Red Rock Resources plc Jupiter Mines Buy-Back Update (0296S)
September 28 2017 - 2:01AM
UK Regulatory
TIDMRRR
RNS Number : 0296S
Red Rock Resources plc
28 September 2017
Red Rock Resources plc
("Red Rock " or the "Company")
Jupiter Mines Buy-Back Update
28 September 2017
Further to the announcements of 31 July 2017 and 11 September
2017, Red Rock notes that Jupiter Mines Ltd ("Jupiter"), an
Australian unlisted public company, has announced a further update
regarding its planned US$25m distribution to its shareholders.
Highlights:
o Distribution will be by means of an equal access share buyback
to return US$25m (approximately AU$31.3m) to Jupiter shareholders
("Buy-Back")
o All Jupiter shareholders to be made an equal offer to Buy-Back
4% of their shares at a price of US$0.29 (AU$0.36) per share
o Updated Buy-Back schedule provided below
Event Date
Wednesday, 27 September
Booklet lodged with ASIC 2017
Record Date of Buy-Back Thursday, 28 September
Offer (2.00pm WST) 2017
Tuesday, 3 October
Booklet dispatched to Shareholders 2017
Tuesday, 3 October
Opening date (9.00am WST) 2017
Tuesday, 7 November
Closing date (2.00pm WST) 2017
Monday, 4 December
Acceptances processed 2017
Tuesday, 5 December
Cancellation of Shares 2017
Dispatch of confirmation Tuesday, 5 December
letters 2017
Dispatch of payment to Buy-Back Tuesday, 5 December
participants 2017
The full Jupiter announcement may be read on its website
www.jupitermines.com.
Red Rock Chairman Andrew Bell states: "Further details on the
upcoming share buyback have been released by Jupiter including now
more definitive timetables. This buyback is expected to bring
nearly $300,000 into Red Rock and will push the totals for the year
to nearly $1m.
Our investment in manganese production in South Africa continues
to form a meaningful part of our financing mix and we look forward
to more news from Jupiter regarding developments at Tshipi and the
strategic options currently under consideration. "
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014
For further information, please contact:
Andrew Bell 0207 747 9990 Chairman Red Rock Resources Plc
Scott Kaintz 0207 747 9990 Director Red Rock Resources Plc
Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited
Neil Badger 0129 351 7744 Broker Dowgate Capital Stockbrokers
Ltd
This information is provided by RNS
The company news service from the London Stock Exchange
END
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