Alcan expires with over 98%
09/11/2007 7:02am
UK Regulatory
RNS Number:3517H
Rio Tinto PLC
09 November 2007
Rio Tinto Offer for Alcan expires with over 98 per cent of shares tendered
Rio Tinto today announces that the offer (the "Offer") by Rio Tinto Canada
Holding Inc. ("RTCH") to acquire all of the shares of Alcan Inc. ("Alcan") is
now closed for acceptance.
As at the expiry time of the Offer (6:00pm Eastern Time (Canada) on November 8,
2007), approximately 8,585,000 additional common shares of Alcan have either
been validly deposited and taken up or are covered by notices of guaranteed
delivery. These additional shares (which represent approximately 2.28 per cent
of the outstanding shares), together with approximately 360,431,000 shares
already beneficially owned by RTCH, represent approximately 98.10 per cent of
the outstanding shares of Alcan.
RTCH will promptly exercise its right to acquire all the remaining Alcan shares
by way of compulsory acquisition under the Canada Business Corporations Act.
Notices of compulsory acquisition will be mailed to remaining shareholders as
soon as practicable.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK,
combining Rio Tinto plc, a London listed company, and Rio Tinto Limited, which
is listed on the Australian Securities Exchange.
Rio Tinto's business is finding, mining, and processing mineral resources. Major
products are aluminium, copper, diamonds, energy (coal and uranium), gold,
industrial minerals (borax, titanium dioxide, salt, talc) and iron ore.
Activities span the world but are strongly represented in Australia and North
America with significant businesses in South America, Asia, Europe and southern
Africa.
For further information or a copy of reports filed under Canadian securities
legislation, please contact:
Rio Tinto Canada Holding Inc.
770 Sherbrooke Street West, Suite 1800
Montreal, Quebec H3A1G1
Or please contact:
Media Relations, London Media Relations, Australia
Nick Cobban Ian Head
Office: +44 (0) 20 8080 1305 Office: +61 (0) 3 9283 3620
Mobile: +44 (0) 7920 041 003 Mobile: +61 (0) 408 360 101
Amanda Buckley
Office: +61 (0) 3 9283 3627
Mobile: +61 (0) 419 801 349
Investor Relations, London Investor Relations, Australia
Nigel Jones Dave Skinner
Office: +44 (0) 20 7753 2401 Office: +61 (0) 3 9283 3628
Mobile: +44 (0) 7917 227 365 Mobile: +61 (0) 408 335 309
Investor Relations, North America
David Ovington Jason Combes
Office: +44 (0) 20 7753 2326 Office: +1 (0) 801 685 4535
Mobile: +44 (0) 7920 010 978 Mobile: +1 (0) 801 558 2645
Email: questions@riotinto.com
Website: www.riotinto.com
High resolution photographs available at: www.newscast.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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