Sierra Rutile issues merger update

Sierra Rutile said its statutory merger with Iluka Investments (BVI) Ltd is expected to become effective with closing on Nov. 29.

As announced on 21 November 2016, SRL has made an application to the London Stock Exchange for the suspension and cancellation of the admission to trading on AIM of, and cessation of dealings in, SRL Shares.

Suspension is now expected to occur at 7.30 a.m. on 29 November 2016 and cancellation is now expected to occur at 7.00 a.m. on 30 November 2016.

Upon the Merger becoming effective, all SRL Shares will be cancelled and any share certificates in respect of the Depositary Interests will cease to be valid and the Depositary Interests held in CREST will be cancelled.

Defined terms used but not defined in this announcement have the meanings set out in the Circular.