Update re Scheme and listing of Bullabulling Gold Ltd
29 Février 2012 - 5:33PM
UK Regulatory
TIDMGGG
GGG Resources plc
(the "Company" or "GGG")
Update re Scheme and listing of Bullabulling Gold Limited
The Board of GGG is pleased to provide the following update in relation to the
proposed dual listing of Bullabulling Gold Limited ("BBG") on AIM and the ASX.
As announced on the 20 February 2012, the draft Admission Document and
information memorandum has been submitted to the ASX for review. The ASX has
indicated to the Company that approval may not be received in time for the
previously anticipated GGG Scheme Court Hearing on 8 March 2012. Consequently,
at the court hearing earlier today, the Company applied for an adjournment
until 15 March 2012. It is expected that BBG's admission to AIM will now occur
on 16 March 2012.
An updated outline of the anticipated timetable in relation to the Scheme and
dual listing is set out below:
Event Time
Lodge Appendix 1A and Information Memorandum Fri 17 Feb 2012
with ASX
Last day of dealings in GGG CDIs on ASX Wed 29 February 2012
Disablement of GGG Shares in CREST Wed 14 March 2012
GGG Scheme Record Time 6.00pm (UK) Wed 14 March 2012
Final GGG Scheme Court Hearing Thurs 15 March 2012
Suspended trading of GGG Shares on AIM Thurs 15 March 2012
Issue of BBG Shares and BBG DIs to GGG Fri 16 March 2012
Shareholders and grant of BBG options to GGG
option holders
De-listing of GGG from ASX and termination of 5.00pm (WST) Fri 16 March 2012
quotation of GGG CDIs on ASX
Cancellation of admission to trading of GGG 7.00am (UK) Fri 16 March 2012
Shares on AIM
Commencement of dealings in the New BBG Shares 7.00am (UK) Fri 16 March 2012
on AIM and settlement through CREST of new BBG
DIs under GGG Scheme
AZX Shareholder Scheme meeting 10.00am (Brisb) Thurs 22 March 2012
BBG listed on ASX and BBG shares quoted on ASX Fri 23 March 2012
AZX Second Court Hearing Tues 27 March 2012
AZX Scheme Effective Date Wed 28 March 2012
BBG shares suspended from ASX until AZX scheme Wed 28 March 2012
implemented
AZX shares suspended from quotation on ASX 9.00am (EST) Thurs 29 March 2012
Cash Balancing Placement Date Thurs 29 March 2012
AZX Scheme Record Date 6.00pm (Brisbane) Thurs 5 April 2012
AZX Scheme Implementation Date - BBG shares and Weds 11 April 2012
options issued to AZX shareholders and optionholders
Despatch date for new BBG shares and options Weds 11 April 2012
Termination of official quotation of AZX from Thurs 12 April 2012
ASX
Commencement of quotation of new BBG Shares on Mon 16 April 2012
ASX
Suspension of quotation of BBG Shares on ASX Mon 16 April 2012
lifted
* These dates are anticipated dates only and may change without notice.
** On 17 February Auzex announced that the Queensland Supreme Court has
approved the Scheme Booklet for the proposed Merger and that, accordingly,
Auzex would be posting the scheme booklet and proxy form for the Australian
Scheme meeting by 22 February 2012.
Cancellation
Please note that it is expected that, if the Scheme becomes Effective, the
admission to dealings of GGG Shares on AIM will be cancelled with effect from
07:00 a.m. on 16 March 2012.
Other
Terms and expressions in this announcement shall, unless the context otherwise
requires, have the same meanings as given to them in Scheme Circular sent to
shareholders in relation to the Scheme dated 13 December 2011.
The Directors will make further announcements in due course.
Dr. Jeffrey Malaihollo Westhouse Securities Limited (UK Nominated Adviser)
MD, GGG Resources plc (UK) Tom Price / Martin Davison / Jonathan Haines
Tel: + 44 1992 531820 Tel: + 44 20 7601 6100
Email: www.gggresources.com
Neil Boom Collins Stewart Europe Limited (Broker)
MD, Gresham PR Ltd (UK). John Prior / Adam Miller
Tel: + 44 7866 805 108 Tel: + 44 20 7523 8350
David McArthur David Brook
GGG Resources plc (Australia) Professional Public Relations (Australia media)
41 Stirling Highway T: +61 8 9388 0944/ +61 433 112 936
Nedlands, WA 6009 E: david.brook@ppr.com.au
Australia
Tel: +61 8 9423 3200
END
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