Red Rock Resources plc (AIM:RRR) announced that Jupiter Mines Ltd., unlisted public company in which it owns 27.32 million shares has given further details about its planned $55 million distribution to shareholders. Jupiter will also consider strategic options, which may include relisting, and is appointing advisors. Red Rock Chairman Andrew Bell comments, “The distribution, by way of an equal access share buy-back, is being accepted by directors and we expect it to be accepted by the other significant shareholders. Our percentage shareholding will then remain unchanged. At the buy-back price our holding is valued at GBP8.83m, compared with the carrying value in our books of GBP1.5m. The expectation of a further increase in manganese sales, and the possibility of further distributions, sale of the asset or a relisting later in the year, mean that we expect value to continue to increase”.