Business
Jupiter Mines Buy-Back Update
Jupiter Mines Buy-Back Update.
About this update from Red Rock Resources Plc
[{"type":"text","content":"\n \nRNS Number : 0296S Red Rock Resources plc 28 September 2017 \n\nRed Rock Resources plc\n \n(\"Red Rock \" or the \"Company\")\n \nJupiter Mines Buy-Back Update\n \n28 September 2017\n \nFurther to the announcements of 31 July 2017 and 11 September 2017, Red Rock notes that Jupiter Mines Ltd (\"Jupiter\"), an Australian unlisted public company, has announced a further update regarding its planned US$25m distribution to its shareholders.\n \nHighlights: \n \no Distribution will be by means of an equal access share buyback to return US$25m (approximately AU$31.3m) to Jupiter shareholders (\"Buy-Back\")\n \no All Jupiter shareholders to be made an equal offer to Buy-Back 4% of their shares at a price of US$0.29 (AU$0.36) per share\n \no Updated Buy-Back schedule provided below \n \n\n\n\n\nEvent\n\n\nDate\n\n\n\n\n\n\n\n\n\n\n\n\n\nBooklet lodged with ASIC\n\n\nWednesday, 27 September 2017\n\n\n\n\nRecord Date of Buy-Back Offer (2.00pm WST)\n\n\nThursday, 28 September 2017\n\n\n\n\nBooklet dispatched to Shareholders\n\n\nTuesday, 3 October 2017\n\n\n\n\n\n\n\nOpening date (9.00am WST)\n\n\nTuesday, 3 October 2017\n\n\n\n\n\n\n\nClosing date (2.00pm WST)\n\n\nTuesday, 7 November 2017\n\n\n\n\n\n\n\nAcceptances processed\n\n\nMonday, 4 December 2017\n\n\n\n\n\n\n\nCancellation of Shares\n\n\nTuesday, 5 December 2017\n\n\n\n\n\n\n\nDispatch of confirmation letters\n\n\nTuesday, 5 December 2017\n\n\n\n\n\n\n\nDispatch of payment to Buy-Back participants\n\n\nTuesday, 5 December 2017\n\n\n\n\n\n\n\n \nThe full Jupiter announcement may be read on its website www.jupitermines.com. \n \nRed Rock Chairman Andrew Bell states: \"Further details on the upcoming share buyback have been released by Jupiter including now more definitive timetables. This buyback is expected to bring nearly $300,000 into Red Rock and will push the totals for the year to nearly $1m.\n \nOur investment in manganese production in South Africa continues to form a meaningful part of our financing mix and we look forward to more news from Jupiter regarding developments at Tshipi and the strategic options currently under consideration. \"\n \nThis announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014\n \n \nFor further i...