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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sylvania | LSE:SLV | London | Ordinary Share | AU000000SLV8 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 48.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSLV
RNS Number : 2498A
Sylvania Resources Ltd
28 January 2011
Sylvania Resources Limited ('Sylvania' or the 'Company')
ASX, AIM: SLV
UPDATE TO INDICATIVE SCHEME TIMETABLE
Sylvania Resources Limited (Sylvania Resources or the Company) advises that, following discussions with ASX, the indicative Scheme timetable as set out in the 'Key Dates' section on page 7 of the Scheme Booklet and the 'Expected Timetable of Principal Events' section on page 6 of the Appendix to the AIM Schedule 1 Announcement is updated as follows:
Last time and date by which holders of Sylvania 3.00am (GMT) Resources DIs can return a Form of Instruction on 26 February 2011 Last time and date by which Proxy Forms 11.00am (WST) can be lodged on 28 February 2011 Time and date for determining eligibility 7.00am (GMT) of holders of Sylvania Resources DIs to on 28 February vote at Scheme Meeting 2011 Time and date for determining eligibility 11.00am (WST) of Sylvania Resources shareholders to vote on 28 February at Scheme Meeting 2011 Time and date of the Scheme Meeting 11.00am (WST) on 2 March 2011 If the resolution considered at the Scheme Meeting is approved: Court hearing for approval of the Scheme 8 March 2011 Effective Date 9 March 2011 Last day of trading on ASX and cancellation 9 March 2011 of trading on AIM of Sylvania Resources Shares Commencement of trading of Sylvania Platinum 10 March 2011 Shares on ASX on a deferred settlement basis Time and date for determining entitlements 7.00am (GMT) of holders of Sylvania Resources DIs to on 17 March Scheme Consideration under the Scheme 2011 Time and date for determining entitlements 7.00pm (WST) of Sylvania Resources shareholders to Scheme on 17 March Consideration under the Scheme 2011 Implementation Date - issue of Sylvania 18 March 2011 Platinum Shares and Sylvania Platinum DIs under the Scheme and transfer of Sylvania Resources Shares to Sylvania Platinum Despatch of holding statements for Sylvania 24 March 2011 Platinum Shares issued under the Scheme Last day of deferred settlement trading 24 March 2011 of Sylvania Platinum Shares on ASX Sylvania Platinum Shares begin trading on 25 March 2011 ASX on normal settlement basis and commencement of trading of Sylvania Platinum Shares on AIM with holders of Sylvania Platinum DIs settling trades on AIM in CREST
The above timetable is indicative only. The actual timetable will depend upon the time at which the conditions precedent to the Scheme, including conditions relating to receipt of regulatory approvals, are satisfied or if applicable, waived. Those conditions are summarised in section 1.6(a) of the Scheme Booklet and the Appendix to the Schedule 1 announcement. Sylvania Resources has the right to vary the timetable set out above subject to the approval of such variation by the Court and ASX where required. Any variation to the timetable set out above will be announced by the Company and published on Sylvania Resources' website at www.sylvaniaresources.com.
The changes to the indicative timetable are:
-- the date for determining entitlements of Sylvania Resources shareholders and holders of Sylvania Resources DIs to Scheme Consideration is now 17 March 2011 (not 16 March 2011);
-- the Implementation Date is now 18 March 2011 (not 17 March 2011);
-- the date of despatch of holding statements for Sylvania Platinum Shares issued under the Scheme and the last day of deferred settlement trading of Sylvania Platinum Shares on ASX is now 24 March 2011 (not 23 March 2011); and
-- normal trading of Sylvania Platinum Shares on ASX and commencement of trading of Sylvania Platinum Shares on AIM now occurs on 25 March 2011 (not 24 March 2011).
Defined terms used in this announcement have the same meaning as given to them in the Scheme Booklet and AIM Schedule 1 Appendix.
-End-
For further information please contact:
In South Africa Terence McConnachie (CEO Sylvania Resources Limited) (+27 11) 673 1171
Louis Carroll (FD/Joint Company Secretary) Sylvania Resources Limited (+27 11) 673 1171
In Australia
Richard Rossiter (Chairman) Sylvania Resources Limited
(+614) 1868 8338
Grant Button (Director/Joint Company Secretary) Sylvania Resources Limited (+618) 9226 4777
In United Kingdom Richard Brown/ Ben Wright
Ambrian Partners Limited +44 (0) 20 7634 4700
Laurence Read/Beth Harris
Threadneedle Communications
+44 (0) 20 7653 9855
This information is provided by RNS
The company news service from the London Stock Exchange
END
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