THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
Zug, 19 March 2009
NEWS RELEASE
SALE OF RIGHTS ISSUE RUMP
Xstrata announced previously that it had received valid acceptances in respect of 1,944,012,662 New Shares, representing approximately 99.42% of the total number of New Shares offered to Shareholders pursuant to the fully underwritten Rights Issue announced by the Company on 29 January 2009.
Xstrata confirms that Deutsche Bank and J.P. Morgan Cazenove have procured purchasers for the remaining 11,328,418 New Shares for which valid acceptances were not received at an average price of �3.9365 per New Share.
The net proceeds, after deduction of the Issue Price of �2.10 per New Share and the expenses of procuring purchasers (including any applicable brokerage fees and commissions and amounts in respect of value added tax), will, save for amounts less than �5.00, be paid to those persons whose rights have lapsed in accordance with the terms of the Rights Issue, pro rata, to their lapsed provisional allotments.
Ends
Contacts
Xstrata |
Aura Financial |
Claire Divver |
|
Michael Oke |
|
Telephone |
+44 20 7968 2871 |
Telephone |
+44 20 7321 0000 |
Mobile |
+44 7785 964 340 |
Mobile |
+44 7834 368 299 |
Email |
cdivver@xstrata.com |
Email |
Michael@aura-financial.com |
|
|
|
|
Deutsche Bank |
J.P. Morgan Cazenove |
Brett Olsher |
|
Ian Hannam |
|
Charlie Foreman |
|
Neil Passmore |
|
Toby Clark |
|
James Taylor |
|
Telephone |
+44 20 7545 8000 |
Telephone |
+44 20 7588 2828 |
Deutsche Bank, J.P. Morgan Cazenove and J.P. Morgan Securities Ltd. are each authorised and regulated by the Financial Services Authority in the UK and are acting for Xstrata and no one else in connection with the Rights Issue and will not be responsible to anyone other than Xstrata for providing the protections afforded to their respective clients or for providing advice in relation to the Rights Issue.
Deutsche Bank, J.P. Morgan Cazenove and J.P. Morgan Securities Ltd. (the "Banks") and/or their affiliates provide various investment banking, commercial banking and financial advisory services from time to time to the Xstrata Group. In addition, affiliates of the Banks are lenders under certain of the Xstrata Group's debt facilities.
No person has been authorised to give any information or to make any representations other than those contained in this announcement and, if given or made, such information or representations must not be relied on as having been authorised by Xstrata or any of the Banks. Subject to the Listing Rules, the Prospectus Rules and the Disclosure and Transparency Rules, the issue of this announcement shall not, in any circumstances, create any implication that there has been no change in the affairs of the Xstrata Group since the date of this announcement or that the information in it is correct as at any subsequent date.
The information contained herein is restricted and is not for release, publication or distribution, directly or indirectly, in whole or in part in, into or from the United States, Canada, Australia, Japan or South Africa or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.
This announcement is not an offer of securities for sale or a solicitation of an offer to purchase securities in the United States. The New Shares, have not been and will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") or under any relevant securities laws of any state or other jurisdiction of the United States and, accordingly, may not be offered, sold, taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly, within the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and in compliance with state securities laws.
Neither the content of the Company's website (or any other website) nor the content of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.
This announcement has been prepared for the purposes of complying with applicable law and regulation in the United Kingdom and the information disclosed may not be the same as that which would have been disclosed if this announcement had been prepared in accordance with the laws and regulations of any jurisdiction outside of the United Kingdom.
The address of Deutsche Bank is Winchester House, 1 Great Winchester Street, London EC2N 2DB, United Kingdom. The address of J.P. Morgan Cazenove is 20 Moorgate, London, EC2R 6DA, United Kingdom. The address of J.P. Morgan Securities Ltd. is 125 London Wall, London EC2Y 5AJ, United Kingdom.