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Resource Generation Ltd.
JSE RES 5,63 -22,73%
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Takeovers Panel Application

Publié le 12 octobre 2015

9240e591c7695b5f475ae9.pdf


ASX: RES


12 October 2015


ASX Release


Takeovers Panel Application


Resource Generation has submitted an application to the Takeovers Panel seeking a declaration of unacceptable circumstances in relation to the affairs of the company. The circumstances relate to the association between its three largest shareholders being:

  • Altius Investments Holdings (Pty) Limited, the parent company of shareholder Shinto Torii Inc (Altius);

  • Noble Group, the parent company of shareholder Noble Resources International Pte Ltd (Noble); and

  • Public Investment Corporation SOC Limited (PIC).


The company is seeking orders from the Takeovers Panel that none of Altius, Noble or PIC be able to vote at the requisitioned general meeting or any adjournment thereof.


Contacts

Paul Jury, Managing Director on (02) 9376 9000 or

Steve Matthews, Company Secretary on (02) 9376 9000


Media enquiries

Anthony Tregoning (02) 8264 1000


Resource Generation is developing the Boikarabelo coal mine in the Waterberg region of South Africa, which accounts for 40% of the country's remaining coal resources. There are probable reserves of 744.8 million tonnes* of coal on 35% of the tenements under the company's control (refer ASX announcement dated 16 December 2010). Stage 1 of the mine development targets saleable coal production of 6 million tonnes per annum.


*This information was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.


Resource Generation Limited (ACN 059 950 337) www.resgen.com.au Level 12 Chifley Tower, 2 Chifley Square, Sydney NSW 2000

GPO Box 5490, Sydney NSW 2001. Phone +61 2 9376 9000 Fax +61 2 9376 9013

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