Resignation and appointment of directors
16 Dezember 2010 - 1:30PM
UK Regulatory
TIDMCHX
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR
IN PART, IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY
OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT
LAWS OF SUCH JURISDICTION
16 December 2010
Chromex Mining plc / Epic: CHX / Market: AIM / Sector: Mining & Exploration
Resignation and appointment of directors
Further to the announcement on behalf of Synergy Africa on 9 December 2010, in
which Synergy Africa declared the Offer unconditional in all respects and
announced that the Warrant Offer had become unconditional, Chromex announces the
following changes to its board of directors.
Each of the existing Chromex Directors (being Russell Lamming, Graham Stacey,
Brian Moritz, James Burgess and Robert Sinclair) has tendered his resignation as
a director with effect from yesterday, which has been accepted by Chromex. As
previously set out in the Offer Document, Graham Stacey will continue to be
employed by one of Chromex's subsidiaries.
Thomas Hoyer, Alistair Ruiters and Danko Koncar, who are the directors of
Synergy Africa, were appointed to Chromex's board of directors with immediate
effect yesterday.
Other than the details disclosed below, there is no further information required
to be disclosed under Rule 17 or Schedule 2 (g) of the AIM Rules for the new
directors.
Cancellation of trading in Chromex Shares
In its announcement on 9 December, Synergy Africa stated that it had requested
Chromex to make an application to the London Stock Exchange for the cancellation
of trading in Chromex Shares on AIM. Chromex has now applied for the delisting
and it is anticipated that such cancellation will take effect at 7:00am (London
time) on 11 January 2011.
Chromex Shareholders should note that the delisting of Chromex Shares will
significantly reduce the liquidity and marketability of any Chromex Shares which
are not assented to the Offer.
Additional information in relation to the new directors
None of the new directors owns any Chromex Shares or Chromex Warrants.
Director Current directorships Previous directorships
Thomas Karl Stig Dezzo Trading 184 (Pty) Ltd Aldata Solution Oyj
Hoyer (age 36) DTG Rakennus Oy Asapsoft Oy
Helsinki Capital Partners Ruukki Group Plc
Advisory Oy Ruukki Harvest Oy
Helsinki Capital Partners Ruukki Saw Mill Oy
Group Oy Saunalahti Oyj
Helsinki Capital Partners Tervolan Saha ja Höyläämö Oy
Fund Management Company Oy VK Timber Oy
Helsinki Capital Partners
Rahastoyhtiö
Hirviset Group Oy
Junnikkala Oy
Kirkkonummen
Kiinteistökehitys Oy
Lappipaneli Oy
Mogale Alloys (Pty) Ltd
PGR 17 Investments (Pty) Ltd
Oplax Oy
Pohjolan Design-Talo Oy
Rekylator Oy
Ruukki Invest Oy
Ruukki South Africa (Pty) Ltd
Ruukki Trading South Africa
(Pty) Ltd
Ruukki Wood Oy
Ruukki Yhtiöt Oy
Storms GÃ¥rd Oy
Storms Villa Oy
Synergy Africa Limited
Alistair Paul Edenred South Africa (Pty) 1. Afarak Platinum Holdings
Ruiters (age 46) Ltd (Pty) Ltd
Azlo Investments (Pty) Ltd 2. AH-Vest Limited
Changing Tides 341 (Pty) Ltd 3. Batho Barena Investment
Dextra Holdings (Pty) Ltd Holdings (Pty) Ltd
Dezzo Trading 184 (Pty) Ltd 4. Business Upliftment and
Duikerskrans Resources (Pty) Development Services
Ltd 5. Clifton Dunes
Ehlobo Capital (Pty) Ltd Investments 72 (Pty)
Ehlobo Group (Pty) Ltd Ltd
Ehlobo Health Care (Pty) Ltd 6. Ehlobo Heavy Minerals
Ehlobo Metals (Pty) Ltd (Pty) Ltd
Ehlobo Resources (Pty) Ltd 7. Ehlobo ICT (Pty) Ltd
Ehlobo Voucher Services (Pty) 8. Ehlobo Industrial
Ltd Developments (Pty) Ltd
Gootspa Investments (Pty) Ltd 9. Ehlobo Property Holdings
Karibo Coal (Pty) Ltd (Pty) Ltd
Lihlobo Corporate Services 10. Ehlobo Steel (Pty) Ltd
(Pty) Ltd 11. Josdel Property No 125
Metmar Limited (Pty) Ltd
Midnight Storm Investments 12. Khula Enterprise Finance
403 (Pty) Ltd Limited
Mogale Alloys (Pty) Ltd 13. Khula Institutional
Nulane Investments 165 (Pty) Support Services
Ltd 14. Kijaro Investments (Pty)
Paardekloof Resources (Pty) Ltd
Ltd 15. Kupukani Trust (Pty)
PGR 3 Investments (Pty) Ltd Ltd
PGR 17 Investments (Pty) Ltd 16. Magumo Investments (Pty)
PGR Manganese (Pty) Ltd Ltd
Polkadots Properties 93 (Pty) 17. Micawber 397 (Pty) Ltd
Ltd 18. Ntskika Enterprise
Ruukki Mining South Africa Promotion Agency
(Pty) Ltd 19. Pebble Bed Modular
Ruukki South Africa (Pty) Ltd Reactor (Pty) Ltd
Ruukki Trading South Africa 20. PG Group (Pty) Ltd
(Pty) Ltd 21. Proudly South African
Sediko Capital Africa (Pty) 22. Rafali Investment (Pty)
Ltd Ltd
Sediko Holdings (Pty) Ltd 23. Samancor Chrome Holdings
Selemo Strategic (Pty) Ltd (Pty) Ltd
Synergy Africa Limited 24. Samancor Chrome Limited
Umcebo Holdings (Pty) Ltd 25. Shascaph Investments
Umcebo Mining (Pty) Ltd (Pty) Ltd
Veremo Holdings (Pty) Ltd 26.
Veremo Industries (Pty) Ltd
Veremo Minerals (Pty) Ltd
Veremo Mining (Pty) Ltd
Wholesome Africa Trading 27.
(Pty) Ltd
Danko Koncar (age Chrome Holding Limited Samancor Chrome Limited
68) Dezzo Trading 184 (Pty) Ltd
Framework Investment Limited
Kermas Limited
Mogale Alloys Ltd
PGR 17 Investments (Pty) Ltd
Ruukki Group Plc
Ruukki Holdings Ltd
Ruukki SA (Pty) Ltd
Ruukki Trading South Africa
(Pty) Ltd
Samchrome Limited
Synergy Africa Limited
Veremo Holdings (Pty) Ltd
A number of companies in the Ehlobo Group (including Edenred South Africa (Pty)
Ltd, Ehlobo Capital (Pty) Ltd, Ehlobo Group (Pty) Ltd, Ehlobo Health Care (Pty)
Ltd, Ehlobo Metals (Pty) Ltd, Ehlobo Resources (Pty) Ltd, Ehlobo Voucher
Services (Pty) Ltd, Karibo Coal (Pty) Ltd, Nulane Investments 165 (Pty) Ltd,
Polkadots Properties 93 (Pty) Ltd, Umcebo Holdings (Pty) Ltd and Umcebo Mining
(Pty) Ltd) are in the process of being wound up in a solvent liquidation
instigated by the group's shareholders.
Ruukki Saw Mill Oy and Ruukki Harvest Oy are in the process of being wound up in
a solvent liquidation instigated by Ruukki.
The expressions used in this announcement, unless the context otherwise
requires, bear the same meaning as in the Offer Document dated 18 October 2010.
Enquiries:
Dr Danko Koncar / Alex Chromex Mining / Synergy Tel: +44 (0)20 7368 6763
Buck Africa Limited
Thomas Hoyer, CFO Chromex Mining / Synergy Tel: +358 (0)45 6700 491
Africa Limited
Dominic Morley/ Callum Panmure Gordon Tel: +44 (0) 20 7459 3600
Stewart/ Grishma Patel
David Currie/ Patrick Investec Bank plc Tel: +44(0)20 7597 5970
Robb/ Daniel Adams/
Stephen Cooper
Guy Wilkes/ Will Slack Ocean Equities Tel: +44 (0) 20 7786 4370
Panmure Gordon (UK) Limited, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting as financial adviser and
broker to Chromex Mining plc and no one else in connection with the matters
referred to in this announcement and will not be responsible to any person other
than Chromex Mining plc for providing the protections afforded to the clients of
Panmure Gordon or for providing advice in relation to the matters referred to
herein.
Ocean Equities Limited, which is authorised and regulated in the United Kingdom
by the Financial Services Authority, is acting as broker to Chromex Mining plc
and no one else in connection with the matters referred to in this announcement
and will not be responsible to any person other than Chromex Mining plc for
providing the protections afforded to the clients of Ocean Equities Limited or
for providing advice in relation to the matters referred to herein.
Investec Bank Plc, which is authorised and regulated in the United Kingdom by
the Financial Services Authority is acting exclusively for Ruukki and Synergy
Africa and no one else in connection with the Offer and Warrant Offer and will
not be responsible to anyone other than Ruukki and Synergy Africa for providing
the protections afforded to clients of Investec Bank plc or for providing advice
in connection with the Offer and the Warrant Offer.
The release, publication or distribution of this announcement in jurisdictions
other than the United Kingdom may be restricted by law and therefore persons in
such jurisdictions into which this announcement is released, published or
distributed should inform themselves about, and observe, any applicable
requirements. The following Announcement has been prepared in accordance with
English law and the Code and information disclosed may not be the same as that
which would have been prepared in accordance with the laws of jurisdictions
outside England.
This Announcement does not constitute an offer or an invitation to purchase or
subscribe for any securities or the solicitation of any vote or approval in any
jurisdiction pursuant to the Offer, the Warrant Offer or otherwise. The Offer
and the Warrant Offer are made solely by means of the Offer Document, an
advertisement published in the London Gazette and the London edition of the
Financial Times, and the Form of Acceptance (in respect of Chromex Shares in
certificated form) and the Warrant Offer Form of Acceptance (in respect of the
Chromex Warrants in certificated form), which contain the full terms and
conditions of the Offer and the Warrant Offer, including details of how the
Offer and the Warrant Offer may be accepted. Any acceptance or other response to
the Offer or the Warrant Offer should be made only on the basis of the
information in the Offer Document and the Form of Acceptance (in the case of
Chromex Shares in certificated form) and the Warrant Offer Form of Acceptance
(in respect of the Chromex Warrants in certificated form) (as applicable).
Unless otherwise determined by Synergy Africa and permitted by applicable law
and regulation, the Offer and the Warrant Offer are not being, and will not be,
made, directly or indirectly, in, into, or by use of the mail, or by any means
or instrumentality (including, without limitation, telephonically or
electronically) of interstate or foreign commerce of, or by any facility of a
national securities exchange, of the United States, Canada, Australia, or Japan
or any other jurisdiction if to do so would constitute a violation of the
relevant laws of such jurisdiction and the Offer and the Warrant Offer will not
be capable of acceptance by any such use, means, instrumentality or facilities.
Accordingly, copies of this announcement, the Offer Document, the Form(s) of
Acceptance and any other documents relating to the Offer are not being, and must
not be, directly or indirectly, mailed, or otherwise forwarded, distributed or
sent, in whole or in part, in, into or from the United States, Canada,
Australia, or Japan or any other jurisdiction if to do so would constitute a
violation of the relevant laws of such jurisdiction and persons receiving such
documents (including custodians, nominees and trustees) must not directly or
indirectly mail, transmit or otherwise forward, distribute or send them in, into
or from any such jurisdiction as to do so may invalidate any purported
acceptance of the Offer and the Warrant Offer. Doing so may render invalid any
purported acceptance of the Offer and the Warrant Offer. The availability of
the Offer and the Warrant Offer to persons who are not resident in the United
Kingdom should inform themselves about and observe any applicable requirements.
In accordance with Rule 19.11 of the Code, A copy of this announcement will be
available subject to certain restrictions relating to persons resident in the
United States, Canada, Australia, Japan or any other Restricted Jurisdiction, on
Chromex's website
(http://www.chromexmining.co.uk/News/News/Latest_News/NewsList.aspx?id=27) from
the date of this announcement.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Chromex Mining PLC via Thomson Reuters ONE
[HUG#1473240]
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