 3,570,380 debentures representing approximately 2.5% of Sallies debentures. The balance of Sallies debentures are held by Sallies' parent company, Afspar Limited, a subsidiary of Fluormin plc. Accordingly, and in accordance with the terms attaching to Sallies debentures, the aggregate cash payment to be made by Sallies to debenture holders will be R1,761,368.

Sallies debentures shall be delisted from 2 January 2013.

Contact Information

 
Fluormin plc 
Mark Bolton, Chief Executive Officer  +44 (0) 20 7034 7150, 
                                       mbolton@fluormin.com 
Westhouse Securities 
Martin Davison                        +44 (0) 20 7601 6100, 
                                       martin.davison@westhousesecurities.com 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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