Business
Offer for Braemore Resources
Offer for Braemore Resources.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n RNS Number : 0053Z Jubilee Platinum PLC 14 September 2009 \n \nNot for release, publication or distribution in whole or in part in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction.\n\n14 September 2009\n\n\nJubilee Platinum plc\n(A company incorporated in England and Wales with Registration number: 4459850)\nISIN: GB0031852169\nJSE Share Code: JBL / AIM Share Code: JLP\n('Jubilee')\n\nBraemore Resources plc\n(A company incorporated in England and Wales with Registration number: 5350550)\n(South African registration number: 2008/013973/10)\nISIN: GB00B06GJQ01\nJSE Share Code: BRE / AIM Share Code: BRR\n('Braemore')\n\n\nOFFER BY JUBILEE TO ACQUIRE THE ENTIRE ISSUED AND TO BE ISSUED SHARE CAPITAL OF BRAEMORE, PURSUANT TO WHICH BRAEMORE SHARES WILL BE CANCELLED FROM TRADING ON AIM AND THE JSE LIMITED (THE 'OFFER') \n \n1. NOTICE OF SCHEME MEETING AND POSTING OF SCHEME DOCUMENT\n\nOn 3 July 2009 Braemore and Jubilee released a joint announcement relating to a Scheme of arrangement (the 'Scheme') in accordance with Part 26 of the UK Companies Act of 2006, as amended (the 'Act') that has been proposed by Jubilee between Braemore and Braemore's shareholders (the 'Proposal'), in terms of which members recorded in the register of members of Braemore at the appropriate time will receive 1 new Jubilee share for every 15.818 Braemore shares held by Braemore shareholders (the 'Consideration'). Upon the Scheme becoming effective, Braemore will become a wholly-owned subsidiary of Jubilee and Braemore's listing on AIM (a market operated by the London Stock Exchange plc) and on the Johannesburg Securities Exchange operated by the JSE Limited (the 'JSE') will be cancelled.\n\nAny capitalised term used but not defined in this announcement is as defined in the Scheme Document (as defined below).\n\nFurther to the above announcement, shareholders are advised that on Friday, 11 September 2009, the Court granted an order to Braemore affording Braemore leave to convene a Court Meeting for the purpose of considering and, if deemed fit, approving (with or without modification) the Scheme. The Court Meeting is to be held at 11:00 a.m. on Wednesday, 7 October 2009 at the offices of ...