10th Apr 2007 10:13
Vedanta Resources PLC10 April 2007 10 April 2007 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 April 20, 2007, unlessaccelerated or further extended. The Offer has been extended in a continuingeffort to obtain regulatory approval for Vedanta's preliminary filings in theUnited States to permit the extension of the Offer to Shareholders in the UnitesStates. Subject to applicable securities laws, any common shares validlydeposited to the Offer must be taken up and paid for within ten days of thedeposit 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 April 9, 2007, a total of 77,323,490 common shares of Sterlite Gold hadbeen taken up under the Offer, representing, together with common shares alreadyowned by TSI at the commencement of the Offer, approximately 84.2% of theoutstanding 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] Associate Director - Investor Relations Tel: +44 20 7659 4732 / +91 22 6646 1531 Vedanta Resources plc Faeth Birch Tel: +44 20 7251 3801 Alex Pettifer Finsbury 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 Vedanta will be successful in its efforts to secure United Statesregulatory approval to permit the extension of the Offer to shareholders in theUnited States. Since forward-looking statements are based on assumptions andaddress future events and conditions, by their very nature they involve inherentrisks and uncertainties. Actual results relating to, among other things, ourfinancial condition and prospects, could differ materially from those currentlyanticipated in such statements by reason of factors such as the behaviour offinancial and metals markets including the London Metal Exchange, fluctuationsin interest and or exchange rates and metal prices; from future integration ofacquired businesses; and from numerous other matters of national, regional andglobal scale, including those of a political, economic, business, competitive orregulatory nature. This list is not exhaustive of the factors that may affectany of our forward-looking statements contained in this release. These and otherfactors should be considered carefully and readers should not place unduereliance on our forward-looking statements. We do not undertake to update ourforward-looking statements. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Vedanta Resources