MXX Mineral Sec

    RNS Number : 9359D
  Mineral Securities Limited
  22 September 2008
   

    MINERAL SECURITIES LIMITED

    ASX/AIM ANNOUNCEMENT

    22 SEPTEMBER 2008

     COMPULSORY REDEMPTION OF OUTSTANDING SHARES


    Mineral Securities Limited ("Minsec" or the "Company") wishes to advise that it has received notice this morning from its 94.7%
shareholder CopperCo Limited ("Copperco"), requiring the Company to redeem all outstanding shares of the Company, other than those owned by
CopperCo. 

    A notice advising full details of the redemption process will be posted to every Minsec shareholder, depository interest holder and
CHESS depository interest holder today. The redemption will take effect immediately following the close of the notice period at 5.00pm
London time on Monday 29 September 2008, subject to certain statutory protection rights for shareholders.

    Mineral Securities has agreed with AIM Regulation that cancellation of its listing will take place immediately following completion of
the compulsory redemption, when CopperCo has acquired 100% of the outstanding shares. The earliest date that cancellation could occur is
Tuesday 30 September 2008 

    The Australian Securities Exchange ("ASX") has advised that the Company will in accordance with ASX Listing Rule 17.4, be suspended from
trading on the ASX five (5) business days from the date on which it receives a copy of compulsory redemption notice. It is anticipated that
the compulsory redemption notice will be provided to the ASX later today. The Company will then be delisted under ASX Listing Rule 17.14 at
the close of trading on a date decided by the ASX.



    For further information please contact:

    Keith Liddell, Chief Executive Officer
    David Hillier, Chief Financial Officer
    Tel: +44 20 7478 5100 (London)

    Nominated Adviser: RBC Capital Markets
    Martin Eales Tel: +44 20 7029 7881


This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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