Business
Completion of Disposal of Iron Ore Assets
Completion of Disposal of Iron Ore Assets.
About this update from Sylvania Platinum Ltd.
[{"type":"text","content":"\n \nRNS Number : 1434K Sylvania Platinum Limited 16 August 2012 \n \n\nSylvania Platinum Limited\n(\"Sylvania Platinum\", \"Sylvania\" or the \"Company\")\n(AIM: SLP)\n \nCompletion of Disposal of Iron Ore Assets\nand\nUpdate on Dividend in Specie\n \nFurther to the announcement of 27 July 2012, Sylvania is pleased to announce that the disposal of the Bushveld Iron Ore asset to Mercury has completed and Admission of the enlarged Mercury Group, now re-named Ironveld plc, has taken place.\n \nAlso, Sylvania will today make a distribution of the Consideration Shares received on completion. The Dividend in Specie will be made on the basis that for every Sylvania Platinum ordinary share held, a Sylvania Platinum shareholder shall be entitled to 0.675 of an ordinary share in Mercury. Further details of the Dividend in Specie are contained in the Company's announcement of 27 July 2012.\n \nCapitalised terms used but not defined in this announcement have the same meaning as given to them in the announcement of 27 July 2012.\n \nENDS\nCORPORATE INFORMATION\n \nRegistered office: Sylvania Platinum Limited\n Clarendon House\n 2 Church Street\n Hamilton HM 11\n Bermuda\n \nPostal address: PO Box 524\n&nb...