7th Nov 2007 10:12
Anglo Platinum Limited07 November 2007 Mvelaphanda Resources Limited Northam Platinum Limited Mvelaphanda Resources Limited (Incorporated in the Republic of South Africa) (Incorporated in the Republic (Registration number: 1977/003282/06) of South Africa) (ISIN: ZAE000030912)(Registration number: 1980/001395/06) (Share Code: NHM) (ISIN: ZAE000050266) ("Northam") (Share Code: MVL) ("Mvela Resources") Anglo Platinum (Incorporated in the Republic of South Africa) (Registration number: 1946/022452/06) (ISIN: ZAE000013181) (Share Code: AMS) ("Anglo Platinum") Joint announcement Shareholders of Anglo Platinum, Mvela Resources and Northam ("the parties") arereferred to the joint and individual announcements published by the parties on 4September 2007 ("the announcements") regarding: • the proposed acquisition by Mvela Resources of Anglo Platinum's entire interest of 53 million shares (being 22.4% of the issued share capital) in Northam and Anglo Platinum's stake in the Booysendal Platinum Project ("Booysendal"); • the proposed acquisition by Northam of 100% of Booysendal; and • a specific issue of ordinary shares by Mvela Resources to Afripalm Resources, collectively "the proposed transactions". The parties advised at the time of the announcements that they expected theproposed transactions to be concluded by the end of the calendar year 2007. Due to the complexity of the proposed transactions the parties advise that it isunlikely that the confirmatory due diligence and detailed transaction agreementswill be completed in time to convene the requisite Mvela Resources and Northamshareholders meetings before the December 2007 holiday period. Accordingly, theparties now advise that the circulars to Mvela Resources and Northamshareholders are likely to be posted to shareholders during January 2008. Johannesburg7 November 2007 Merchant Bank Financial adviser and transaction Financial adviser to and Transactionalsponsor to Anglo American plc sponsor to MvelaAnglo Platinum and Anglo Platinum Resources Sponsor to Northam Rothschild JP Morgan BJM Corporate Finance This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Anpario