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FLOR Fluormin

13.50
0.00 (0.00%)
02 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Fluormin LSE:FLOR London Ordinary Share GB00B5PC8898 ORD 15P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 13.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Final Scheme Results re Sallies Limited (2701U)

19/12/2011 4:11pm

UK Regulatory


Fluormin (LSE:FLOR)
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TIDMFLOR

RNS Number : 2701U

Fluormin PLC

19 December 2011

Fluormin plc

("Fluormin" or the "Company")

Final Scheme Results re: Sallies Limited

Fluormin plc (AIM : FLOR) is pleased to announce the election results of the Sallies Limited ("Sallies") minority shareholders following the Company's successful offer, made under applicable South African regulatory rules, of 0.0276837 Fluormin ordinary shares or ZAR 0.14 cents for every Sallies ordinary share outstanding. Sallies' minority shareholders have elected to receive, in the aggregate, 1,734,969 Fluormin ordinary shares (the "Consideration Shares") and ZAR 38,870,813 (approximately GBP3,000,000). Application has been made for the Consideration Shares to be admitted to trading on AIM and admission is expected to occur on or about 20 December 2011, Fluormin's enlarged share capital will comprise a total of 55,762,772 ordinary shares.

The Company is in the process of making a mandatory offer to the minority Sallies' debenture holders, pursuant to the Takeover Regulations (as previously announced), which will expire on 20 January 2012. The Company has offered Sallies' debenture holders cash consideration of ZAR 0.50 cents per debenture or 0.064595 Fluormin ordinary shares for every Sallies debenture outstanding. Further announcements will be made by the Company throughout the offer period in this regard.

Contact Information

 
Fluormin plc 
 
Al Gourley, Joint Chief Executive   (44)020-7556-0940, agourley@fluormin.com 
 Officer 
 
Mark Bolton, Joint Chief Executive  (44)020-7556-0940, mbolton@fluormin.com 
 Officer 
 
 Westhouse Securities 
 
Martin Davison                      (44)020 7601 6100, martin.davison@westhousesecurities.com 
 
Tim Feather                         (44)020 7601 6100, tim.feather@westhousesecurities.com 
 
 Tavistock Communications 
 
Lydia Eades                         (44)020 7290 3150, leades@tavistock.co.uk 
 
Jos Simson                          (44)020 7290 3150, jsimson@tavistock.co.uk 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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