Vallar announces that Bumi plc has today entered into sale and purchase agreements with a number of shareholders in Bumi Resources (the "Selling Bumi Resources Shareholders"), pursuant to which Bumi plc has agreed to purchase, and the Selling Bumi Resources Shareholders have agreed to sell, an aggregate of 800,325,500 shares in the capital of Bumi Resources (representing approximately 3.9 per cent. of the issued ordinary share capital of Bumi Resources) in consideration of the issue to the Selling Bumi Resources Shareholders of 13,880,082 Bumi Voting Ordinary Shares ("the Bumi Resources Step-Up Acquisitions").
These transactions are expected to close on or around 5 July 2011, at which point the Group's total shareholding in Bumi Resources will be increased to approximately 28.9 per cent.
As a result of the issue of Bumi Voting Ordinary Shares to the Selling Bumi Resources Shareholders, 5,948,607 Bumi Suspended Voting Ordinary Shares, issued to the Bakrie Group on the closing of the Bumi Resources Transaction, will convert into Bumi Voting Ordinary Shares on a one-for-one basis.
Supplementary Prospectus
Bumi plc will shortly publish a supplementary prospectus (the "Supplementary Prospectus") in connection with the application for admission of Bumi Voting Ordinary Shares, including those issued and converted following completion of the Bumi Resources Step-Up Acquisitions as described above, to the premium listing segment of the Official List and to trading on the London Stock Exchange's main market for listed securities.
The Supplementary Prospectus should be read and construed in conjunction with the prospectus published by Bumi plc dated 17 June 2011 (the "Prospectus").
A copy of the Supplementary Prospectus will be submitted to the National Storage Mechanism and will be available for inspection at www.Hemscott.com/nsm.do. Copies of the Supplementary Prospectus will also be available from Bumi plc's registered office.
Capitalised terms not otherwise defined in this announcement have the meanings given to them in the Prospectus and Supplementary Prospectus.
For further information, please contact:
Vallar: 020 7518 8189
Nick von Schirnding
J.P. Morgan Cazenove: 020 7588 2828
Ian Hannam
James Taylor
Finsbury: 020 7251 3801
Ed Simpkins
Charles Chichester
This announcement has been issued by and is the sole responsibility of the Company.
This announcement is an advertisement and not a prospectus and you should not subscribe for or purchase any shares referred to in this announcement except on the basis of information in the Prospectus and Supplementary Prospectus published by Bumi plc in connection with the admission and proposed admission of certain of its ordinary shares to the premium listing segment of the Official List of the Financial Services Authority and to trading on London Stock Exchange plc's main market as more particularly described in the Prospectus. Copies of the Prospectus are available for inspection at Vallar's registered office at 12 Castle Street, St. Helier, Jersey JE2 3RT and Bumi plc's registered office at 2nd Floor, Ibex House, 42-47 Minories, London EC3N 1DX.
J.P. Morgan Limited (which conducts its UK investment banking activities as J.P. Morgan Cazenove) ("J.P. Morgan Cazenove"), which is authorised and regulated by the Financial Services Authority, is acting for Vallar and Bumi plc and no one else in connection with the Bumi Resources Step-Up Acquisitions (as defined in the Supplementary Prospectus) and the Proposals and will not be responsible to anyone other than Vallar and Bumi plc for providing the protections afforded to clients of J.P. Morgan Cazenove.
This announcement does not constitute or form part of any offer or invitation to purchase, otherwise acquire, issue, subscribe for, sell or otherwise dispose of any securities, nor any solicitation of any offer to purchase, otherwise acquire, issue, subscribe for, sell or otherwise dispose of, any securities.
The securities of the Company referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States unless they are registered with the U.S. Securities and Exchange Commission or an exemption from the registration requirements of the Securities Act is available.
The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions.
This announcement does not constitute or form part of any offer or invitation to purchase, otherwise acquire, subscribe for, sell, otherwise dispose of or issue, or any solicitation of any offer to sell, otherwise dispose of, issue, purchase, otherwise acquire or subscribe for, any security, therefore this announcement does not constitute a public offering in Indonesia under Law Number 8 of 1995 regarding Capital Market.
This information is provided by RNS
The company news service from the London Stock Exchange
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