6th Jul 2005 07:00
Lonmin PLC06 July 2005 LONMIN COMPULSORY ACQUISITION OF REMAINING SHARES OF SOUTHERN PLATINUM LONDON, ENGLAND and TORONTO, ONTARIO - July 6, 2005 - Lonmin Investments CanadaInc. ("Lonmin Investments") announces that on June 30, 2005 it sent out a noticeof compulsory acquisition to the remaining registered holders of common shares("Shares") in the capital of Southern Platinum Corp. Lonmin Investmentscurrently holds 85,096,881 Shares acquired pursuant to the take-over bid thatconcluded on June 28, 2005, representing approximately 97.2% of the aggregatenumber of Shares issued and outstanding and approximately 91.0% of the Shares ona fully diluted basis. In accordance with the Canada Business Corporations Act, Lonmin Investments hastransferred to CIBC Mellon Trust Company (to be held in trust) sufficient fundsto pay all remaining holders of Shares C$2.66 per Share, the amount to whichthey would be entitled if they elect to receive the consideration paid to theholders of Shares who accepted the take-over bid. Following the completion of the compulsory acquisition, which is expected tooccur no later than July 30, 2005, Lonmin Investments will be the soleshareholder of Southern Platinum Corp. In light of this change in circumstance,the Board of Directors of Southern Platinum Corp. has cancelled the formalshareholders meeting previously scheduled for August 9, 2005. **************** This press release includes forward-looking statements. All statements otherthan statements of historical fact included in this press release, and allstatements regarding plans, objectives and expected performance, areforward-looking statements. These forward-looking statements have been based oncurrent expectations and projections about future events, including numerousassumptions. Forward-looking statements generally can be identified by the useof forward-looking terminology such as "ambition", "may", "will", "expect","intend", "estimate", "anticipate", "believe", "plan", "seek" or "continue" ornegative forms or variations of similar terminology. Such forward-lookingstatements involve known and unknown risks, uncertainties, assumptions and otherfactors related to Lonmin Plc, Lonmin Investments and Southern Platinum Corp. Forward-looking statements involve risks, uncertainties and assumptions. Actualresults may differ materially from those expressed in forward-lookingstatements. Given these risks, uncertainties and assumptions, you are cautionednot to put undue reliance on any forward-looking statements. In addition, theinclusion of such forward-looking statements should under no circumstances beregarded as a representation by Lonmin Plc or Lonmin Investments that eitherwill achieve any results set out in such statements or that the underlyingassumptions used will in fact be the case. For Further Information: Lonmin and Southern Platinum: Alex Shorland-Ball, Vice President Investor Relations & Communications, LonminPlc - +44 20 7201 6060 Media Enquiries: United Kingdom:Nadja Vetter, Anthony Cardew - CardewGroup - +44 (0)20 7930 0777 South Africa:Johannes van Niekerk - College Hill - +27 11 447 3030 or +27 82 921 9110 Canada:John Lute - Lute & Company - +1 416 929 5883 ext 222 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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