Termination of CDC Agreement
01 Febrero 2008 - 3:23AM
UK Regulatory
RNS Number:0689N
Mineral Securities Limited
01 February 2008
Mineral Securities Limited
1 February 2008
Termination of Share Purchase Agreement with CDC Group plc
Following its announcement on 29 January 2008 that Mineral Securities Limited
("Minsec" or the "Company") had suspended the credit application process in
respect of a facility to fund the final tranche of shares of Platmin Limited due
under the terms of the Share Purchase Agreement with CDC Group PLC ("CDC") (the
"Share Purchase Agreement") originally announced on 9 November 2007, the
Company, CDC and Minsec Investments (BVI) Limited, a wholly owned subsidiary of
Minsec (and purchaser under the Share Purchase Agreement), have agreed to
terminate the Share Purchase Agreement with immediate effect, with the result
that no party has any further obligations in connection with the Share Purchase
Agreement.
Minsec currently holds 19,546,674 common shares in Platmin representing 17.69%
of the outstanding common shares in Platmin. Minsec holds the securities for
investment purposes and may acquire further common shares or dispose of its
holdings of common shares both as investment conditions warrant.
For additional information or for a copy of Minsec's early warning report,
please contact:
Keith Liddell, Chief Executive Officer
James Haddock, Interim Chief Financial Officer and Company Secretary
Tel: +44 20 7478 5100 (London) +61 8 9221 7466 (Perth)
Email: enquiries@mineralsecurities.com
Nominated Adviser: RBC Capital Markets
Martin Eales Tel: +44 20 7029 7881
This information is provided by RNS
The company news service from the London Stock Exchange
END
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