Business
Qualifying Shares
Qualifying Shares.
About this update from Uru Metals Limited
[{"type":"text","content":"\n RNS Number : 3584L Niger Uranium Limited 05 May 2010 \n \n\nFor immediate release\n5 May 2010\nNiger Uranium Limited\n(\"Niger Uranium\" or the \"Company\")\n \nProposed Demerger of the Group's holding of 10,912,000 Kalahari Shares \nQualifying Shares\n \n \nOn 21 April 2010 Niger Uranium announced that the Company proposed a conditional dividend in specie of 10,912,000 Kalahari Shares. The Special Dividend is conditional, inter alia, on approval by Shareholders at the meeting of Shareholders to be held on 7 May 2010. \n \nFor the purposes of the Special Dividend, all Option holders were required to deliver an Exercise Notice to the Company, together with clear funds in respect of the Options the Option holder wished to exercise by not later than 6.00 p.m. on 4 May 2010 (the \"Qualifying Shares Deadline\"). No options were exercised before the Qualifying Share Deadline. \n \nAccordingly, the total number of Qualifying Shares for the purposes of the Special Dividend amounts to 113,210,056. \n \nThe Special Dividend to Qualifying Shareholders will therefore, subject to Shareholder approval, be made on the following basis: \n \n\n\n\n\nFor every 100 Qualifying Ordinary Shares:\n\n\n\n\n\n9.63 Kalahari Shares\n\n\n\n\n \nThe Special Dividend is equivalent to approximately 16.8p per Qualifying Ordinary Share, based on the Closing Price of Kalahari Shares on 4 May 2010, the last practicable date before the publication of this announcement.\n \nEnquiriesNiger Uranium Limited\nDavid Weill, Chairman \nTel: +44 (0) 20 7881 0180\n \nNominated Adviser \nBeaumont Cornish Limited\nMichael Cornish \nTel: +44 (0) 207 628 3396\n \n\n\n Appendix \nThe following definitions apply throughout this announcement unless the context requires otherwise:\n\n\n\n\n\"Closing Price\"\n\n\nthe closing middle market quotations for Ordinary Shares and / or the Kalahari Shares as the context requires, as derived from the AIM Appendix to the Daily Official List of the London Stock Exchange on any particular day;\n\n\n\n\n\"Kalahari Shares\"\n\n\nthe ordinary shares of Kalahari Minerals owned by Niger Uranium; \n\n\...