Henderson sell a few more, only 1,793,235 left. I hope that they...

Henderson sell a few more, only 1,793,235 left. I hope that they are not going to anyone who will ultimately sell them to CGNPC.

Regulatory Story
Go to market news section Print
Company CGNPC Uranium Resources Co., Ltd
TIDM
Headline Sale of Kalahari Shares by Henderson
Released 15:34 25-Jan-2012
Number 1825W15

RNS Number : 1825W
CGNPC Uranium Resources Co., Ltd
25 January 2012


?

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

25 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 20 January 2012, Henderson sold 7,473,896 of its Kalahari Shares that were subject to the non-binding letters of intent. Accordingly, on 23 January 2012 it was announced that the non-binding letters of intent from Henderson applied to an aggregate 2,365,187 Kalahari Shares.



Today, Taurus was notified by Henderson that, on 24 January 2012, Henderson sold a further 571,952 of its Kalahari Shares that were subject to the non-binding letters of intent. Accordingly, these non-binding letters of intent now apply to an aggregate 1,793,235 Kalahari Shares, representing approximately 0.7 per cent. of Kalahari's existing issued share capital of 254,765,894 shares.



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





College Hill (Public Relations adviser to CGNPC-URC and Taurus)



Tony Friend

Alexandra Roper

Henry Chow


Tel: +44 20 7457 2020



Tel: +852 3791 2289

____________________________________________________________