During the period the Company and CCL continued to progress the various administrative matters necessary to satisfy the conditions precedent to allow settlement of the transaction to proceed. Subsequent to the end of the period the Company advised that it had satisfied all the key conditions precedent and was in the process of finalising the few remaining conditions precedent with settlement of the transaction scheduled to take place in the March 2012 Quarter, with the ZAR140m to be advanced to the Company. Following completion of the transaction, SIOC-cdt has the right to appoint one director to the Company’s Board and further have two directors, including the chairmanship of the board of the Company’s subsidiary in South Africa.
27 February 2012 The Manager Company Announcements Australian Securities Exchange Limited Level 6, 20 Bridge Street Sydney NSW 2000 By e-lodgement CHAIRPERSON OF THE BOARD OF TRUSTEES OF SISHEN IRON ORE COMMUNITY DEVELOPMENT TRUST APPOINTED TO THE BOARD
CCC Price at posting:
24.5¢ Sentiment: None Disclosure: Not Held
