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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Petmin | LSE:PTMN | London | Ordinary Share | ZAE000076014 | ORD ZAR0.25 (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 11.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jul 2019 to Jul 2024
TIDMPTMN
RNS Number : 3938W
Petmin Limited
30 January 2012
PETMIN LIMITED
Incorporated in the Republic of South Africa
Registration Number 1972/001062/06
Share Code JSE: PET & ISIN: ZAE000076014
Share Code AIM: PTMN
("Petmin" or "the Company")
PETMIN STATEMENT ON SAMQUARZ SALE AND COMPETITION TRIBUNAL APPEAL
Petmin and the proposed buyer of its SamQuarz silica mine, Thaba Chueu Mining (Pty) Limited (Thaba), have appealed against a decision by the Competition Commission to prohibit the sale.
A formal notice was filed with the Competition Tribunal by Petmin and Thaba on Friday 27 January 2012, asking the Tribunal to reconsider the Commission's decision.
This follows Petmin's statement of 16 January 2012, in which it advised that the Commission had said it would not authorise the sale of SamQuarz due to its strategic importance as a supplier to the producers of ferrosilicon and silicon metal in South Africa. Petmin had announced on 13 September 2011 that it had sold SamQuarz to Thaba for R259 million (plus all profits made after 1 July 2011 until closing of the transaction) subject to approval from the Commission and the Department of Mineral Resources.
It is anticipated that the legal process before the Tribunal will take approximately six months. During this time, Petmin will continue to operate SamQuarz as a profitable and productive mining business.
Enquiries:
Petmin
Bradley Doig +27 824 597 818
www.petmin.co.za
Nominated Advisor (AIM)
Numis Securities Limited +44 207 260 1000
Stuart Skinner
Sponsor and Corporate Advisor (JSE)
River Group
Andrew Lianos +27 834 408 365
Johannesburg
30 January 2012
This information is provided by RNS
The company news service from the London Stock Exchange
END
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