Posting of Offer Document (2328R)
November 01 2011 - 3:47AM
UK Regulatory
TIDMFLOR
RNS Number : 2328R
Fluormin PLC
01 November 2011
Fluormin plc
("Fluormin" or the "Company")
POSTING OF OFFER DOCUMENT
Fluormin Plc (AIM: FLOR)("Fluormin" or the "Company") announces
that a circular setting out the terms of the mandatory offer being
made by the Company to the holders of ordinary shares and
convertible debentures in Sallies Limited ("Sallies") ("Sallies
Security Holders") has today been posted to Sallies Security
Holders. The circular is available on the Company's website
(www.fluormin.com).
Sallies has today convened a general meeting to approve the
proposed scheme of arrangement under which the offer to Sallies
Security Holders will, subject to Sallies Security Holder approval,
be effected ("EGM"). The EGM will be held on 29 November 2011.
If the resolutions at the EGM are passed, the board of Fluormin
envisage that the acquisition of the minority shareholdings and the
convertible debentures in Sallies will be completed by 20 December
2011 for a total cash consideration of approximately
ZAR78,060,482.32. If successful, the offer will give Fluormin a 100
per cent ownership interest in Sallies.
Contact Information
Fluormin plc
Al Gourley, Chief Executive (44)020-7556-0940, agourley@fluormin.com
Officer
Westhouse Securities
Martin Davison (44)020 7601 6100, martin.davison@westhousesecurities.com
Tim Feather (44)020 7601 6100, tim.feather@westhousesecurities.com
Tavistock Communications
Lydia Eades (44)020 7290 3150, leades@tavistock.co.uk
Jos Simson (44)020 7290 3150, jsimson@tavistock.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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