Paladin Energy Ltd Announces Results of Tender Offer
(firmenpresse) - PERTH, WESTERN AUSTRALIA -- (Marketwire) -- 05/24/12 -- Paladin Energy Ltd (TSX: PDN)(ASX: PDN) (Paladin or the Company) refers to its invitation of tenders for repurchase for cash of up to U.S.$200,000,000 of its outstanding U.S.$325,000,000 5.00 per cent. convertible bonds due 2013 convertible into ordinary shares of Paladin issued on 11 March 2008 and due March 2013 (Bonds), which are listed on Singapore Exchange Securities Trading Limited.
Paladin previously announced on 23 April 2012 the launch of a tender offer pursuant to which certain holders of the Bonds (the Bondholders) were invited to tender any or all of their Bonds for repurchase by Paladin for cash (the Offer) (subject to a minimum tender amount of U.S.$200,000 in nominal amount of the Bonds) upon the terms and subject to the conditions contained in the Tender Offer Memorandum dated 23 April 2012 as supplemented by the Supplemental Tender Offer Memorandum dated 16 May 2012 (as so supplemented, the Tender Offer Memorandum). On 23 May 2012, Paladin announced the expiry of the period for Bondholders to tender their Bonds under the Offer.
Paladin announces that:
Paladin expects to make an announcement on or about 29 May 2012 stating, among other things, that settlement has taken place, the total consideration paid by it for the Bonds repurchased by it pursuant to the Offer and the aggregate nominal amount of Bonds remaining outstanding following completion of the Offer.
Caution Regarding Forward-Looking Statements: Statements in this news release regarding the proposed future announcement regarding settlement of the Offer is a forward-looking statement. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ from those expressed or implied by such statements. There can be no guarantee such statements will be realised. In particular, there can be no assurance as to when or if settlement will occur. Reference should be had to Paladin's public disclosure documents, including its most recent Annual Information Form, which are available under Paladin's profile at , for a discussion of risk factors affecting the Company.
ACN 061 681 098
Contacts:
In Australia:
John Borshoff
Managing Director/CEO, Paladin Energy Ltd
+61 8 9381 4366 or Mobile: +61 419 912 571
+61 (8) 9381 4978 (FAX)
In Canada:
Greg Taylor
Investor Relations Contact
905 337-7673 or Mobile: 416 605-5120 (Toronto)
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 24.05.2012 - 13:00 Uhr
Sprache: Deutsch
News-ID 149841
Anzahl Zeichen: 0
contact information:
Town:
PERTH, WESTERN AUSTRALIA
Kategorie:
Mining & Metals
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