TIDMFLOR

RNS Number : 2328R

Fluormin PLC

01 November 2011

Fluormin plc

("Fluormin" or the "Company")

POSTING OF OFFER DOCUMENT

Fluormin Plc (AIM: FLOR)("Fluormin" or the "Company") announces that a circular setting out the terms of the mandatory offer being made by the Company to the holders of ordinary shares and convertible debentures in Sallies Limited ("Sallies") ("Sallies Security Holders") has today been posted to Sallies Security Holders. The circular is available on the Company's website (www.fluormin.com).

Sallies has today convened a general meeting to approve the proposed scheme of arrangement under which the offer to Sallies Security Holders will, subject to Sallies Security Holder approval, be effected ("EGM"). The EGM will be held on 29 November 2011.

If the resolutions at the EGM are passed, the board of Fluormin envisage that the acquisition of the minority shareholdings and the convertible debentures in Sallies will be completed by 20 December 2011 for a total cash consideration of approximately ZAR78,060,482.32. If successful, the offer will give Fluormin a 100 per cent ownership interest in Sallies.

Contact Information

 
 Fluormin plc 
 Al Gourley, Chief Executive                    (44)020-7556-0940, agourley@fluormin.com 
  Officer 
 Westhouse Securities 
 Martin Davison                (44)020 7601 6100, martin.davison@westhousesecurities.com 
 Tim Feather                      (44)020 7601 6100, tim.feather@westhousesecurities.com 
 Tavistock Communications 
 Lydia Eades                                   (44)020 7290 3150, leades@tavistock.co.uk 
 Jos Simson                                   (44)020 7290 3150, jsimson@tavistock.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

END

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