Henderson sold their remaining shares that were subject to the non binding letter of intent. Not that it will matter much with RIO selling to CGNPC-URC.
Headline Sale of Kalahari Shares by Henderson
Released 15:19 31-Jan-2012
Number 5104W15
RNS Number : 5104W
CGNPC Uranium Resources Co., Ltd
31 January 2012
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NOT 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 OF SUCH JURISDICTION
FOR IMMEDIATE RELEASE
31 January 2012
RECOMMENDED CASH OFFER FOR KALAHARI MINERALS PLC ("Kalahari") BY TAURUS MINERAL LIMITED ("Taurus") (A COMPANY FORMED AT THE DIRECTION OF CGNPC URANIUM RESOURCES CO., LTD ("CGNPC-URC") AND THE CHINA-AFRICA DEVELOPMENT FUND ("CADFund"))
Sale of Kalahari Shares by Henderson Alternative Investment Advisor Limited and Henderson Global Investors Limited (together "Henderson")
On 8 December 2011 CGNPC-URC announced that the boards of Kalahari and CGNPC-URC had reached agreement on the terms of a recommended cash offer for the entire issued and to be issued share capital of Kalahari (the "Offer"), to be effected by means of a takeover offer within the meaning of Part 28 of the Companies Act (the "Announcement").
In the Announcement it was stated that Taurus had received non-binding letters of intent from Henderson confirming its intention to accept the Offer in respect of an aggregate 9,839,083 Kalahari Shares.
Between 16 December 2011 and 26 January 2012, Henderson sold 8,476,270 of its Kalahari Shares that were subject to the non-binding letters of intent. Accordingly, on 27 January 2012 it was announced that the non-binding letters of intent from Henderson applied to an aggregate 1,362,813 Kalahari Shares.
Today, Taurus was notified by Henderson that, on 30 January 2012, Henderson sold the remaining 1,362,813 Kalahari Shares that were subject to the non-binding letters of intent. Accordingly, Henderson no longer holds any Kalahari Shares subject to the non-binding letters of intent.
This announcement is being made in accordance with Rule 2.11(d)(ii) of the City Code.
Terms and expressions used in this announcement shall, unless the context otherwise requires, have the same meanings as given to them in the Announcement.
Enquiries:
Deutsche Bank (Financial adviser to CGNPC-URC, CADFund and Taurus)
Omar Faruqui
Geoff Tarrant
Pei-Shen Chou
Tel: +44 20 7545 8000
Tel: +61 28258 1234
Tel: +852 2203 8888
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