Private placing price
The bookbuild process in relation to the private placing closed on 2 November 2010 and was strongly over-subscribed. 49 226 829 shares were placed including the over allotment, at R60.50 per share ("placement price"). As a result, shares of RBPlat with a value of R 2 978 223 153, were placed, representing an effective free float of 30.0%.
Following the listing, the percentage of issued share capital held by the major shareholders is as follows: RPM 12.62% and RBPH 57.07%. These figures do not include any shares that may have been acquired by affiliated entities in the offer.
The settlement date and expected listing date of RBPlat, subject to achieving a spread of shareholders acceptable to the JSE Limited, will be Monday, 8 November 2010.
3 November 2010
Joint bookrunners and managers
- Macquarie First South Advisers (Proprietary) Limited
- Morgan Stanley & Co. International plc
- Rand Merchant Bank, a division of FirstRand Bank Limited
Co-lead manager and commercial banker
Nedbank Capital, a division of Nedbank Limited
Sponsor and stabilisation manager
Rand Merchant Bank, a division of FirstRand Bank Limited
- Bowman Gilfillan, SA attorneys to the Company
- White & Case LLP, US & UK attorneys to the Company
- Cliffe Dekker Hofmeyr Inc, SA attorneys to the Joint Bookrunners and Co-Lead Manager
- Davis Polk & Wardwell LLP, US attorneys to the Joint Bookrunners and Co-Lead Manager
Reporting accountants and auditors
Independent technical expert
Snowden Mining Industry Consultants (Proprietary) Limited
This document does not constitute an invitation or an offer to the general public to acquire shares in RBPlat. The offer set out in the Pre-Listing Statement will only be capable of acceptance by the institutions and persons to whom it was specifically addressed.
This document does not constitute an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The securities being offered have not and will not be registered under the Securities Act. There will be no public offering in the United States.
This document does not constitute an offer of securities to the public in the United Kingdom. This document is directed only at: (i) persons who are outside the United Kingdom; or (ii) persons who have professional experience in matters relating to investments falling within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); (iii) high net worth entities falling within Article 49(2) of the Order; and (iv) other persons to whom it may lawfully be communicated (all such persons together being referred to as "relevant persons"). Any investment activity to which this communication relates will only be available to, and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
Any offer of securities to the public that may be deemed to be made pursuant to this communication in any EEA Member State that has implemented Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the "Prospectus Directive") is only addressed to qualified investors in that Member State within the meaning of the Prospectus Directive. Copies of this announcement are not being made and may not be distributed or sent into the United States, Canada, Japan or Australia.