TIDMSLV
RNS Number : 5089C
Sylvania Resources Ltd
08 March 2011
Sylvania Resources Limited
SYLVANIA RESOURCES LIMITED
ASX: SLV
AIM: SLV
Registration No: 091 415 968
ISIN: AU000000SLV8
SCHEME OF ARRANGEMENT - COURT APPROVAL
The directors of Sylvania Resources Limited (Sylvania Resources
or the Company) are pleased to announce that the Supreme Court of
Western Australia has today approved the scheme of arrangement
between Sylvania Resources and its members (Scheme).
The Company intends to lodge an office copy of the orders
approving the Scheme with the Australian Securities and Investments
Commission (ASIC) tomorrow, Wednesday, 9 March 2011.
Timetable
Wednesday, 9 March 2011 will be the last day of trading of fully
paid ordinary shares in Sylvania Resources (Sylvania Resources
Shares). Cancellation of trading on AIM of Sylvania Resources
Shares is also expected to occur on 9 March 2011.
Assuming that trading in Sylvania Resources' Shares will be
suspended on ASX and cancelled on AIM on Wednesday, 9 March 2011,
the timetable for implementation of the Scheme is as follows:
Effective Date. Last day of trading on ASX 9 March 2011
and cancellation of trading on AIM of Sylvania
Resources Shares
Commencement of trading of Sylvania Platinum 10 March 2011
Shares on ASX on a deferred settlement basis
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Time and date for determining entitlements 7.00am (GMT)
of holders of Sylvania Resources DIs to Scheme on 17 March
Consideration under the Scheme 2011
--------------
Implementation Date - issue of Sylvania Platinum 7.00pm (WST)
Shares and Sylvania Platinum DIs under the on 17 March
Scheme and transfer of Sylvania Resources 2011
Shares to Sylvania Platinum
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Implementation Date - issue of Sylvania Platinum 18 March 2011
Shares and Sylvania Platinum DIs under the
Scheme and transfer of Sylvania Resources
Shares to Sylvania Platinum
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Despatch of holding statements for Sylvania 24 March 2011
Platinum Shares issued under the Scheme
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Last day of deferred settlement trading of 24 March 2011
Sylvania Platinum Shares on ASX
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Sylvania Platinum Shares begin trading on 25 March 2011
ASX on normal settlement basis and commencement
of trading of Sylvania Platinum Shares on
AIM with holders of Sylvania Platinum DIs
settling trades on AIM in CREST
--------------
The above timetable is indicative only and is subject to change.
Any variation to the timetable set out above will be announced by
the Company and published on Sylvania Resources' website at
www.sylvaniaresources.com.
For further information please contact:
In South Africa Terence McConnachie (CEO Sylvania Resources
Limited) (+27 11) 673 1171
Louis Carroll (FD/Joint Company Secretary) Sylvania Resources
Limited (+27 11) 673 1171
In Australia
Richard Rossiter (Chairman) Sylvania Resources Limited
(+614) 1868 8338
Grant Button (Director/Joint Company Secretary) Sylvania
Resources Limited (+618) 9226 4777
In United Kingdom Anthony Rowland/Ben Wright Ambrian Partners
Limited +44 (0) 20 7634 4700
Laurence Read/Beth Harris
Threadneedle Communications
+44 (0) 20 7653 9855
This information is provided by RNS
The company news service from the London Stock Exchange
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