22 July 2010 - LGL releases Scheme Booklet
The Scheme booklet for the proposed merger of Lihir Gold Ltd (LGL) with Newcrest Mining Ltd has been released today. The booklet includes an independent expert’s report, prepared by Grant Samuel and Associates, which concludes that the proposed Scheme of Arrangement is in the best interests of LGL
shareholders, in the absence of a superior proposal. LGL Chairman, Dr Ross Garnaut, said the terms of the proposed merger were attractive for LGL shareholders and the combination with Newcrest would create a major, global gold company with a diversified portfolio of high quality operations. “This proposed merger will allow LGL shareholders to maintain an exposure to the company’s operations and participate in the strategic and financial benefits of the combination with
Newcrest,” Dr Garnaut said. LGL Directors unanimously recommend that LGL shareholders vote in favour of the Scheme, in the absence of a superior proposal The Scheme booklet contains a letter from Dr Garnaut providing further explanation of the Scheme and the Board’s recommendation. The letter is attached to this announcement. The full
Scheme booklet has been lodged with the Australian Securities Exchange today, and is available on the LGL website (www.LGLgold.com). The booklet is expected to be mailed to all LGL
shareholders by early next week. Shareholders are encouraged to read the document in its entirety. Scheme Meeting The release of the Scheme booklet follows the National Court of PNG making orders for the convening of a meeting of LGL shareholders to vote on the Scheme. The meeting will be held at Ballrooms 1 and 2, the Crowne Plaza Hotel, Corner of Hunter and Douglas Streets, Port Moresby, Papua New Guinea on Monday, 23 August 2010 at 11.00am. LGL shareholders who are registered on the LGL Share Register at Saturday, 21 August 2010 at 7.00pm are entitled to vote in relation to the Scheme Meeting. LGL shareholders do not need to attend the Scheme Meeting in person to vote, as their vote can be made by proxy by completing the proxy form enclosed with the Scheme booklet. All proxy
voting instructions must be returned to LGL's share registry by Saturday, 21 August 2010 at 11.00am in accordance with the directions set out in the proxy form. Further Information A copy of the Scheme booklet and all other announcements relating to the Scheme may also be downloaded from the LGL website (www.LGLgold.com). An LGL shareholder information line is available on 1300 749 597 (within Australia) or +61 3 9415 4665 (outside Australia) between 8.30am and 5.00pm (Australian Eastern Standard Time), Monday to Friday. For further information regarding LGL please contact: Joe Dowling
GM Corporate Affairs
+61 7 3318 3308
+61 421 587755  Download the PDF (93 KB)
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