Kumba circular to shareholders released
09 October, 2006
Empowerment transaction – shareholder documentation
Diversified mining and metals group Kumba Resources Limited (Kumba) today released listing documents including a circular to shareholders setting out details of the empowerment transaction involving Kumba, Anglo American plc, the Industrial Development Corporation and Eyesizwe Mining (Proprietary) Limited.
The landmark transaction will see Kumba split into two empowered entities which will both be listed on the JSE – Kumba Iron Ore Limited and Exxaro Resources Limited. Kumba Iron Ore will be the JSE's first pure iron ore play and Exxaro will be South Africa's flagship empowerment company.
The transaction is subject to the fulfilment of certain conditions that include the approval by Kumba shareholders of the transaction. A general meeting of shareholders to approve the transaction will take place on 2 November 2006. Kumba Iron Ore will list on the JSE on 20 November 2006 and Kumba will re-list as Exxaro on 27 November 2006.
The listing documentation is being distributed to stakeholders today and will be available for viewing and download on http://www.kumbaresources.com/ from 11:00. For enquiries about copies of the documentation, contact Denise Greve on email: [email protected]