LUXEMBOURG, Dec. 22 /CNW/ - Dutch Investments (Lux) S.á r.l. ("Dutch Investments"), a limited liability company constituted and existing under the laws of Luxembourg and having its registered address at L-1931 Luxembourg, 13-15 Avenue de la Liberté, announced that it has acquired 98,901,099 newly issued common shares (the "Purchased Shares") from Platmin Limited ("Platmin") at a price of US$0.91 (CA$0.93) per common share for a total gross subscription amount of US$90,000,000. The Purchased Shares represent 13.19% of Platmin's issued and outstanding common shares following the conclusion of the transaction. Prior to the transaction, Dutch Investments did not own any shares in Platmin. The common shares were acquired in connection with a private placement announced by Platmin on November 30, 2010.
Dutch Investments has subscribed for the Platmin common shares for investment purposes. Depending on market conditions and other factors, Dutch Investments may from time to time acquire additional Platmin securities or dispose of its Platmin securities, in the open market, by private agreement, or otherwise.
For further information:
A copy of the early warning report filed by Dutch Investments in respect of this acquisition will be available at www.sedar.com or may be obtained by contacting the following individual:
Hille-Paul Schut
13-15 Avenue de la Liberté
L-1931 Luxembourg
| Tel: +352 2689 01 |
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