Participation in Placing

RNS Number : 3810Y

Centamin PLC

21 February 2013

 



For immediate release

21 February 2013

Centamin plc ("Centamin" or "the Company")

(LSE:CEY, TSX:CEE)

Participation in Placing

Centamin plc ("Centamin" or "the Company") (LSE: CEY, TSX: CEE) announces that it has subscribed for 38,475,000 new ordinary shares for a consideration of £769,500 in the firm placing ("the Firm Placing"), and a further 42,525,000 new ordinary shares for a consideration of £850,500 in the conditional placing ("the Conditional Placing") announced by Nyota Minerals Limited ("Nyota") today.

Following the Firm Placing, Centamin will own 128,475,000 Ordinary Shares in Nyota, equalling 17.00% of Nyota's enlarged share capital.  Following the Conditional Placing becoming unconditional in all respects, Centamin will own 171,000,000 Ordinary Shares in Nyota, equalling 19.87% of Nyota's enlarged share capital. Centamin was previously the holder of 90,000,000 shares in Nyota via its wholly owned subsidiary Centamin Holdings Limited.

Centamin views this investment as being in keeping with its stated objective of exploration and development in the highly prospective Arabian-Nubian Shield.

For more information please contact:

Centamin plc Josef El-Raghy, Chairman Andy Davidson, Head of Business Development and Investor Relations ([e-mail]) [phone]

Buchanan Bobby Morse Cornelia Browne Gabriella Clinkard + 44 (0) 20 7466 5000

 

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