19th Dec 2013 07:00
19 December 2013
For Immediate Release
Asia Resource Minerals plc (Formerly known as Bumi plc)
("Asia Resource Minerals" or the "Company")
Statement re the PT Bumi EGM
In its supplemental circular to shareholders dated 3 December 2013, the Company explained that PT Bumi Resources Tbk ("PT Bumi") had notified its shareholders, including Vallar Investments UK Limited ("VIUK"), a wholly-owned subsidiary of the Company, of the intention to hold an extraordinary general meeting on 20 December 2013 (the "20 December PT Bumi EGM") to seek approval of certain transactions relating to its ongoing debt restructuring process. There is a quorum requirement for some of the transactions to be approved at the 20 December PT Bumi EGM of at least three-quarters of the total issued voting shares of PT Bumi. VIUK currently holds 29.2 per cent. of the issued share capital of PT Bumi. Following completion of the Separation, the Company's interest in PT Bumi will be owned by the Bakrie Group. The Company therefore does not believe it is appropriate for it to participate in the 20 December PT Bumi EGM pending this transfer of ownership. Accordingly, the Company has today decided that VIUK will not attend the 20 December PT Bumi EGM and hereby confirms that it has not voted, and will not vote, by proxy on any of the agenda items at the 20 December PT Bumi EGM.
-ENDS-
For enquiries, pleasecontact:
Asia Resource Minerals plc
Sean Wade
+44 (0) 20 7201 7511
RLM Finsbury
Ed Simpkins / Charles O'Brien
+44 (0) 20 7251 3801
Related Shares:
ARMS.L