Update re Scheme and Listing of Bullabulling Gold Ltd
February 20 2012 - 4:26AM
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 previously advised the Scheme to acquire GGG by BBG has been approved by GGG
Shareholders and remains conditional upon the following steps.
i. the sanction (with or without modification (but subject to such
modification being acceptable to GGG)) of the Scheme and the confirmation
of the Capital Reduction by the Court;
ii. an office copy of the Order and of the Statement of Capital being delivered
for registration to the Registrar of Companies; and
iii. BBG obtaining conditional approval for the admission to trading of BBG
shares on ASX and AIM.
In order to obtain the conditional approval for the listing of BBG on the ASX,
the draft Admission Document and information memorandum for the purposes of the
ASX Listing Rules, has been submitted to the ASX for review.
This document, which is due to be published today on the ASX website, outlines
a revised anticipated timetable in relation to the Scheme and dual listing as
set out below:
Last day of dealings in GGG CDIs on ASX 29 February 2012
Disablement of GGG Shares in CREST 7 March 2012
UK Scheme Record Time 6.00pm (UK) 7 March 2012
Final UK Scheme Court Hearing and Effective Date of the UK Scheme 8 March 2012**
Suspended trading of GGG Shares on AIM 8 March 2012
Issue of BBG Shares and BBG DIs to GGG Shareholders and 9 March 2012
grant of BBG options to GGG Optionholders
De-listing of GGG from ASX and termination of quotation of 9 March 2012
GGG CDIs on ASX 5.00pm (WST)
Cancellation of admission to trading of GGG Shares on AIM 7.00am (UK) 9 March 2012
Admission to AIM effective and commencement of dealings on AIM 7.00am (UK) 9 March 2012
Admission of BBG to ASX Official List and BBG Shares commence quotation 20 March 2012
on ASX
AZX Shareholder Australian Scheme meeting 10.00am (Brisb)*** 22 March 2012
AZX Second Court Hearing for Australian Scheme 27 March 2012
Australian Scheme Effective Date 28 March 2012
AZX Shares suspended from quotation on ASX 9.00am (EST) 29 March 2012
Cash Balancing Placement Date 29 March 2012
Australian Scheme Record Date 6.00pm (Brisbane) 5 April 2012
Australian Scheme Implementation Date - BBG shares and options issued to 11 April 2012
AZX Shareholders and Optionholders
Despatch date for new BBG Shares and Options 11 April 2012
De-listing of AZX from ASX 12 April 2012
Commencement of quotation of new BBG Shares issued under 16 April 2012
Australian Scheme on ASX
* These dates are anticipated dates only and may change without notice.
* *The Company will be represented by Counsel at the Final UK Scheme Hearing on
29 February, and an application for an adjournment of that hearing until 8
March 2012 will be made.
*** 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 9 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
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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