Fluormin PLC Final Sallies Debenture Result (5617U)
02 Januar 2013 - 9:37AM
UK Regulatory
TIDMFLOR
RNS Number : 5617U
Fluormin PLC
02 January 2013
Fluormin plc
("Fluormin" or the "Company")
Final SALLIES DEBENTURE RESULT
LONDON, UK -- (Marketwire - 2 January 2013)
Fluormin Plc (AIM: FLOR) announces, pursuant to the mandatory
bid process announced in January 2012, that its subsidiary Sallies
Limited ("Sallies") has today announced the following result of the
maturity cash payment (including final interest payment) and/or
conversion to ordinary shares of Sallies' unsubordinated and
unsecured convertible debentures of ZAR. 0.50 each as follows:
Sallies Debenture holders are advised that as at 17h00 on
Friday, 28 December 2012, being the record date for interest
payment, conversion or repayment, valid conversion requests had
been received in respect of 47,644 debentures representing
approximately 0.03% of Sallies debentures. Repayments will be made
in respect of 3,570,380 debentures representing approximately 2.5%
of Sallies debentures. The balance of Sallies debentures are held
by Sallies' parent company, Afspar Limited, a subsidiary of
Fluormin plc. Accordingly, and in accordance with the terms
attaching to Sallies debentures, the aggregate cash payment to be
made by Sallies to debenture holders will be R1,761,368.
Sallies debentures shall be delisted from 2 January 2013.
Contact Information
Fluormin plc
Mark Bolton, Chief Executive Officer +44 (0) 20 7034 7150,
mbolton@fluormin.com
Westhouse Securities
Martin Davison +44 (0) 20 7601 6100,
martin.davison@westhousesecurities.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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