Scheme of Arrangement becomes binding
15 Junio 2010 - 8:35AM
UK Regulatory
TIDMRMLA TIDMENK
RNS Number : 6554N
Rusina Mining NL
15 June 2010
15 June 2010
SCHEME OF ARRANGEMENT BECOMES BINDING
The Directors of Rusina Mining NL (Rusina) (ASX:RML, AIM:RMLA) are pleased to
advise that the Court Orders approving the scheme of arrangement with European
Nickel PLC (AIM, PLUS: ENK) have been lodged with ASIC this afternoon at which
time the scheme became binding.
The timetable for implementing the scheme is unchanged from that announced to
the ASX on 8 June, 2010 namely:
1. Rusina will request suspension of Rusina shares from trading on ASX and AIM
from close of trading today;
2. the record date for determining entitlements to the scheme consideration
will be 5.00pm on Wednesday, 23 June 2010;
3. the merger implementation date will be Thursday, 24 June 2010 when the
scheme consideration is issued to the scheme participants;
4. the despatch of holding statements for European Nickel CDIs will be on
Monday 28 June 2010;
5. the latest date for despatch of certificated European Nickel new shares and
for CREST stock accounts to be credited will be on Tuesday 29 June 2010; and
6. European Nickel CDI's are expected to commence trading on ASX, and European
Nickel new shares will commence trading on AIM on Tuesday, 29 June 2010.
In connection with implementing the scheme of arrangement, Rusina directors
Gordon Getley, Phil Fillis and Antony Butler will be resigning from the board of
Rusina with effect from today. Simon Purkiss and Mark Hanlon will be appointed
to the Rusina board with effect from today.
The board of European Nickel will also be meeting today at which time Robert
Gregory and Mark Hanlon will be appointed Managing Director and Finance Director
respectively. Simon Purkiss will become Executive Deputy Chairman and Andrew
Lindsay, Sir David Logan and Euan Worthington will step down from the board.
European Nickel anticipates the appointment of an additional independent non
executive director shortly thereafter.
For more information, please visit enickel.co.uk website or www.rusina.com.au or
contact:
+---------------------------------+---------------------------------+
| European Nickel | Rusina Mining |
+---------------------------------+---------------------------------+
| Simon Purkiss or Andrew Lindsay | Robert Gregory or Mark |
| European Nickel | Hanlon |
| Tel: +44 20 7290 3130 (London) | Rusina Mining |
| | Tel: +61 8 9226 1111 |
| Andrew Chubb or Tarica Mpinga | (Perth) |
| Canaccord Genuity | |
| Tel: +44 20 7050 6500 | Roland Cornish |
| | Beaumont Cornish |
| Alex Buck | Tel: +44 20 7628 3396 |
| BuckBias | |
| Tel: +44 7932 740 452 | Kevin Skinner |
| | Field Public Relations |
| | Tel: +61 8 8234 9555 or / |
| | +61 414 822 631 |
+---------------------------------+---------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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