24 February
Publication of Prospectus.
Vallar is pleased to announce the publication of a prospectus in connection with the acquisition of holdings in PT. BUMI Resources Tbk ("BUMI") and PT Berau Coal Energy Tbk as set out in its announcement of 16 November 2010.
The BUMI transaction is expected to close in the week commencing 28 February 2011. At the same time, Vallar will assume control of Berau. PT Bukit Mutiara is expected to transfer title to and registered ownership of the Berau Shares to the Vallar group on or around 8 April 2011 after the expiry of the BCE Lock-up.
Commenting on today's announcement, Nathaniel Rothschild, Co-chairman of Vallar, said:
"Today's announcement represent and important milestone towards our objective of creating a London-listed Indonesian coal champion and we are extremely pleased by the progress that has been made towards integrating Vallar, BUMI and Berau since this groundbreaking transaction was announced in November".
Capitalised terms not otherwise defined in this announcement have the meanings given to them in the Prospectus.
You can download The Prospectus of Vallar Plc at here
contac me at truly.fendi@gmail.com if you can't download it.