AI assistant
RAMELIUS RESOURCES LIMITED — M&A Activity 2021
Nov 28, 2021
65718_rns_2021-11-28_b0262857-1628-4f7f-a845-1b2cd946f6bc.pdf
M&A Activity
Open in viewerOpens in your device viewer
==> picture [147 x 98] intentionally omitted <==
29 November 2021
Update on Ramelius Takeover Offer
The Independent (non Ramelius) Directors of Apollo Consolidated Limited (ASX: AOP) ( Apollo , the Company) would like to remind all Apollo shareholders that the offer period in relation to Ramelius Resources Limited’s ( Ramelius ) takeover offer which was announced on 1 November ( Takeover Offer ), is scheduled to close on Friday, 3 December 2021.
As of 26 November 2021, Ramelius held a relevant interest in 215,827,888 Apollo shares, representing 74.01% of the issued share capital of the Company. Ramelius have also appointed three nominees to the Apollo Board as the Company’s majority shareholder which was announced on 22 November 2021.
The Independent Directors encourage all remaining Apollo shareholders to accept into the Ramelius Takeover Offer as soon as possible and by no later than 3 December 2021. The Takeover Offer is unconditional and unanimously recommended by the Independent Directors of Apollo. There is no certainty that Ramelius will extend its offer period, which could result in any remaining Apollo shareholders becoming minority shareholders in Apollo, which is already controlled by Ramelius.
Apollo Independent Director Nick Castleden said: “With Ramelius now in control of Apollo with a 74% interest in the Company, I strongly encourage all remaining Apollo shareholders to accept into the Ramelius offer in advance of the scheduled closing of the offer period on 3 December 2021”.
This announcement has been authorised for release by the Independent Directors of Apollo Consolidated Limited.
ENDS Further information:
Investor enquiries Nick Castleden Independent Director Apollo Consolidated Limited +61 8 6319 1900
Media enquiries Michael Vaughan Executive Director Fivemark Partners +61 422 602 720
Apollo Consolidated Limited ABN 13 102 084 917 ASX: AOP 1202 Hay Street Perth WA 6005 PO Box 556, Cottesloe WA 6911
Telephone: +61 8 6319 1900 Facsimile: +61 9 6314 1557 Email: [email protected] Web: www.apolloconsolidated.com.au