Publication of Prospectus

RNS Number : 3657U

Centamin Egypt Limited

20 December 2011

 



For immediate release

20 December 2011

This announcement is an advertisement and not a prospectus and investors should not subscribe for or purchase any securities referred to in this announcement except on the basis of information to be contained in the prospectus in connection with the admission of its ordinary shares to the premium segment of the Official List of the Financial Services Authority and to trading on the London Stock Exchange's main market for listed securities.

Publication of Prospectus

Centamin Egypt Limited ("Centamin" or the "Company") (LSE: CEY, TSX: CEE) is pleased to announce the publication of a prospectus ("Prospectus") in connection with the proposed admission of the shares of Centamin plc to the premium segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's Main Market for listed securities (the "Admission"). Centamin plc is a Jersey incorporated company that is expected to become the parent company of Centamin on the implementation of the scheme of arrangement that was approved by Centamin shareholders on 14 December 2011 (the "Scheme").

Admission is expected to occur on or around 30 December 2011 at 8:00 a.m., the Scheme having been approved by the Supreme Court of Western Australia earlier today provided that the remaining conditions are satisfied or waived.  Application has been made under Listing Rule 5.3.1, and trading in Centamin's ordinary shares is expected to be cancelled simultaneously. The ticker symbol for Centamin plc's ordinary shares will remain as CEY on the London Stock Exchange and as CEE on the Toronto Stock Exchange.    

A copy of the Prospectus has been submitted to the National Storage Mechanism and will shortly be available for inspection on the Company's website at: www.centamin.com.

For more information please contact:

Centamin Egypt Limited Chris Aujard, General Counsel & Company Secretary ([e-mail]) Katharine Sutton, Head of Investor Relations ([e-mail]) [phone] RBC Capital Markets (Sponsor) Matthew Coakes Daniel Conti [phone] Buchanan Bobby Morse Gabriella Clinkard [phone]

About Centamin Egypt Limited

Centamin is a mineral exploration, development and mining company that has been actively exploring in Egypt since 1995. The principal asset of Centamin is its interest in the Sukari Gold Mine, located in the Eastern Desert of Egypt. Construction at the Sukari Gold Project commenced in March 2007 with first gold being produced in June 2009.

The Sukari Gold Mine is the first large-scale modern gold mine in Egypt. Centamin's operating experience in Egypt gives it a significant first-mover advantage in acquiring and developing other gold projects in the prospective Arabian-Nubian Shield.

In 2011 Centamin acquired Sheba Exploration (UK) PLC and now has interests in four mineral licences in Ethiopia where it is conducting further exploration activities.

This announcement does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities or any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, such securities by any person in any circumstances, and in any jurisdiction.

This announcement contains or may contain certain forward-looking statements with respect to certain plans of the Company and its current goals and expectations relating to its future financial condition and performance and which involve a number of risks and uncertainties. The Company cautions readers that no forward-looking statement is a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking statements. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use words such as "aim", "anticipate", "target", "expect", "estimate", "intend", "plan", "goal", "believe", or other words of similar meaning. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. As a result, the Company's actual future results may differ materially from the plans, goals, and expectations set forth in the Company's forward-looking statements. Any forward-looking statements made herein by or on behalf of the Company speak only as of the date they are made. Except as required by applicable law or regulation, the Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this announcement to reflect any changes in the Company's expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based.

 

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