The Boards of Sibanye-Stillwater and Lonmin are pleased to announce that they have reached agreement on the terms of a recommended all-share offer pursuant to which Sibanye-Stillwater and/or a wholly-owned subsidiary of Sibanye-Stillwater, will acquire the entire issued and to be issued ordinary share capital of Lonmin (the “Offer”). It is proposed that the Offer will be effected by means of a scheme of arrangement between Lonmin and the Lonmin Shareholders under Part 26 of the UK Companies Act. Under the terms of the Offer (as increased on 25 April 2019) each Lonmin Shareholder will be entitled to receive one New Sibanye-Stillwater Share for each Lonmin Share that they hold.
Increased all-share offer for Lonmin Plc by Sibanye-Stillwater
May 28, 2019
May 17, 2019
Apr 25, 2019
- SENS: Sibanye-Stillwater posts circular and notice of General meeting to shareholders (168.9k)
- RNS: Increased offer, publication of Lonmin scheme circular and publication of Sibanye-Stillwater circular (416.6k)
- Circular to Sibanye-Stillwater shareholders (580kb)
- Recommended all-share offer for Lonmin Plc by Sibanye-Stillwater (644kb)
Related documents
- Lonmin’s UK and SA Forms of Proxy (528.66 KB)
- Amended Articles of Association of Lonmin (342.84 KB)
- Terms and conditions of the Dealing Facility (86.73 KB)
- Articles of Association of Lonmin (1.98 MB)
- Audited Consolidated Financial Statements of Lonmin for 2018 (717.74 KB)
- Audited Consolidated Financial Statements of Lonmin for 2017 (997.02 KB)
- Unaudited first quarter 2019 Production Report and Business Update for Lonmin (507.26 KB)
- Memorandum of Incorporation of Sibanye (397.07 KB)
- Annual Financial Report of Sibanye for 2017 (4.39 MB)
- Annual Financial Report of Sibanye for 2018 (3.66 MB)
- Sibanye’s Form 20-F (8.91 MB)
Directors’ responsibility statements
- Timothy Cumming (1.07 MB)
- Sue Van Der Merwe (2.09 MB)
- Sello Moloko (1.91 MB)
- Nkosemntu Nika (2 MB)
- Neal Froneman (1.03 MB)
- Keith Rayner (2.13 MB)
- Jerry Vilakazi (3.03 MB)
- Harry Kenyon-Slaney (1.53 MB)
- Charl Keyter (1.02 MB)
- Barry Davidson (1.68 MB)
Sibanye-Stillwater circular consent letters
- Consent letter from BDO (103.76 KB)
- Consent letter from UBS (117.74 KB)
- Consent letter from Qinisele Resources (542.66 KB)
- Consent letter from Linklaters (625.95 KB)
- Consent letter from HSBC (194.59 KB)
- Consent letter from ENS (112.89 KB)
Lonmin scheme document consent letters
- Consent letter from Moshe Capital (177 KB)
- Consent letter from JP Morgan (925.5 KB)
- Consent letter from Gleacher Shacklock (176.13 KB)
- Consent letter from UBS (154.17 KB)
- Consent letter from Qinisele Resources (836.51 KB)
- Consent letter from HSBC (376.51 KB)
Joint announcement consent letters
Related news and publications
- : Suspension of listing and trading of Lonmin shares (112.5kb)
- : Lonmin – WPL TSFs (124kb)
- : Lonmin – Karee TSFs (114kb)
- : Lonmin – Easterns TSFs (112kb)
- : Lonmin – Limpopo Division – Baobab TSF (84kb)
- : Sibanye-Stillwater’s acquisition of Lonmin – Scheme becomes Effective (219.4k)
- : RNS – Scheme becomes Effective (411k)
- : RNS: Scheme sanctioned by court and timetable (139kb)
- : RNS: Results of Court Meeting and General Meeting (170kb)
- : Acquisition of Lonmin receives necessary shareholder approvals (84.8kb)
- : Sibanye-Stillwater Shareholders approve Ordinary Resolution in connection with the Increased Offer for Lonmin (157kb)
- : Response to press speculation and no increase statement of the proposed Lonmin acquisition (151kb)
- : RNS: Response to press speculation and no increase statement (363.1k)
- : Competition Appeal Court upholds the South African Competition Tribunal’s approval of the Lonmin Transaction (99.3kb)
- : Lonmin – Second Quarter 2019 Production Report and Business Update (427kb)
- : Sibanye-Stillwater’s operating update for the quarter ended 31 March 2019 (845kb)
- : Lonmin – First Quarter 2019 Production Report and Business Update (494kb)
- : Lonmin Annual Report 2018 (4.09mb)
- : Lonmin Mineral Resource and Mineral Reserve Statement 2018 (13.5mb)
- : Recommended all-share offer for Lonmin by Sibanye-Stillwater: Competition Appeal Court hearing set for 2 April 2019 (73kb)
- : Recommended all-share offer for Lonmin by Sibanye-Stillwater: Extension of Longstop Date to 30 June 2019 (73kb)
- : RNS: Extension of Longstop Date (353kb)
- : Appeal filed by AMCU against the South African Competition Tribunal’s approval of the Transaction (132kb)
- : SA Competition Tribunal approves the Lonmin acquisition subject to agreed conditions (96kb)
- : SA Competition Commission makes recommendation to the Tribunal that the Lonmin acquisition be approved subject to agreed conditions (135kb)
- : H1 2018 results presentation (4.4mb)
- : Operating and financial results for the six months ended 30 June 2018 (2.3mb)
- : Proposed Lonmin transaction gets unconditionally cleared by the UK Competition and Markets Authority (202kb)
- : Sibanye-Stillwater receives South African Reserve Bank approval for proposed acquisition of Lonmin (82kb)
- : Lonmin Second Quarter 2018 Production Report (436kb)
- : Lonmin 2018 Interim Results (982kb)
- : Sibanye-Stillwater files with competition commission (71kb)
- : BMO metals and mining conference 2018 (1.3m)
- : Presentation: JP Morgan Bond conference (3.5m)
- : Presentation: Results for the year ended 31 December 2017 (4.3m)
- : Presentation: African Mining Indaba 2018: Sibanye-Stillwater, a unique, global precious metals company (1.9MB)
- : SENS release: Disclosure under Rule 2.10 of the City Code on Takeovers and Mergers (updated undertakings) (257 KB)
- : Market release: Form 8 (OPD) – Public opening position disclosure by a party to an offer (102 KB)
- : Market release: Dealing in securities (166 KB)
- : Market release: Proposed acquisition of Lonmin by Sibanye-Stillwater (225 KB)
- : Sibanye-Stillwater’s recommended all-share offer for Lonmin (795.8k)
- : Presentation: Proposed acquisition of Lonmin (4 MB)
Recommended all-share offer for Lonmin
- : Deed of Amendment to the Co-operative Agreement (516kb)
- : Sibanye-Stillwater’s recommended all-share offer for Lonmin (795.8k)
- : Co-operation agreement (124 KB)
- : Non-disclosure Agreement (358 KB)
- : Regulatory Clean Team Protocol (302 KB)
- : Due Diligence Clean Team Protocol (74 KB)
Irrevocable undertakings
- Irrevocable undertaking – Varda Shine (29 January 2018) (209.02 KB)
- Irrevocable undertaking – Len Konar (29 January 2018) (118.78 KB)
- Irrevocable undertaking – Jonathan Leslie (29 January 2018) (502.29 KB)
- Irrevocable undertaking – Brian Beamish (29 January 2018) (451.82 KB)
- Irrevocable undertaking – Ben Magara (29 January 2018) (129.69 KB)
- Irrevocable undertaking – Varda Shine (14 December 2017) (342.57 KB)
- Irrevocable undertaking – Brian Beamish (14 December 2017) (1.05 MB)
- Irrevocable undertaking – Len Konar (14 December 2017) (151.74 KB)
- Irrevocable undertaking – Jonathan Leslie (14 December 2017) (837.91 KB)
- Irrevocable undertaking – Ben Magara (14 December 2017) (168.29 KB)
Consent forms
- Consent form – BDO (237.92 KB)
- Co-operation agreement (124.69 KB)
- Consent form – Qinisele Resources (128.29 KB)
- Consent form – UBS (254.96 KB)
- Consent form – HSBC (197.34 KB)
- Consent form – JPM (65.33 KB)
- Consent form – Gleacher Shacklock (850.17 KB)
- Consent form – Moshe Capital (175.89 KB)
- Consent form – Greenhill (1.91 MB)
