1st Dec 2006 07:02
Vedanta Resources PLC01 December 2006 1 December 2006 VEDANTA RESOURCES PLC ANNOUNCES EXTENSION OF OFFER Vedanta Resources plc ("Vedanta") announced today that it has further extendedits previously announced offer (the "Offer"), made through its wholly-ownedsubsidiary Twin Star International Limited ("TSI"), for all of the outstandingcommon shares of Sterlite Gold Ltd. (TSX: SGD) ("Sterlite Gold") not alreadyowned by TSI and its affiliates, excluding those common shares held by UnitedStates shareholders, on the basis of C$0.258 in cash per common share. The Offerwill now expire at 5:00 p.m. (Toronto time) on January 9, 2007, unless furtherextended. The Offer has been extended to allow time for, among other things,remaining Sterlite Gold shareholders to tender their common shares to the Offerand the satisfaction of certain applicable United States regulatory requirementsin order to permit Vedanta to extend the Offer to Sterlite Gold shareholders inthe United States. A notice of extension will promptly be mailed to thoseSterlite Gold shareholders to whom the Offer to Purchase and Circular wasoriginally sent. Subject to applicable securities laws, any common sharesvalidly deposited to the Offer must be taken up and paid for within ten days ofthe deposit of such common shares. Sterlite Gold shareholders are encouraged totender their remaining common shares to the Offer as soon as possible to receiveprompt payment. As of November 30, 2006, a total of 75,506,127 common shares of Sterlite Goldhad been taken up under the Offer, representing, together with common sharesalready owned by TSI at the commencement of the Offer, approximately 83.5% ofthe outstanding common shares of Sterlite Gold (on a fully-diluted basis). Sterlite Gold shareholders are advised to read the Notice of Extension, theOffer to Purchase and Circular, the Directors' Circular and related documents,filed with the Canadian securities regulatory authorities, as they containimportant information. Shareholders may obtain a copy of the materials at SEDARfrom www.sedar.com. Further information regarding Vedanta Resources plc or Twin Star InternationalLimited can be obtained by contacting: Sumanth Cidambi [email protected] Director - Investor Relations Tel: +44 20 7659 4732 / +91 22 6646 1531 Vedanta Resources plcJames MurgatroydRobin WalkerFinsbury Tel: +44 20 7251 3801 About Vedanta Resources plc Vedanta Resources plc is a FTSE 100 diversified metals and mining group. Itsprincipal operations are located throughout India, with further operations inZambia and Australia. The major metals produced are aluminium, copper, zinc andlead. For further information, please visit www.vedantaresources.com. Disclaimer The Offer is not being, and will not be, made in any jurisdiction where notpermitted by law. This communication shall not constitute an offer to sell orthe solicitation of an offer to buy, nor shall there be, any sale of securitiesin any jurisdiction in which the Offer, solicitation or sale would be unlawfulprior to registration or qualification under the securities laws of any suchjurisdiction. This press release contains "forward-looking statements" - that is, statementsrelated to future, not past, events. In this context, forward-looking statementsoften address our expected future business and financial performance, and oftencontain words such as "expects," "anticipates," "intends," "plans," "believes,""seeks," "should" or "will." This information is based upon certain materialfactors and assumptions that were applied in drawing a conclusion or making aforecast or projection as reflected in the forward-looking statements, includingthat the Offer will be made to United States shareholders. Since forward-lookingstatements are based on assumptions and address future events and conditions, bytheir very nature they involve inherent risks and uncertainties. Actual resultsrelating to, among other things, our financial condition and prospects, coulddiffer materially from those currently anticipated in such statements by reasonof factors such as the behaviour of financial and metals markets including theLondon Metal Exchange, fluctuations in interest and or exchange rates and metalprices; from future integration of acquired businesses; and from numerous othermatters of national, regional and global scale, including those of a political,economic, business, competitive or regulatory nature. This list is notexhaustive of the factors that may affect any of our forward-looking statementscontained in this release. These and other factors should be consideredcarefully and readers should not place undue reliance on our forward-lookingstatements. We do not undertake to update our forward-looking statements. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Vedanta Resources