Aquarius acquisition update
Shareholders are referred to the announcement on 18 January 2016, confirming that the acquisition of the Rustenburg Operations (“Rustenburg Transaction”) from Anglo American Platinum Limited was overwhelmingly approved by Sibanye shareholders.
Further to that announcement Sibanye is also pleased to advise that at the special general meeting of Aquarius Platinum Limited (“Aquarius”) held on 18 January 2016, the requisite majority of Aquarius shareholders approved the resolution to approve the Amalgamation and Amalgamation Agreement, whereby Sibanye will acquire all of the shares in Aquarius for a cash consideration of USD 0.195 per share (‘the Aquarius Transaction’).
The implementation of the Aquarius Transaction remains subject to final conditions precedent, including primarily, the approval of the Transaction by the South African Competition Authorities.
Sibanye is committed to fulfilling the final conditions precedent to both the Rustenburg and Aquarius Transactions as expeditiously as possible and shareholders will be advised as soon as the outstanding conditions precedent have been fulfilled.
Neal Froneman, CEO of Sibanye commenting on the shareholder vote, said “It is extremely pleasing to note the tremendous support shown by the Sibanye and Aquarius shareholders for the acquisitions of the Rustenburg Operations and Aquarius. We look forward to concluding both transactions as soon as possible and integrating the Rustenburg and Aquarius operations into Sibanye. We are confident that significant value will be realised from these world class platinum assets, for the benefit of all Sibanye stakeholders”.
19 January 2016
J.P. Morgan Equities South Africa Proprietary Limited