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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Aquarius Platinum Limited       BMG0440M1284

AQUARIUS PLATINUM LIMITED

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Aquarius Platinum : Timetable in Relation to Completion of Sibane Transaction

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03/23/2016 | 03:50am EST

ed112464-338d-47fc-afd3-790ee84098cc.pdf


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



REGISTERED OFFICE

Aquarius Platinum Limited Clarendon House 2 Church Street Hamilton HMCX Bermuda Email: info@aquariusplatinum.com Telephone: +61 8 9367 5211 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

Aquarius Platinum Ltd. issued this content on 23 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 March 2016 08:49:23 UTC

Original Document: http://aquariusplatinum.com/sites/aquariusplatinum.com/files/2016 03 23 Timetable and Details in Relation to Sibanye Transaction_0.pdf

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