Aquarius Platinum Timetable & Details re Sibanye Transaction

 
TIDMAQP 
 
AQUARIUS PLATINUM LIMITED 
 
ASX, LSE & JSE 
 
                                                                  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   By 5.00pm (local time for each 
of Aquarius from the ASX, JSE and LSE    exchange) on Tuesday, 29 March 2016 
 
Last day to trade Aquarius shares on     Friday, 1 April 2016 
ASX, LSE and JSE 
 
Cessation of transfers between each      5.00pm (local time for each exchange) 
branch register of Aquarius' register of on Friday, 1 April 2016 
members 
 
Suspension of trading on ASX, LSE and    Monday, 4 April 2016 
JSE 
 
Record Date for the Amalgamation         5.00pm (local time for each exchange) 
                                         on Friday, 8 April 2016 
 
Effective Time (cancellation of Aquarius 8.30am (Bermuda time) on Tuesday, 12 
shares)                                  April 2016 
 
Delisting of Aquarius from ASX, LSE and  As soon as practicable following the 
JSE                                      Effective Time 
 
Payment of consideration to Aquarius     On or before Thursday, 28 April 2016 
shareholders 
 
End Date under the Implementation        6 May 2016 
Agreement 
 
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 
[phone] 
 
In South Africa: 
Jean Nel 
Aquarius Platinum (South Africa) (Pty) Ltd 
[phone] 
 
or visit: www.aquariusplatinum.com 
 
REGISTERED OFFICE 
Aquarius Platinum Limited - Clarendon House -2 Church Street - Hamilton HMCX 
Bermuda 
Email: [e-mail] 
Telephone: [phone] 
 
 
 
END 
 

(END) Dow Jones Newswires

March 23, 2016 04:47 ET (08:47 GMT)