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Chatham Rock Phosphate Limited — M&A Activity 2017
Feb 17, 2017
44467_rns_2017-02-17_bdf0c71a-fba9-4c07-a17b-a6811d0d4708.html
M&A Activity
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Notice of Offer Becoming Unconditional
CRP · 2017-02-17T16:18:00+13:00 · Announcement #296972 · View on NZX
Notice of Offer Becoming Unconditional
17 February 2017
Chatham Rock Phosphate Limited
Level 1, 93 Terrace
Wellington, 6011
New Zealand
By email: [email protected]
RULE 49C(3) NOTICE OF OFFER BECOMING UNCONDITIONAL
We refer to the offer by Antipodes Gold Limited (AXG) for a full takeover for
all of the equity securities in Chatham Rock Phosphate Limited (CRP), dated
23 December 2016 (Offer).
AXG hereby gives notice that:
o AXG has received acceptances in respect of CRP's fully paid ordinary shares
which, on registration of the transfer of those ordinary shares will result
in AXG holding or controlling 50% or more of the voting rights in CRP;
o AXG waives the condition in paragraph 5.1.1 of the Offer document which
requires it to obtain acceptances in respect of 90% of CRP's voting
securities; and
oAXG confirms satisfaction of the conditions contained in paragraph 6.1 of
the Offer document.
Accordingly, the Offer is now unconditional in all respects. In accordance
with the Takeovers Code, AXG will be transferred the CRP shares held by
acceptors of the Offer and will issue new AXG shares to those acceptors
within 7 days.
At present AXG has received acceptances under the Offer of approximately
87.53% of CRP's voting securities and in respect of all of its non-voting
securities. AXG understands that further acceptances of approximately 2.5%
are likely to be received in the coming days. Accordingly AXG expects to
exceed a 90% level of acceptance of voting securities by the end of next week
and then commence the compulsory acquisition procedure under the Takeovers
Code.
For and on behalf of
Antipodes Gold Limited
Peter Liddle
Chief Financial Officer
cc: The Takeovers Panel
Level 3, Solnet House
70 The Terrace
Wellington 6011
By email: [email protected]
cc: NZX Limited
Level 2, NZX Centre
11 Cable Street
PO Box 2959
Wellington
By email: [email protected]
End CA:00296972 For:CRP Type:TAKEOVER Time:2017-02-17 16:18:48