16th Apr 2008 12:54
Aquarius Platinum Ld16 April 2008 Aquarius Platinum Limited(Incorporated in Bermuda)Share code ASX: AQPShare code LSE: AQPShare code JSE: AQPISIN number: BMG0440M1029("Aquarius" or "the Company") NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO OR IN THE UNITED STATES,CANADA, OR JAPAN. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF AN OFFER OF SECURITIES INTHE UNITED STATES OR ANY OTHER JURISDICTION. COMPLETION OF EQUITY PLACING Aquarius is pleased to announce the successful completion of the acceleratedbookbuild placing announced on 15 April 2008 (the "Placing"). The Company will issue a total of 23,144,000 new common shares of US$0.05 eachin Aquarius Platinum Limited (the "Placing Shares") have been placed at a priceof 800 pence per Placing Share, raising gross proceeds of approximately $366million (GBP 185 million). The price of the Placing Shares in Australiandollars and South African rand, the currencies in which the shares are quoted onthe ASX Limited and the JSE Limited respectively, was set at AU$ 16.95 perPlacing Share and ZAR 126.08 per Placing Share. The Placing Shares being issuedrepresent approximately 9.0 per cent. of Aquarius' issued share capital prior tothe Placing. RMB Morgan Stanley acted as global bookrunner for the Placing withEuroz Securities Limited and Investec Bank (UK) Limited acting as co-leadmanagers. The Placing Shares will, when issued, be credited as fully paid and will rankpari passu in all respects with the existing issued common shares of theCompany, including the right to receive future dividends and other distributionsdeclared, made or paid after the date of their issue. Application will be madeto the FSA for the Placing Shares to be admitted to the official list maintainedby the FSA (the "Official List") and to the LSE, the ASX Limited and the JSELimited for the Placing Shares to be admitted to trading. For further information please contact: Aquarius: Willi Boehm +61 (0)8 9367 5211 RMB Morgan Stanley: Chris Meyer +27 (0)11 282 8286 Morgan Stanley: Alastair Cochran +44 (0)20 7677 5039 / Peter Bacchus +44 (0)20 7425 4669 Rand Merchant Bank: Justin Bothner +27 (0)11 282 4150 This announcement has been issued by the Company and is the sole responsibilityof the Company. RMB Morgan Stanley, Morgan Stanley and Rand Merchant Bank are acting exclusivelyfor the Company and no one else in connection with the Placing. RMB MorganStanley, Morgan Stanley and Rand Merchant Bank will not be responsible to anyoneother than the Company for providing the protections afforded to theirrespective clients nor for providing advice in relation to the Placing or anyother matter referred to in this announcement. This announcement is for information purposes only and does not constitute anoffer or an invitation to acquire or dispose of any securities or investmentadvice in any jurisdiction. This announcement is not for publication or distribution or release in theUnited States of America (including its territories and possessions, any stateof the United States and the District of Columbia). This announcement does notconstitute or form part of an offer to sell or issue or solicitation of an offerto purchase or subscribe for securities in the United States, Australia, Canada,Japan or any other jurisdiction and should not be relied upon in connection withany decision to acquire the Placing Shares or any other Aquarius securities. Thesecurities referred to herein have not been and will not be registered under theUnited States Securities Act of 1933, as amended (the "Securities Act"), and maynot be offered, sold or transferred within the United States, except pursuant toan exemption from, or in a transaction not subject to, the registrationrequirements of the Securities Act. No public offering of the Placing Shares isbeing made or will be made in the United States. This announcement does not and is not intended to constitute an offer to thepublic in South Africa in terms of Chapter VI of the South African CompaniesAct, 1973 (as amended). Members of the public are not eligible to take part in the placing. Thisannouncement may be directed in the UK only at persons whose ordinary activitiesinvolve them in acquiring, holding, managing and disposing of investments (asprincipal or agent) for the purposes of their business and who have professionalexperience in matters relating to investments and are (1) qualified investors asdefined in section 86(7) of the Financial Services and Markets Act 2000 ("FSMA"), being persons falling within the meaning of article 2.1(e)(i), (ii) or (iii)of Directive 2003/71/EC (the "Prospectus Directive") and (2) fall within article19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order2005, as amended (the "Order") or are persons who fall within article 49(2)(a)to (d) ("High net worth companies, unincorporated associations, etc") of theOrder (all such persons together being referred to as "Relevant Persons"). Thisannouncement must not be acted on or relied on by persons who are not RelevantPersons. Persons distributing this announcement must satisfy themselves that itis lawful to do so. Any investment or investment activity to which thisannouncement relates is available only to Relevant Persons and will be engagedin only with Relevant Persons. This announcement does not constitute an offerfor sale or subscription of any securities in the Company. This announcement includes "forward-looking statements". All statements otherthan statements of historical fact included in this announcement, including,without limitation, those regarding Aquarius's financial position, businessstrategy, plans and objectives of management for future operations, areforward-looking statements. Such forward-looking statements involve known andunknown risks, uncertainties and other factors which may cause the actualresults, performance or achievements of Aquarius, or industry results, to bematerially different from any future results, performance or achievementsexpressed or implied by such forward-looking statements. Such forward-lookingstatements are based on numerous assumptions regarding Aquarius's present andfuture business strategies and the environments in which Aquarius will operatein the future and such assumptions may or may not prove to be correct. There area number of factors which could cause actual results, performance of Aquarius,or industry results to differ materially from those expressed or implied inforward looking statements. These forward-looking statements speak only as ofthe date of this announcement. Aquarius expressly disclaims any obligation(except as required by the rules of the UK Listing Authority and the LondonStock Exchange or the rules of the ASX or the JSE) or undertaking to disseminateany updates or revisions to any forward-looking statement contained herein toreflect any change in Aquarius's expectations with regard thereto or any changein events, conditions or circumstances on which any such statement is based. Neither this announcement nor any copy of it may be taken, transmitted ordistributed, directly or indirectly in or into the United States, Canada orJapan. Melbourne / London / Johannesburg15 April 2008 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
AQP.L