Business
Offer Update
Offer Update.
About this update from Sirius Real Estate Limited
[{"type":"text","content":"\n \nMwana Africa PLC announces take-up of shares under its offer for SouthernEra\nDiamonds Inc.\n\n Mwana now owns approximately 69.4% of the outstanding SouthernEra shares\n and extends offer to September 17, 2007\n\n TSX: SDM\n Shares issued and outstanding: 176,902,396\n\n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE\n UNITED STATES./\n\n TORONTO and LONDON, Sept. 6 /CNW/ - Mwana Africa PLC (\"Mwana\" AIM:MWA-L)\nannounced today that it has successfully acquired control of SouthernEra\nDiamonds Inc. (\"SouthernEra\") as a result of its offer for any and all of the\nSouthernEra Class A common shares (the \"SouthernEra Shares\") other than\nSouthernEra Shares owned by Mwana and its affiliates (the \"Offer\").\nApproximately 106.3 million SouthernEra Shares or approximately 60% of the\noutstanding SouthernEra Shares (being approximately 66.3% of the SouthernEra\nShares not already owned by Mwana and its affiliates) were validly deposited\nto the Offer by SouthernEra shareholders prior to 5:00 pm (Toronto time) on\nSeptember 5, 2007. In addition, notices of guaranteed delivery for deposits of\napproximately 12.3 million SouthernEra Shares have been received.\n All of the SouthernEra Shares validly deposited to the Offer have been\ntaken up by Mwana. Following take-up of the SouthernEra Shares deposited to\nthe Offer, Mwana beneficially owns a total of approximately 122.7 million\nSouthernEra Shares or approximately 69.4% of the outstanding SouthernEra\nShares.\n By notice to Computershare Investor Services Inc., the Depositary under\nthe Offer, Mwana has extended the Offer until 5:00 pm (Toronto time) on\nSeptember 17, 2007 to allow SouthernEra shareholders additional time to tender\ntheir SouthernEra Shares to the Offer. Mwana will mail a formal notice of\nextension to SouthernEra shareholders later today.\n SouthernEra shareholders whose shares have been taken up under the Offer,\nas well as SouthernEra shareholders who validly deposit their shares prior to\nthe expiry of the Offer, as extended, will receive one ordinary share of Mwana\n(each, a \"Mwana Share\") for every 2.28 SouthernEra Shares deposited.\nFractional Mwana Shares will not be issued pursuant to the Offer and a cash\npayment will be made in lieu of any fractional Mwana Share to be issued, as\ndescribed in the offer to purchase and no...