Statement regarding share price movement

 

TIDMBRR 
 
RNS Number : 9834T 
Braemore Resources PLC 
16 June 2009 
 

 
Braemore Resources Plc 
("Braemore" or "the Company") 
Statement regarding share price movement 
 
The Board of Braemore (AIM: BRR, JSE: BRE) notes the recent volatility in the 
share price of the Company and confirms that it is in discussions with a third 
party which may or may not lead to an offer being made for the Company. At this 
stage there is no certainty that an offer will be made for the Company or of the 
terms on which any offer might be made. 
 
City Code on Takeovers and Mergers 
 
The Company has been advised by the Panel on Takeovers and Mergers that it did 
not consider the Company to have its place of central management and control in 
the United Kingdom and on that basis the Company was not subject to the City 
Code on Takeovers and Mergers ("the Code") and shareholders would not be 
afforded any protections under the Code. 
 
The Company is subject to the provisions of the South African Securities 
Regulation Code on Takeovers and Mergers and the Rules of the Securities 
Regulation Panel ("SRP"). 
 
Enquiries: 
Braemore Resources Plc 
Leon Coetzer, Chief Executive Officer                               +27 11 
557 6413 
WH Ireland: (Nomad and Joint Broker) 
James Joyce 
            [phone] 
Mirabaud Securities: (Joint Broker) 
Rory Scott     [phone] 
Qinisele Resources: (RSA Corporate Advisers) 
Dennis Tucker 
          [phone] 
Russell and Associates: (RSA Public Relations) 
Nicola Taylor/Charmane Russell                                         +27 11 
880 3924 
Walbrook PR: (UK Public Relations) 
Louise Goodeve/Leah Kramer                                              +44 207 
933 8780 
Sasfin: (RSA Corporate Sponsor) 
Sharon Owens 
         [phone] 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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